Corewell Health A+/Aa3 investment grade — Michigan’s largest health system, formed by Beaumont + Spectrum Health merger. 22 hospitals, 300+ outpatient locations. 5.00–6.00% NNN cap rates. Q1 2026.

Concentra Urgent Care backed by Humana BBB+/Baa3 investment grade. 559 US centers, $1.9B revenue, largest US occupational health network. 5.50–6.50% NNN cap rates, $2M–$5M price range. Q1 2026.

BioLife Plasma Services backed by Takeda Pharmaceutical BBB-/Baa3 investment grade. ~180+ US plasma centers. 5.75–6.75% NNN cap rates, $3M–$7M price range. Q1 2026 investor guide.

Athletico Physical Therapy B/B3 Negative — BDT Capital PE-backed, 900+ US PT locations, high leverage from Pivot acquisition. 7.50–9.00% NNN cap rates, $1.5M–$3.0M price range. Q1 2026.

Aspen Dental B/B3 PE-backed non-investment grade. 1,000+ US locations, Ares/Leonard Green owned. 7.00–8.50% NNN cap rates, $1.5M–$3.5M price range. DSO structure analysis. Q1 2026.

Ascension Health AA+/Aa2 investment grade — largest nonprofit Catholic health system, ~140 hospitals, 19 states. 5.00–6.00% healthcare NNN cap rates, $3M–$15M+ price range. Q1 2026.

Company Banfield Pet Hospital Parent Mars, Inc. (privately held) Ticker N/A Exchange N/A Sector Animal Healthcare Services S&P Rating N/A Moody’s Rating N/A Investment Grade Private / Not Rated US Locations 1,000+ Revenue $2.0B+ Cap Rate Range 4.50% – 5.50% Lease Term 10 years Building Sq Ft 3,000 – 10,000 Business Overview Banfield Pet Hospital…

Company National Vision Parent National Vision Holdings, Inc. Ticker EYE Exchange NASDAQ Sector Healthcare Services S&P Rating BB Moody’s Rating Ba2 Investment Grade Non-Investment Grade / High Yield US Locations 1,200+ Revenue $1.9B Cap Rate Range 5.50% – 6.50% Lease Term 10 years Building Sq Ft 2,000 – 8,000 Business Overview National Vision Holdings operates…

Company Quest Diagnostics Parent Quest Diagnostics Incorporated Ticker DGX Exchange NYSE Sector Healthcare Services S&P Rating BB+ Moody’s Rating Ba2 Investment Grade Non-Investment Grade / High Yield US Locations 2,200+ Revenue $2.5B Cap Rate Range 5.00% – 6.00% Lease Term 10 years Building Sq Ft 3,000 – 50,000 Business Overview Quest Diagnostics stands as one…

Company Labcorp Parent Laboratory Corporation of America Holdings Ticker LH Exchange NYSE Sector Healthcare Services S&P Rating BB+ Moody’s Rating Ba1 Investment Grade No US Locations 2,000+ Revenue $3.2B Cap Rate Range 5.00% – 6.00% Lease Term 10 years Building Sq Ft 3,000 – 50,000 Business Overview Laboratory Corporation of America, known as Labcorp, operates…