Agile Occupational Medicine Merges With Pinnacle HealthCare

Agile Occupational Medicine Merges With Pinnacle HealthCare

California-based Agile Occupational Medicine announced the completion of its merger with Pinnacle HealthCare. Combined, the practices total  14 clinics throughout California and Yuma, Arizona, creating the fourth-largest occupational medical group in California. Terms of the deal were not disclosed. Agile Occupational Medicine is an owner and operator of occupational healthcare clinics. From drug screenings to workplace injury treatment, Agile offers a range of occupational health programs that help employers maintain a healthy and safe workforce, while providing cost-effective health care for local companies and employees. Founded in 1999, Pinnacle HealthCare provides medical care... Read More »
Boston-area Life Sciences Campus Acquired for Nearly $600 Million

Boston-area Life Sciences Campus Acquired for Nearly $600 Million

In what has been reported by the Boston Business Journal as one of the largest commercial property transactions in the Boston area during the past year, CS Capital Management, Inc. has acquired a Waltham, Massachusetts-based life sciences campus for $578 million. The seller was TPG Real Estate’s Alloy life science platform. TPG bought the nearly 600,000-square-foot campus in 2020 for $340 million with a strategy of attracting more life science tenants through a lab conversion. CS Capital Management is a real estate investment management and advisory company with approximately $848 million of institutional assets under management. According to data captured in the LevinPro HC database, this... Read More »
Agile Occupational Medicine Merges With Pinnacle HealthCare

Concentra Acquires Connecticut Occupational Health Locations

Concentra, Inc. announced on January 23 that it acquired PhysicianOne Urgent Care’s Connecticut occupational health business. PhysicianOne provides walk-in and virtual medical care for non-life-threatening illnesses and injuries around the clock. PhysicianOne’s 16 occupational health locations in Connecticut are being acquired. PhysicianOne still operates five Massachusetts and three New York locations. Concentra, a division of Select Medical, is a premier provider of occupational health services focused on improving the health of America’s workforce, one patient at a time. The company is headquartered in Addison, Texas and operates more than 540 urgent care centers in 44... Read More »
Will 2023 be the Year Medical Office Building M&A Activity Declines?

Will 2023 be the Year Medical Office Building M&A Activity Declines?

Did transaction activity peak in 2022 in the medical office building (MOB) market? While that question will officially be answered at the end of this year, it may already be time to start thinking about the possibility of a drop in MOB deal activity in 2023. According to data captured from the LevinPro HC database, there were 214 MOB deals in 2022 and 160 MOB transactions in 2021. Alan Pontius, senior vice president and national director of Marcus & Millichap’s office, industrial and healthcare divisions, discussed headwinds that look to shape the MOB market in 2023. “We’ll probably see a flattening, even a modest decrease, in overall activity,” Pontius said. “In the first quarter of... Read More »
Concentra Acquires Lehigh Valley Health Network’s Occupational Health Business in Bethlehem and Allentown, Pennsylvania

Concentra Acquires Lehigh Valley Health Network’s Occupational Health Business in Bethlehem and Allentown, Pennsylvania

Concentra, Inc., a division of Select Medical, announced on January 23 the acquisition of the occupational health business of Lehigh Valley Health Network (LVHN) in Bethlehem and Allentown, Pennsylvania. This includes the former LVHN locations of HealthWorks–Allentown, HealthWorks–Trexlertown, HealthWorks–Bethlehem, Healthworks–Bethlehem Township and HealthWorks–Highland Avenue (previously Coordinated Health–Highland Avenue). All occupational health services previously provided at these locations are now provided by Concentra. Terms of the deal were not disclosed. Concentra’s Bethlehem and Allentown centers offer the full suite of occupational health services, including work injury care,... Read More »
HealthLynked Sells ACO Health Partners Subsidiary

HealthLynked Sells ACO Health Partners Subsidiary

HealthLynked announced on January 20 that it has signed a definitive agreement to sell its ACO Health Partners subsidiary to PBACO Holding, LLC, which operates under the name Palm Beach Accountable Care Organization (PBACO). According to data captured in the LevinPro HC database, this acquisition represents the first accountable care organization (ACO)  transaction of 2023. There was just one ACO deal announced during 2022. Under the terms of the agreement, HealthLynked will receive $750,000 in cash, as well as up to $2.25 million incremental cash based on agreement to participate in PBACO by AHP’s existing physician practices or newly added practices, scaled based on the number... Read More »