Medical real estate company purchases Columbia treatment center for $31M.

• Position: Montecito Medical

A Nashville-based medical real estate company has purchased a Columbia cancer treatment center for $31 million.

First Citizens Bank recently announced that its Healthcare Finance group provided $31.2 million to Montecito Medical Real Estate to finance its purchase of a treatment center leased to South Carolina Oncology Associates, according to a news release.

The treatment center is located at 166 Stoneridge Drive in Columbia.

The oncology practice is the largest private oncology practice in the state, providing a range of cancer services in one location including medical, radiation and gynecological oncology services along with patient support services.

Montecito Medical is a privately held company specializing in healthcare-related real estate acquisitions and partnering with providers and developers to fund development of medical and veterinary real estate. Since 2006, Montecito has completed transactions involving more than...