Company Overview
Coaction Group is purchasing and leasing land to the new Zion Regional Medical Center, located in St. George, Utah. This will produce monthly, recurring interest of 9% to 10% with a sale of the property in 5 to 7 years for a 1.7 to 2.0 multiple.
ZRMC Property, LLC is a real estate holding company that was formed by Coaction Group to purchase and lease land to a new hospital and medical office group, the Zion Regional Medical Center. The Coaction Group specializes in developing medical facilities for medical providers across the country. For years, Coaction Group has been working on bringing a new hospital to the St. George, Utah market.
After countless hours of market study, physician contacts and other due diligence, a team of professionals has been brought together to make this new hospital a reality. Coaction Group is partnering with QHR Health as the hospital operator (www.qhr.com), Cain Brothers as investment bankers (a division of KeyBank Capital Markets), Layton Construction as general contractor, and DSC Architects as project architects.
A unique opportunity has been created for accredited investors to participate in this project. While the hospital and medical offices are being financed through a tax-exempt bond offering (the hospital entity is a 501(c)3 non-profit), the land that the hospital and medical offices will sit on has been carved out and will be purchased by ZRMC Property, LLC and leased to the hospital.