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HCP acquires 10 medical office buildings in $163M sale-leaseback transaction

HCP Inc. acquired 10 medical office buildings from Community Health Systems Inc. in a sale and leaseback transaction worth $163 million.

The buildings, which HCP said support a wide range of medical and surgical services, are spread across five states and encompass a total of 756,183 square feet.

Community Health Systems will use the proceeds to pay down existing debt.