Broward Health Buys MOB in Coral Springs, Florida

Broward Health Buys MOB in Coral Springs, Florida

Broward Health has purchased a Coral Springs, Florida medical office building (MOB) for $11 million. The property last traded ownership for $5.8 million in 2018, so it has nearly doubled in value, reflecting the strong demand for medical office space in Broward County. The property is a 40,926-square-foot MOB located north of Broward Health Coral Springs. The five-story building was constructed on the 1.34-acre site in 1974. Broward Health is a public, non-profit health system operating more than 30 healthcare facilities. With more than 7,590 employees, Broward Health services all segments of the community through its four hospitals, a children’s hospital, seven primary care centers,... Read More »
United Dental Corporation Expands Footprint in Tennessee

United Dental Corporation Expands Footprint in Tennessee

United Dental Corporation (UDC), a Miami, Florida-based dental services organization, announced that it has acquired Gorham and Ammarell Dentistry, marking its first acquisition in Tennessee. Gorham and Ammarell Dentistry is a general dentistry practice that has been operating in Nashville, Tennessee since 1969. According to its website, the practice has two providers on staff. UDC partners with dentists seeking to maximize the value of their practices while retaining operational autonomy. UDC exclusively partners with growth-oriented, entrepreneurial dentists producing $2 million to $5 million in annual collections typically from a single location. Triumphant Transition Partners... Read More »
Children’s Autism Center Expands in Northeast Indiana With Child’s Play Plus

Children’s Autism Center Expands in Northeast Indiana With Child’s Play Plus

The Children’s Autism Center announced that it has acquired local provider Child’s Play Plus, signaling a strategic move to enhance its services in Northeast Indiana.  Starting in 2014 as one clinic specializing in autism services, Child’s Play Plus has become a multidisciplinary pediatric therapy center offering behavioral, developmental and rehabilitative services across multiple locations in Northeast Indiana.  Children’s Autism Center is a nonprofit Applied Behavior Analysis (ABA) agency headquartered in Fort Wayne, Indiana. Children’s Autism Center has been providing autism support in northeast Indiana since 2005, serving around 140 clients annually across its Fort... Read More »
AstraZeneca Acquires Amolyt Pharma From Sofinnova Partners

AstraZeneca Acquires Amolyt Pharma From Sofinnova Partners

Sofinnova Partners announced on March 14 that its portfolio company, Amolyt Pharma, has entered into a definitive agreement with AstraZeneca for its acquisition. The transaction includes $800 million upfront at deal closing, plus the right for Amolyt Pharma’s shareholders to receive an additional contingent payment of $250 million payable upon achievement of a specified regulatory milestone. Amolyt Pharma is a global, clinical-stage biopharmaceutical company specializing in the development of therapeutic peptides for rare endocrine and related diseases. Its portfolio includes eneboparatide (AZP-3601), a long-acting PTH1 receptor agonist as a potential treatment for hypoparathyroidism, and... Read More »
Madisonhealth Acquires Upper Valley Orthopedics 

Madisonhealth Acquires Upper Valley Orthopedics 

Madisonhealth, based in Rexburg, Idaho, announced that it acquired Upper Valley Orthopedics for an undisclosed amount.  Upper Valley Orthopedics provides state-of-the-art orthopedic care. According to its website, the practice has three providers on staff.  Madisonhealth is a network of interconnected clinics, healthcare professionals and support personnel throughout eastern Idaho. Anchored by Rexburg’s Madison Memorial Hospital, Madisonhealth is 720 employees strong, with a dedicated team of 270 local providers, and an additional 50 contracted therapists and nurse anesthetists.  According to data captured in the LevinPro HC database, this acquisition marks the 107th... Read More »
Montecito Medical Acquires Two MOBs in Minnesota

Montecito Medical Acquires Two MOBs in Minnesota

Montecito Medical Real Estate announced on March 12 that it has purchased two medical office buildings (MOBs) in Minnesota, marking its third transaction of the year. The two MOBs, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and Apple Valley, Minnesota in the Minneapolis–Saint Paul MSA. Both are 100% occupied by Minnesota Women’s Care. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. The acquisition of the MOB expands Montecito Medical’s presence in the... Read More »
Access Information Management Purchases Triyam

Access Information Management Purchases Triyam

Access Information Management announced this week that it has acquired Triyam, accelerating its entry into the electronic health record (EHR) and archival digital records management markets.  Triyam helps hospitals, health systems and clinics by extracting and archiving historical patient data from legacy EHR and billing systems. The company is headquartered in Lexington, Kentucky and was founded in 2011.  Access Information Management is a partner for organizations seeking effective records and information management services. The Peabody, Massachusetts-based company provides records management storage and destruction services for hardcopy and electronic records. Access serves... Read More »
Tri-Valley Medical Group Acquires Sequoia Health 

Tri-Valley Medical Group Acquires Sequoia Health 

On March 7 WaveEdge Capital LLC, an independent healthcare and life sciences investment bank, announced that it served as the exclusive sell-side M&A advisor to Sequoia Health in its sale to Tri-Valley Medical Group.  Sequoia, one of the largest independent physician associations in central California, has more than 1,300 leading primary care and specialty physicians. It serves more than 145,000 patients annually and operates out of 27 locations in California.  Tri-Valley Medical Group, a portfolio company of Massachusetts-based private equity firm Webster Equity Partners, is a physician platform that provides primary care and population health management services to... Read More »
Madisonhealth Acquires Upper Valley Orthopedics 

Cedars-Sinai Acquires 2 California Orthopaedic Practices 

Cedars-Sinai Health System announced that, through its affiliate Huntington Health, it is purchasing two well-known California-based orthopaedic practices: Risser Orthopaedic Group and Orthopaedic Associates Inc.   Orthopaedic Associates Inc., founded more than 60 years ago, has 19 providers on staff. It operates out of Pasadena and Arcadia, California.   Risser Orthopaedic Group has nine providers on staff. The practice also has one location in Pasadena and one in Arcadia.   Established in 2017, Cedars-Sinai Health comprises Cedars-Sinai (Cedars-Sinai Medical Center and Cedars-Sinai Marina del Rey Hospital), Torrance Memorial Medical Center and their... Read More »
Kayne Anderson Acquires Telehealth Platform TeleMed2U

Kayne Anderson Acquires Telehealth Platform TeleMed2U

Kayne Anderson announced that it is acquiring a majority share of TeleMed2U through Kayne Anderson Growth Capital, its dedicated growth capital strategy.  TeleMed2U is a leading provider of telemedicine solutions, based in Roseville, California. With more than 275 specialist care providers, TeleMed2U’s suite of telemedicine services engages patients across the healthcare continuum, offering outpatient care, inpatient services and asynchronous telemedicine across 20 specialties, including Behavioral Health, Endocrinology, Rheumatology, Infectious Diseases, Dermatology and more, regardless of the patient’s geographic location.  Founded in 1984, Kayne Anderson Capital... Read More »