Flagship Acquires MOB in Fredericksburg, Virginia
Flagship Healthcare Properties announced on October 2 that it has acquired a 38,786-square-foot medical office building (MOB) and ambulatory surgery center in Fredericksburg, Virginia through its private real estate investment fund. SCCV Office Condominium Association sold the Class B asset for an undisclosed price. Fifth Third Bank provided the acquisition financing. Surgi-Center of Central Virginia, an affiliate of United Surgical Partners International, anchors the MOB property. Other tenants include HCA Virginia – Richmond Multi-Specialty, Fredericksburg Foot & Ankle Center and Allergy & Asthma Center of Fredericksburg. At the time of the sale, the building’s occupancy... Read More »
StrideCare Acquires Texas Center for Interventional Surgery
StrideCare announced on June 16 that it acquired Texas Center for Interventional Surgery (TCIS). According to data captured in the LevinPro HC database, this transaction marks the 16th ambulatory surgery center acquisition of 2023. TCIS is a medical facility specializing in minimally invasive interventional procedures. The company is based in Addison, Texas, right outside of Dallas. Its procedures include ablations, implanting/removing PICC/central lines, ports and aspire catheters, biopsies and kyphoplasty. Based in Dallas, Texas, StrideCare is a multi-specialty physician group focused on improving patient lives by offering value based comprehensive lower extremity care. This... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California
Covenant Physician Partners, a portfolio company of KKR, announced on June 6 its merger with Wilshire Center for Ambulatory Surgery. Wilshire Center for Ambulatory Surgery is an ambulatory surgery center (ASC) in Los Angeles, California. The ASC has two operating rooms. Covenant Physician Partners is a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff. Covenant provides patient care in nine ASCs and seven physician practice locations throughout California. The addition of the Los Angeles MOB expands... Read More »
Capitol Pain Institute Completes Four Acquisitions
Capitol Pain Institute (CPI), a portfolio company of Iron Path Capital, announced that it completed four transactions. Springs Rehabilitation is operated by Dr. Kenneth P. Finn and Janel Sharp Moreno. In addition to rehabilitation services, the practice provides pain management services. It is based in Colorado Springs. According to data captured in the LevinPro HC database, this marks the 15th Rehabilitation transaction of the year. Bolstering its Physician Medical Groups (PMG) portfolio, CPI acquired The Peak Physical Medicine as well as Spinal Diagnostics and Regenerative Medicine. The Peak Physical Medicine operates out of one Colorado Springs location and is run by one... Read More »