University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University Approves $15.1M Fairhope ASC Property Purchase
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Description
The University of South Alabama Board of Trustees approved an Agreement of Purchase and Sale with HHRE USA FAIRHOPE ASC, LLC to acquire the Fairhope ambulatory surgery center property for $15.1 million in cash. The transaction includes leasehold land, improvements, related leases, service contracts, and personal property, financed initially through short-term bridge financing.
Contract Details
Contract Amount
$15,100,000.00
Vendor
HHRE USA FAIRHOPE ASC LLC
Agency
Usa Health University Hospital, AL
Contract Type
FACILITIES
Document Date
June 2, 2026
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University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
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