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Cone Health Buys Greensboro, NC Medical Outpatient Building
Cone Health announced that it is expanding its Greensboro, North Carolina presence. The company has plans to add a new practice after buying a building less than a mile away from its flagship hospital, Moses H. Cone Memorial Hospital. Cone Health paid $1.7 million to acquire all but one unit in a Greensboro medical outpatient building (MOB), according to a filing with the Guilford County Register of Deeds Office. Founded in 1953, Cone Health is a not-for-profit healthcare network serving more than half a million people in the Piedmont Triad of North Carolina. Cone Health has more than 13,000 employees and more than 700 physicians, along with 1,800 partner physicians. The health system... Read More »
Breakthrough Properties Acquires Life Science Asset for $159 Million
On February 3, Breakthrough Properties announced that it acquired a three-building life science portfolio in Torrey Pines, California from Diversified Healthcare Trust (DHC). The 186,000-square-foot portfolio is called MUSE and is 49% leased, with a weighted average lease term of more than eight years. The price is roughly $855 per square foot. Breakthrough Properties, a joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, is a life science real estate development company that leverages cross-sector collaboration to deliver environments that foster innovation and scientific breakthroughs. DHC is a real estate investment trust... Read More »
Exploring the MedSpa M&A Market: Trends, Drivers and 2025 Outlook
Medical spas, or MedSpas, are hybrid establishments combining the luxury of a traditional spa with medical-grade aesthetic procedures. As an intersection of health, beauty and medicine, MedSpas have seen a surge in popularity in recent years. As wellness and aesthetic care continue to gain prominence in the daily lives of millions, the medical spa sector has become a focal point for M&A, reflecting a robust market landscape poised for further growth. The MedSpa sector’s prominence was evident at various healthcare conferences attended by the LevinPro HC team in 2024. During McGuireWoods’ 17th Annual Healthcare Finance and Growth Conference in September 2024, Eugene Goldenberg of... Read More »
Vitalis Announces First Acquisition of 2025
Vitalis announced that it acquired a 33,000-square-foot ambulatory surgery center (ASC) in Lakeside, Arizona for $8.25 million. The transaction closed on January 31st, 2025. The ASC, Aspen Ridge Surgical and Medical Complex, also operates a medical outpatient building (MOB). The ASC is 100% leased to five tenants with approximately 6.5 years of weighted average lease term. The facility is anchored by Amsurg, Copa Health and Premier Mountain Imaging. The ASC is a joint venture between Amsurg and seven surgeons specializing in joint replacement, orthopedic, spine, podiatry and ear, nose and throat procedures. Copa Health is a regional health system with 500 employees and... Read More »
