ESJ Capital Partners Acquires Medical Outpatient Building Portfolio for $16 Million
On January 31, ESJ Capital Partners announced that it was acquiring a Pennsylvania-based medical outpatient building (MOB) portfolio for $16 million. The 152,310-square-foot, nine-building MOB portfolio is located in Langhorne, Pennsylvania. The portfolio is currently more than 70% leased to established medical tenants, among them Quest Diagnostics, DaVita, LabCorp and the American Red Cross. The purchase price for the MOB portfolio is approximately $105 per square foot. ESJ Capital Partners, founded in 2008, is a real estate investment firm with offices in Miami, Florida and Luxembourg, specializing in value-add opportunities across the United States. Offering a... Read More »
Lantheus to Acquire Evergreen Theragnostics for Upfront Payment of $250 Million
Lantheus Holdings, Inc. announced on January 8 a definitive agreement to acquire Evergreen Theragnostics, Inc. in an all-cash transaction of an upfront payment of $250 million and up to an additional $752.5 million in potential milestone payments. The transaction is expected to solidify Lantheus’ capabilities as a fully integrated radiopharmaceutical company and is expected to close in the second half of 2025. Founded in 2019, Evergreen Theragnostics is focused on improving the available options for cancer patients using radiopharmaceuticals. The company is engaged in contract development and manufacturing (CDMO) services, as well as drug discovery and commercialization of... Read More »
Cormica Expands In The U.S. With Focus Laboratories Acquisition
U.K.-based Cormica, backed by mid-market private equity Limerston Capital, announced on January 28 that it is furthering its expansion strategy with the acquisition of U.S.-based Focus Laboratories. This marks Cormica’s second acquisition in the United States. Focus Laboratories specializes in microbiological testing, including rapid microbiology and consulting for the pharmaceutical, biotech and medical device sectors. Focus Laboratories, originally founded in 1996, was acquired in 2016 by Tony Grilli. Cormica (formerly known as WMP Group) is a global contract research organization, providing comprehensive testing services for medical device, combination device and pharmaceutical... Read More »
Marcus & Millichap Announces Sale of Fort Walton Beach, Florida MOB
Marcus & Millichap announced the sale of a medical outpatient building (MOB) in Florida on January 24. Marcus & Millichap’s Frank Roti, Brett Rodgers and Alex Sacks represented the seller, Emerald Coast Diversified Properties, LLC, and procured the buyer, Montecito Medical Real Estate. The property sold for $25.35 million, or $539.45 per square foot. The 46,992-square-foot MOB is located in Fort Walton Beach, Florida. Built in 2008, the three-story building is adjacent to the 257-bed HCA Florida Fort Walton-Destin Hospital, near the Oskaloosa Heart & Vascular Center. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since... Read More »
Concentra Announces Agreement to Acquire Nova Medical Centers for $265 Million
Concentra Group Holdings Parent, Inc. announced that it has signed an agreement to acquire U.S. Occmed Holdings, doing business as Nova Medical Centers. The transaction values Nova Medical Centers at $265 million and is expected to close in the first quarter of 2025. Nova Medical Centers is an occupational health services company based in Houston, Texas. The company operates 67 centers in Texas, Georgia, Tennessee, Indiana and Wisconsin providing workers’ compensation injury care services, physical therapy, drug and alcohol screening and pre-employment physicals as part of its full suite of occupational health services. Concentra is a leading healthcare company focused on improving the... Read More »Schedule a demo
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