Eximia Research Acquires Tidewater Clinical Research
On July 31, Eximia Research announced that it acquired Tidewater Clinical Research, a contract research organization (CRO) that is based in Norfolk, Virginia. Since 1994, Tidewater Clinical Research has been at the forefront of women’s health research in the Hampton Roads/Eastern Virginia region. With a substantial patient database and a strong network of investigators, Tidewater has conducted numerous clinical trials that have significantly advanced medical knowledge and patient care. Eximia is a multi-site, multi-therapeutic, clinical research site network serving pharmaceutical, biotech companies and CROs and providing Phase I-IV research services across a diverse... Read More »
TowerBrook Capital Partners and Clayton, Dubilier & Rice Acquire R1 RCM for $8.9 Billion
On August 1, TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R) announced that they entered into an agreement to acquire R1 RCM Inc. for $8.9 billion. R1 RCM Inc. is a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers. The revenue cycle management (RCM) company operates models seamlessly to complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash while driving revenue yield, reducing operating costs and enhancing the patient experience. With offices in London and New York, TowerBrook is a private... Read More »
Värde Partners and Unity Medical Properties Acquire Florida ASC for $14.5 Million
Värde Partners and Unity Medical Properties announce a joint venture to acquire an ambulatory surgery center (ASC) in Palm Beach Gardens, Florida. The price is $14.5 million. The ASC’s tenant is Laser and Surgery Center of the Palm Beaches. It is a single-story building that sits on 1.9-acres of land. Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. It was founded in 1993 and the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Unity Medical Properties is a real estate investment firm. Nothing else was disclosed. This is... Read More »
TheraEx Staffing Merges With SVC Group
TheraEx Staffing is merging with SVC Group in a deal that closed in June, the companies announced in a July 26 press release. Based in Concord, California, TheraEx Staffing provides travel nursing and allied healthcare professionals on a per diem and travel basis. It also began a locum tenens business two years ago, and growth of this division is a primary focus. Staffing Venture Capital, also called SVC Group, provides best-in-class talent in the recruitment industry. SVC is based in Nevada and owned by the Fante family. Both companies will merge expertise and resources to create a more comprehensive entity. Both firms are retaining their distinct entities and operational structures.... Read More »
Ira Capital & Oaktree Acquire 12-Property Medical Outpatient Portfolio Spanning 600,000 Square Feet
IRA Capital, one of the leading private buyers of healthcare real estate in the United States, announced on July 31 the acquisition of twelve Class-A medical outpatient buildings (MOBs) through a newly established partnership with funds managed by Oaktree Capital Management, L.P. The acquired MOBs span 600,000 square feet and involve properties from two separate institutional sellers and feature a mix of single and multi-tenant MOBs situated in prime medical corridors across California, Texas, Florida and Oregon. The portfolio is anchored by prominent health systems and leading medical providers, including UC Davis Health, Palomar Health, UCLA, CommonSpirit, Ascension, McKesson and SCA... Read More »Schedule a demo
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