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Montecito Medical Acquires Two MOB Portfolios

Montecito Medical Acquires Two MOB Portfolios

by | Oct 16, 2024 10:53 am | Other Services

Montecito Medical, a leading buyer of medical outpatient properties nationwide, made two deal announcements on October 15, 2024. The first was the acquisition of a two-building medical office building (MOB) portfolio in central Alabama. The two Alabama MOBs, located in in Birmingham and Montgomery, respectively, are fully leased and total more than 25,700 square feet. Surgical Dermatology Group, a market-dominant specialty provider with nine locations across Alabama, is the anchor tenant. The Birmingham property, which includes an ambulatory surgery center, is Surgical Dermatology Group’s flagship location. The second deal announcement was the acquisition of a two-building MOB portfolio in... Read More »
Foothill Cardiology Acquires Pasadena Medical Outpatient Building 

Foothill Cardiology Acquires Pasadena Medical Outpatient Building 

by | Oct 11, 2024 2:50 pm | Medical Office Buildings

On October 10, it was announced that Foothill Cardiology acquired a medical outpatient building (MOB) in Pasadena, California.   The two-story MOB consists of 20,100 square feet of office space. The building is positioned close to Huntington Hospital. Acuity Eye Group and Pasadena Advanced Surgery Institute occupy the offices. The price was approximately $562 per square foot.  Foothill Cardiology is a cardiology practice. According to its website, the practice is run by more than 20 physicians out of seven locations across California.   NAI Capital Commercial brokers John S. Archibald and Guillermo Olaiz completed the sale, representing the seller, while NAI... Read More »
Health Advocates Network Announces Acquisition of WorkSquare

Health Advocates Network Announces Acquisition of WorkSquare

by | Oct 9, 2024 10:38 am | Other Services

Healthcare staffing firm Health Advocates Network announced that it has acquired WorkSquare Healthcare Staffing Solutions, a Miami, Florida-based staffing agency. WorkSquare’s business include approximately 75% travel nurse and 25% local staffing. 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. Plans call for WorkSquare to operate as a separate business under its own brand. Terms of the transaction were not announced.  “I am confident that being part of the Health Advocates Network team will create a win/win for WorkSquare field employees,... Read More »
Avania Buys Spanish MedTech CRO Anagram

Avania Buys Spanish MedTech CRO Anagram

by | Oct 8, 2024 12:57 pm | Other Services

Bilthoven, Netherlands-based Avania announced on October 8 its acquisition of Anagram. Founded in 1998, Anagram is a clinical research organization (CRO) based in Barcelona, Spain which provides services in clinical development and post-authorization trials with drugs and medical devices. Anagram delivers a full-service CRO model to its customers including diagnostic imaging core lab (centralized quality control and central assessment of images in clinical trials) services. The company is focused on cardiology, oncology and neurology therapeutic areas. It conducts studies in the United States, United Kingdom, Spain, Netherlands, France, Germany and more. Avania is a CRO with specialized... Read More »
PeaceHealth Adds 4 Clark County-Based Providence Clinic Sites

PeaceHealth Adds 4 Clark County-Based Providence Clinic Sites

by | Oct 4, 2024 12:48 pm | Other Services

PeaceHealth and Providence Medical Group have announced that they have entered into a definitive agreement that will result in PeaceHealth acquiring four health clinics from Providence. Pending the standard regulatory review processes, the clinics will transfer to PeaceHealth. The clinics are located in Vancouver, Washington in Clark County. The four clinic sites employ approximately 100 staff, including physicians, nurse practitioners, registered nurses, medical assistants, clinical care coordinators and patient service specialists. Across the sites, services provided include primary care, walk-in care and outpatient rehabilitation services. Providence is a not-for-profit, Portland,... Read More »
Spectra Medical Devices Acquires XL Precision Technologies 

Spectra Medical Devices Acquires XL Precision Technologies 

by | Sep 30, 2024 2:57 pm | CDMO

Spectra Medical Devices, a portfolio company of private equity firm QHP Capital, announced on September 30 that it entered into an agreement to acquire XL Precision Technologies.  XL Precision Technologies is a contract development and manufacturing organization (CDMO) specializing in the manufacture of precision micro-components, complex tubular components and sub-assemblies for the medical device industry. It is based in Stockton-on-Tees, England.  Spectra Medical Devices is one of the world’s leading manufacturers of made-to-spec procedural needles. Spectra is a CDMO to industry-leading, multi-national healthcare companies, global original equipment manufacturers and... Read More »