Former Post Acute Specialty Hospital of Milwaukee building sold for $2 million

Assessed at $11.1 million

PAM Specialty Hospital of Milwaukee at 5017 S. 110th St.

Last updated on September 11th, 2019 at 01:43 pm

The former Post Acute Specialty Hospital of Milwaukee building in Greenfield was sold for $2 million, according to state records.

An affiliate of Birmingham, Alabama-based real estate investment trust Medical Properties Trust, Inc. purchased the 155,945-square-foot building from Toledo, Ohio-based health care real estate investment firm Welltower Inc.

The property is assessed at $11.1 million, according to city of Greenfield records.

Post Acute Specialty Hospital closed its 62-bed hospital at 5017 S. 110th St. in April. The Milwaukee hospital was part of Pennsylvania-based long-term acute care hospital network Post Acute Medical, LLC.

The hospital provided specialized medical care to acutely ill patients requiring extended recovery time after an acute care hospital stay.

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Lauren Anderson
Lauren Anderson covers health care, nonprofits, education and insurance for BizTimes. Lauren previously reported on education for the Waukesha Freeman. She graduated from the University of Wisconsin-Madison, where she studied journalism, history and African studies. In her free time, Lauren enjoys spending time with family and friends and seeing live music wherever she can.