Montecito Medical Acquires Yet Another MOB in Hagerstown, Maryland
On May 3, Montecito Medical, a premier owner of medical office properties throughout the United States, completed the acquisition of a new medical office building located in Hagerstown, Maryland. Julian P. Etches and Joe Donegan of Scheer Partners, Inc., brokered the transaction. Financial terms were not disclosed. The 20,454 square-foot medical office property is 100% occupied by Hagerstown Heart, the market area’s dominant cardiology practice which is affiliated with Meritus Health, a regional health system that serves patients in Maryland, West Virginia and Pennsylvania. Located northwest of Washington, D.C., Hagerstown anchors one of the fastest growing metropolitan areas in the... Read More »
Infusion Associates Expands Deeper into Michigan
On May 2, Infusion Associates, a Grand Rapids, Michigan-based infusion center, announced that it was purchasing Okemos Infusion Center, marking the 10th infusion services acquisition of 2022, the first of May and the first for Infusion Associates since 2018. The financial terms of the transaction were not disclosed. Infusion Associates is independently owned; it has more than five locations in the state and more than 90 healthcare professionals caring for upwards of 2,500 patients a month. Based in Okemos, Michigan, Okemos Infusion Center provides support to patients seven days a week. Okemos Infusion Center will be rebranded to Infusion Associates, joining one of the fastest growing... Read More »
Regal Healthcare Capital Partners Acquires Healthcare Staffing Agency
On April 26, one of Regal Healthcare Capital Partners’ portfolio companies, Oak Healthcare Staffing, announced that it acquired Cunningham Elite Staffing, marking the fourth healthcare staffing deal of the month. The financial terms of the transaction were not disclosed. Oak Healthcare, a travel nurse staffing firm, ensures clinical oversight and support to each nurse while on-the-job through a dedicated nurse advocacy team. Its seasoned recruiting team identifies and places high-performing nurses in 14 focused areas including the operating room, emergency room, intensive care unit, labor and delivery room and cardiac catheterization labs. Founded in 2017, Cunningham Elite Staffing... Read More »
Option Care Health Completes Acquisition of Specialty Pharmacy Nursing Network Inc.
Option Care Health, Inc., the largest independent provider of home and alternate site infusion services in the United States, completed the acquisition of Specialty Pharmacy Nursing Network Inc. (SPNN) on April 11, 2022, for $60 million. SPNN will maintain its current operations and continue to serve a broad array of infusion providers, specialty pharmacies and biopharmaceutical manufacturers as a separate enterprise within Option Care Health. Option Care Health, Inc. has more than 7,000 employees including 4,700 clinicians in all 50 states and with the acquisition of SPNN, Option Care now has a team of more than 2,900 nurses nationwide. Founded in 2009, (SPNN) is a national leader... Read More »