Montecito Medical Acquires Florida-based Medical Office Building
On August 3, Montecito Medical Real Estate announced it acquired a medical office building (MOB) in Lithia, Florida for an undisclosed price. According to the LevinPro HC database, this marks the 22nd MOB transaction of Q2:22 and the 119th MOB deal of the year. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. The 37,000-square-foot building, which opened in 2021, is fully occupied under a long-term lease by Orthopaedic Medical Group of Tampa Bay. This acquisition expands Montecito’s footprint in the Tampa-St. Petersburg area.... Read More »
H.I.G. Capital Completes Acquisition of Barton & Associates
H.I.G. Capital, a global private equity and alternative assets investment firm based in Boston, completed its acquisition of Barton & Associates Inc. on Aug. 1. Terms of the deal were not disclosed. UBS Investment Bank and BofA Securities acted as financial advisors and McDermott Will & Emery LLP acted as legal counsel to H.I.G. JP Morgan Securities LLC acted as exclusive financial advisor and WilmerHale LLP served as legal counsel to Barton. Barton & Associates Inc. is a healthcare staffing company specializing in travel nursing, allied health care and government-related physician staffing markets. Headquartered in Peabody, Massachusetts, Barton offers staffing services on a... Read More »
Seavest Healthcare Properties acquires Manhattan medical office building
On July 20, Seavest Healthcare Properties, a subsidiary of Seavest Investment Group, announced that it acquired a medical office building (MOB) in Manhattan for an undisclosed price. The eight-story, 57,000-square-foot medical office building is anchored by NYU Langone Health, which offers a wide range of primary and specialist-based healthcare services. Seavest Healthcare Properties invests in the medical office and outpatient facility sector. The firm acquires existing properties, joint ventures with established developers to build new properties and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. This acquisition continues... Read More »
Amazon Acquires One Medical for $3.9 Billion Expanding Its Healthcare Market Presence
The $3.9 billion acquisition of One Medical (NASDAQ: ONEM) is one of Amazon.com’s (NASDAQ: AMZN) largest acquisitions, to date, and follows the rollout and expansion of Amazon Care in 2021. Through the acquisition, Amazon will have access to One Medical’s nearly 200 locations, increasing Amazon’s ability to provide in-person and digital care that’s accessible and convenient for all. On completion of the transaction, Amir Dan Rubin will remain as CEO of One Medical. One Medical is a network of primary care clinics offering services such as wellness and prevention, treatment for chronic conditions, mental health services, child care and LGBTQ+ services. 1Life Healthcare, Inc., the... Read More »