Kindred Healthcare pays $25 million for formerly leased hospital

BUYER: KND Real Estate 32 LLC (principals: Gregory Miller, Richard Chapman and Richard Lechleiter), Louisville, Ky.
SELLER: United Medical Corp. of Tampa
PROPERTY: 4555 S. Manhattan Ave., Tampa
PRICE: $25 million
PREVIOUS PRICE: $4.5 million, December 1982
LAW FIRM ON DEED: Bilzin Sumberg Baena Price & Axelrod LLP, Miami

PLANS, DESCRIPTION: Kindred Healthcare Inc. purchased the 33,115-square-foot Kindred Hospital Bay Area-Tampa for $25 million.

The price equated to $7,549 per square foot.