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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 »
Folsom, CA Medical Outpatient Property Sells at Nearly Twice Its Previous Value
According to a November 18 press release, a multi-tenant medical outpatient building (MOB) in Folsom, California sold for $7.5 million, nearly $3 million more than its last sale in 2016. The property is a 20,086-square-foot MOB constructed in 2007. It is fully leased to tenants including CGT Global (formerly StemExpress), Folsom Orthopaedics & Sports Medicine and Hanger Prosthetics & Orthotics West. CGT Global, which appears to operate its headquarters from this site, anchors the building. The building is one of nine within the Willow Creek Medical Office Park, situated close to Dignity Health’s Folsom hospital. The price was slightly more than $373 per square... Read More »
Onicx Group Purchases Second MOB of 2024
Tampa-based Onicx Group has announced the acquisition of a medical outpatient building (MOB) in Trinity, Florida. The property is a two-story, 31,000-square-foot Class A MOB located in a high-growth suburb within the Tampa Bay region. Constructed in 2008, the MOB is situated on a BayCare Health System outpatient campus and boasts a strong tenant mix, including Orthopaedic Associates of West Florida, a subsidiary of the Florida Orthopaedic Institute. The MOB features an occupancy rate exceeding 91%. Onicx Group is a prominent developer and a trusted real estate partner for health systems and physician practices, with a longstanding focus on healthcare real estate. This acquisition marks the... Read More »
Montecito Medical Acquires MOB in St. Louis MSA
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in the St. Louis, Missouri, MSA. The transaction was announced by Montecito Medical on November 8, 2024. The 22,100-square-foot MOB is fully occupied by St. Louis Heart & Vascular, a full-service cardiology and vascular practice. Financial terms of the deal were not disclosed. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. “We are excited to add this property to our... Read More »
Avid Bioservices to be Acquired by PE Firms in $1.1 Billion Transaction
Avid Bioservices, Inc., GHO Capital Partners LLP and Ampersand Capital Partners announced that they have entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1 billion. The transaction is expected to close in the first quarter of 2025. Avid Bioservices is a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing its services to biotechnology and pharmaceutical companies. According to its most recent annual report, Avid Bioservices’ revenue during the fiscal year (FY) ended April 30, 2023 was $149.3 million, and... Read More »Schedule a demo
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