Home Industries Health Care Former Post Acute Specialty Hospital of Milwaukee building sold for $2 million

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

Assessed at $11.1 million

The former Post Acute Specialty Hospital of Milwaukee building in Greenfield.
The former Post Acute Specialty Hospital of Milwaukee building in Greenfield.

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.

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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