Ardent Health Buys 18 Urgent Care Clinics in New Mexico and Oklahoma

Ardent Health Buys 18 Urgent Care Clinics in New Mexico and Oklahoma

Ardent Health kicked off the new year with an acquisition. The Nashville, Tennessee-based health system announced on January 3 that it has acquired 18 urgent care clinics across New Mexico and Oklahoma from Mesa, Arizona-based NextCare Urgent Care. Ardent Health, backed by Chicago-based private equity firm Equity Group Investments, is a leading healthcare provider in growing mid-sized urban communities across the United States. Through its subsidiaries, the company delivers care through a system of 30 acute care hospitals and more than 200 sites of care with more than 1,800 affiliated providers across six states. The six New Mexico urgent care clinics will operate as part of Lovelace... Read More »
Newmark Healthcare Capital Markets Advises on Medical Outpatient Building Transaction 

Newmark Healthcare Capital Markets Advises on Medical Outpatient Building Transaction 

On December 23, National Healthcare Properties, Inc. announced that it sold a medical outpatient building (MOB) in Winfield, Alabama. The buyer was not disclosed.   Newmark Healthcare Capital Markets, a subsidiary of Newmark Group, advised National Healthcare Properties in the sale. The financial terms were not disclosed.  The MOB is located on 638 Tahoe Road and is primarily a dialysis center. It is tenanted by Fresenius Medical Care, with approximately three years remaining on the lease. According to property records, the building comprises 5,500 square feet.  National Healthcare Properties is a publicly registered real estate investment trust focused on acquiring a... Read More »
Colliers U.S. Healthcare Capital Markets Advises on Decatur, GA Transaction 

Colliers U.S. Healthcare Capital Markets Advises on Decatur, GA Transaction 

On December 30, Colliers’ U.S. Healthcare Capital Markets team announced that it advised on a medical outpatient building (MOB) acquisition by an undisclosed buyer.   Decatur Medical Plaza is a boutique urban MOB based in Decatur, Georgia. It is a 42,921 square foot MOB that is fully leased to an impressive roster of tenants including investment grade health system, Emory Healthcare (Moody’s: Aa2), and multiple private equity owned physician groups.   Decatur Medical Plaza is strategically located less than two miles from both Emory Decatur Hospital and the flagship Emory University Hospital. The MOB features prominent visibility within vibrant Downtown... Read More »
Colliers U.S. Healthcare Capital Markets Advises on Decatur, GA Transaction 

Colliers’ U.S. Healthcare Capital Markets Advises on Athens, GA Transaction

Colliers’ U.S. Healthcare Capital Markets team announced that it advised on a medical outpatient building (MOB) acquisition by an undisclosed buyer.  The property is a 36,678-square-foot MOB located in Athens, Georgia. The four-story facility is master-leased by Piedmont Healthcare on a long-term triple-net lease. The recently renovated MOB is adjacent to the 427-bed Piedmont Athens Regional Medical Center and serves in direct partnership with the neighboring hospital to deliver medical training and outpatient care to the surrounding community through the Piedmont Graduate Medical Education and Clay Community Care Clinic. The transaction closed on December 19, 2024. The... Read More »
Health Advocates Network Announced Fourth Deal of Q4 2024

Health Advocates Network Announced Fourth Deal of Q4 2024

Health Advocates Network continues to expand with the acquisition of Staff America Medical Staffing. The deal was announced and closed on December 16, 2024. Staff America Medical Staffing is based in Ocala, Florida, and specializes in placing registered nurses, licensed practical nurses/licensed vocational nurses and therapists on both local and travel assignments in Florida and the Midwest. It was founded in 2001. Health Advocates Network specializes in healthcare staffing solutions, providing a range of services within the healthcare sector. The company was founded in 2020 and is based in Boca Raton, Florida. Staff America founder and CEO Michael Arthur will remain involved with Staff... Read More »
Suven Pharma Picks Up Majority Stake in U.S.-Based NJ Bio

Suven Pharma Picks Up Majority Stake in U.S.-Based NJ Bio

India-based Suven Pharmaceuticals announced that it has signed definitive agreements to acquire a 56% equity stake in NJ Bio, Inc. for $64.4 million. NJ Bio is a contract research organization (CRO) contract development and manufacturing organization (CDMO) providing chemistry and biology services to the biotechnology and pharmaceutical sectors. The company is headquartered in Princeton, New Jersey, with additional chemistry facilities in Bristol, Pennsylvania. NJ Bio has two subsidiaries: NJBIO India Pharmaceutical Private Limited and NJ Biotherapeutics, LLC. Suven Pharmaceuticals Ltd. is a pharmaceutical research expert, primarily operating in contract development and manufacturing... Read More »