Grubb and Ellis Healthcare REIT II Inc. has acquired Lafayette Physical Rehabilitation Hospital, a 32-bed rehabilitation hospital in Lafayette for $12 million.

The one-story facility was built in 2006 and has 26,000 square feet of space. Lafayette Physical Rehabilitation Hospital is leasing the building until 2026.

The business provides rehab services, including physical and occupational therapy, speech pathology and psychology.

Grubb and Ellis bought the building from HFG Lafayett, an unaffiliated third party represented by Mike Coiro and Bill Bennett of Capital Hospital Finance Group.

Valero completes refinery acquisition

Valero Energy Corp. said Monday that it has completed its acquisition of Murphy Oil USA Inc.’s Meraux refinery and related logistics assets for $325 million, plus inventories valued at about $260 million.

In addition to the refinery, the purchase price includes an adjacent product terminal, a 20 percent equity interest in the Collins Product Pipeline and T&M terminal and a 3.2 percent interest in the Louisiana Offshore Oil Port.

Valero Energy Corp. is an international manufacturer and marketer of transportation fuels, other petrochemical products and power.

Tennessee company to buy N.O. hospital

Cardiovascular Care Group, of Nashville, Tenn., said it has finalized the acquisition of Louisiana Medical Center and Heart Hospital in New Orleans from MedCath Corp. Terms of the deal were not disclosed.

The 137-bed facility provides comprehensive acute inpatient and outpatient services to three Louisiana parishes and southern Mississippi counties.

The acquisition is the first in Cardiovascular Care Group’s effort to create a national network of cardiovascular care delivery systems.

CCG said it is committed to making significant capital investments to upgrade the hospital’s clinical and information technology systems.