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National  + Office  |  November 5, 2019
Dennis Kaiser
By: Dennis Kaiser

Halsen Healthcare Completes California Sale-Leaseback with Medical Properties Trust

Halsen Healthcare, LLC acquired the Watsonville Community Hospital Campus in Watsonville, CA from Quorum Health Corporation. Halsen Healthcare subsequently completed a sale/leaseback of the facility at 75 Nielson St. with Medical Properties Trust, Inc.

Halsen Healthcare will operate the hospital and its facilities. Total cash proceeds from the transaction were roughly $39 million and will be used to repay outstanding principal on the Quorum’s term loan facility.

Located on 27-acres in the heart of California’s Central Coast, the campus consists of a 106-bed, general acute care hospital and two medical office buildings totaling 323,650 square feet. The hospital has been serving the tri-county area since 1895.

JLL’s Bryan Lewitt, Chris Isola, Kellie Hill and Justin Hill represented Halsen Healthcare in the transactions.

Lewitt says, “The sale/leaseback structure allows the company to have the capital to implement its business plan and better serve the community with premier medical services.”

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Halsen Healthcare, LLCConnect With Quorum Health CorporationConnect With JLL’s Lewitt

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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  • ◦Sale/Acquisition
  • ◦Lease
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