Montecito Medical Buys Bloomington, Illinois MOB
Montecito Medical Real Estate is acquiring a 14,649-square-foot medical outpatient building (MOB) located in Bloomington, Illinois. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $5 billion in medical real estate across the United States. Cross Keys Capital, a leading independent investment banking firm providing M&A advisory services to physician group practices and healthcare services companies, served as the exclusive financial advisor to the seller, MC Support Property, LLC, in the sale of the MOB. Cross Keys Capital’s deal team consisted of Bill Britton and Roy Barnes. MC... Read More »
McLaren Health Care Acquires Park Medical Centers
On November 25, McLaren Health Care announced that it acquired Park Medical Centers for an undisclosed price. Park Medical Centers is a group of 10 primary care health clinics heavily concentrated in communities throughout Wayne, Oakland and Macomb counties in Michigan. According to the press release, there are 21 providers on staff that serve 36,000 patients. McLaren Health Care is a fully integrated health network comprising 15 hospitals in Michigan and Ohio, a 490-member employed primary and specialty care physician network, outpatient centers, home health and hospice services and medical plans covering more than 588,000 lives in Michigan and Indiana. “Park... Read More »
Arlington Capital Partners Acquires TEAM Technologies
Arlington Capital Partners, a private equity firm based in Washington, D.C., announced on November 25 that it entered into an agreement to acquire TEAM Technologies. TEAM Technologies is a design and manufacturing partner to many of the world’s leading brands in the dental, medical and cosmetic industries. TEAM Tech is a leading provider of specialized manufacturing and strategic supply chain solutions to blue-chip healthcare customers. It was sold by Clearlake Capital Group, L.P., a private equity group based in Santa Monica, California. Before Clearlake purchased the company in 2018, TEAM was owned by The Riverside Company, a private equity firm based in New York... Read More »
Virtua Health Acquires Christiana Spine Ambulatory Surgical Center
On November 20, Merritt Healthcare Advisors, a provider of M&A consultative services for healthcare organizations nationwide, announced that Virtua Health was acquiring Christiana Spine Ambulatory Surgical Center (CSASC). CSASC is an ambulatory surgery center (ASC) in Newark, Delaware. The ASC specializes in spine surgery, diagnostics treatments, minimally invasive spine surgery and non-surgical treatments. Virtua Medical Group is an academic health system that provides a full spectrum of health care services. In addition to joint ventures with 42 ambulatory surgery centers in New Jersey, Pennsylvania and Delaware, Virtua operates five hospitals in Southern New Jersey and has... Read More »
Strive Compounding Pharmacy Adds Leesburg, Virginia Specialty Pharmacy to National Network
Strive Compounding Pharmacy has announced the successful completion of an acquisition of The Compounding Center (TCC), strengthening its national pharmacy network. TCC is a specialty pharmacy in Leesburg, Virginia that prepares custom compounded medications and offers medical equipment and home health supplies. Headquartered in Gilbert, Arizona, Strive Compounding Pharmacy is a specialty pharmacy with locations across the United States. This strategic move further solidifies Strive Compounding Pharmacy’s commitment to expanding access to high-quality, patient-specific medications nationwide. Financial terms of the deal were not disclosed. “Strive Compounding... Read More »Schedule a demo
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