Suven Pharma Picks Up Majority Stake in U.S.-Based NJ Bio
India-based Suven Pharmaceuticals announced that it has signed definitive agreements to acquire a 56% equity stake in NJ Bio, Inc. for $64.4 million. NJ Bio is a contract research organization (CRO) contract development and manufacturing organization (CDMO) providing chemistry and biology services to the biotechnology and pharmaceutical sectors. The company is headquartered in Princeton, New Jersey, with additional chemistry facilities in Bristol, Pennsylvania. NJ Bio has two subsidiaries: NJBIO India Pharmaceutical Private Limited and NJ Biotherapeutics, LLC. Suven Pharmaceuticals Ltd. is a pharmaceutical research expert, primarily operating in contract development and manufacturing... Read More »
Dynamic Infusion Expands Footprint With Solution Nursing Deal
Dynamic Infusion announced on December 10 its acquisition of Solution Nursing for an undisclosed price. CCE Partners, doing business as Solution Nursing, includes operations in Maryland, Delaware, Pennsylvania and Northern Virginia. Solution is a provider of home infusion nursing services on behalf of specialty pharmacies. Dynamic Infusion, founded in 2004 and headquartered in Dallas, Texas, is a full-service, on-demand outsourced provider of vascular access insertion services with a proven clinical model that lowers costs for its customers and leads to better patient outcomes. In early 2021, RiverGlade Capital, a healthcare-focused private equity firm, partnered with Dynamic Infusion to... Read More »
Cypress West and TPG Angelo Gordon Joint Venture Buys MOB in Salt Lake City MSA
Cypress West Partners and TPG Angelo Gordon announced that they have acquired a medical outpatient building (MOB) in Bountiful, Utah. This transaction is part of a two-year programmatic joint venture announced earlier in 2024 between Cypress West and TPG Angelo Gordon. The joint venture was established to acquire up to $300 million in medical office assets across strategic, high-growth West Coast and Sunbelt markets. It targets core-plus and value-add returns through leasing, repositioning and redevelopment. The property is a 112,192-square-foot MOB. The multi-tenant MOB, located four miles north of Salt Lake City, is anchored by Mountain West Surgical Center, a multi-specialty ambulatory... Read More »
Berkadia Advises Montecito Medical on Texas MOB Portfolio Acquisition
Montecito Medical Real Estate has acquired an 85,292-square-foot medical outpatient portfolio in Texas. The portfolio consists of two purpose-built, Class A medical outpatient buildings (MOBs) in the Houston and Dallas MSAs. Berkadia’s Medical & Life Sciences platform announced the closing of the sale on December 5, 2024. One of the MOBs, called the Memorial Hermann Sports Park, totals 53,165 square feet and is located on the campus of Memorial Hermann Katy Hospital in Katy, Texas. The two-story medical property was built in 2019 and is 100% leased by Memorial Hermann and Athlete Training & Health. The other MOB, called the Allen Sports Park, is 32,127 square feet and located in... Read More »
Montecito Medical Buys MOB in Jacksonville, Florida
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in Jacksonville, Florida. The transaction was announced on December 3, 2024. The 10,475-square-foot specialty MOB is fully occupied by Terk Oncology, a prominent specialty provider. The building features a state-of-the-art linear accelerator vault, enabling precise radiation therapy and enhancing access to advanced treatment for local patients. The property is situated across the street from a major hospital campus. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed... Read More »Schedule a demo
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