Development Solutions Expands in Georgia with the Acquisition of 4 Clinics

Development Solutions Expands in Georgia with the Acquisition of 4 Clinics

On March 23, Development Solutions and Facilities, a health care-focused real estate firm, announced that it was acquiring four medical office buildings in Georgia for $11.85 million. Development Solutions and Facilities is run by David Fowler and based in Birmingham, Alabama. It strategizes and executes solutions to develop, lease, manage, own, co-own, invest, acquire and monetize real estate assets. The Georgia properties include the Toccoa Clinic MedAccess in Toccoa, The Foothills Retail Center in Toccoa, Northeast Georgia Physicians Group Pediatrics in Lavonia and NGPG Primary Care in Clayton. The properties are occupied by Northeast Georgia Physicians Group and total 104,548 square... Read More »
Job.com Acquires Healthcare Recruitment Firm QCI Healthcare

Job.com Acquires Healthcare Recruitment Firm QCI Healthcare

On March 2, Job.com, the data-driven, AI-powered recruitment platform, announced the acquisition of QCI Healthcare, a Grand Rapids, Michigan-based staffing agency. This marks the fourth successful staffing agency acquisition by Job.com, which is strategically continuing to build its position leading the digital transformation of the industry. The transaction closed on December 23. Terms of the multi-million-dollar acquisition were not disclosed. QCI Healthcare is a Grands Rapids, Michigan-based recruitment company that provides health professionals to facilities in need of supplemental staffing on a per diem basis, or for contracts ranging anywhere from 8-26 weeks. It also provides private... Read More »
The Rise Fund Acquires Blue Cloud Pediatric Surgery Centers

The Rise Fund Acquires Blue Cloud Pediatric Surgery Centers

On February 28, The Rise Fund, TPG’s multi-sector global impact investing strategy, announced the acquisition of Blue Cloud Pediatric Surgery Centers, an operator of pediatric dental ambulatory surgery centers (ASCs) dedicated to providing dental care to pediatric and special needs patients under general anesthesia. Financial terms of the transaction were not disclosed. The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’... Read More »
Lionstone Investments Acquires Orange County MOB for $125 Million

Lionstone Investments Acquires Orange County MOB for $125 Million

Lionstone Investments made its first move into the medical office sector with the acquisition of Newport Lido Medical Center, a two-building medical office complex totaling 146,510 square feet in Newport Beach, California. The buyer paid $125 million for the fully leased asset through an all-cash transaction, according to Orange County records. Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work. Lionstone Investments is an offering brand of Lionstone Partners, LLC,... Read More »
Montecito Medical Makes Another Acquisition

Montecito Medical Makes Another Acquisition

On January 3, Montecito Medical, a premier owner of medical office properties throughout the United States, has completed the acquisition of a new medical office building located in the Kansas City suburb of Lee’s Summit, Missouri. The property, which opened in 2020, offers just over 40,500 square feet of rentable space and is 100% leased. The property is advantageously situated north of downtown Lee’s Summit next to Interstate Highway I-470. With a population of more than 101,000, Lee’s Summit has become the sixth-largest city in Missouri. The primary tenant is Beacon Surgery Center (BSC), a joint venture between local physician partners and Partners Surgical, a national operator and... Read More »
AdventHealth Buys Winter Park Property

AdventHealth Buys Winter Park Property

On December 14, AdventHealth, a nonprofit health system based in Altamonte Springs, Florida, acquired a 3.88-acre property in Winter Park, Florida for $5 million from Backworks LLC, according to Orange County property records. The Winter Park property located at 1605 W. Fairbanks Avenue features a 14,132-square-foot medical office building built in 2005. The previous owner, Backworks, acquired the property from Anita and Walter Gilmore for $1.6 million in 2003, according to the Orange County property appraiser. AdventHealth Winter Park, formerly Winter Park Memorial Hospital, is located about 3.1 miles from the property. AdventHealth, formerly Adventist Health System, is a faith-based,... Read More »