Insider’s Insight: Analyzing MOB Market Trends with Mindy Berman of JLL Capital Markets

Insider’s Insight: Analyzing MOB Market Trends with Mindy Berman of JLL Capital Markets

Despite a recent uptick in M&A activity in Q1:24, the medical office building (MOB) market remains in flux. To understand the underlying dynamics, we spoke with industry expert Mindy Berman, Senior Managing Director in the Healthcare Capital Markets Group at JLL, a leading global commercial real estate and investment management company. JLL is the top capital markets intermediary in both the United States and globally, as well as the leading MOB broker in the United States. Between 2017 and 2022, JLL advised on 35% of all medical office sales, amounting to more than $7 billion in disclosed prices. The company has remained active since then, with 26 transactions announced during 2023,... Read More »
PE-Backed ExperCARE Purchases MedCenter Urgent Care

PE-Backed ExperCARE Purchases MedCenter Urgent Care

ExperCARE, a partner company of private equity firm Seven Hills Capital, announced that it has purchased MedCenter Urgent Care. MedCenter Urgent Care is a premier urgent care and family medicine provider headquartered in North Port, Alabama, with additional locations throughout greater Tuscaloosa. ExperCARE is a Savannah, Georgia-based provider of urgent care and occupational health services.  The partnership marks a significant expansion for ExperCARE, extending its geographic reach and reinforcing its dedication to high-quality, patient-centered care across West and Central Alabama. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC... Read More »
Alcanza Clinical Research Acquires Innovation Medical Research Center

Alcanza Clinical Research Acquires Innovation Medical Research Center

Methuen, Massachusetts-based Alcanza Clinical Research announced on April 9 its acquisition of Innovation Medical Research Center, a multi-specialty clinical research center in Palmetto Bay, Florida.  Innovation conducts Phase I to Phase IV clinical trials in key therapeutic areas such as cardiology, dermatology, endocrinology, gastroenterology, infectious disease, internal medicine, nephrology, neurology, psychiatry, rheumatology and women’s health.  Alcanza Clinical Research is a network of research facilities focused on bringing clinical trial opportunities involving life-changing treatments and vaccines to all patients, especially those from underrepresented... Read More »
Warburg Pincus invests in South Texas Accelerated Research Therapeutics

Warburg Pincus invests in South Texas Accelerated Research Therapeutics

Warburg Pincus announced that it has secured a majority interest in South Texas Accelerated Research Therapeutics (START). START directs clinical trials of novel anticancer agents. START’s head office is located in San Antonio, Texas, in the heart of the South Texas Medical Center. With centers located in the United States, Spain and China, START conducts the world’s largest Phase I medical oncology program – putting more than 400 patients per year on Phase I trials. Warburg Pincus is a global private equity firm focused on growth investing. Founded in 1966, Warburg Pincus has raised 20 private equity and two real estate funds. It is headquartered in New York with offices across the United... Read More »
Eye Physicians of Libertyville Acquires Northern Illinois Eye Clinic

Eye Physicians of Libertyville Acquires Northern Illinois Eye Clinic

According to a April 1 press release, Eye Physicians of Libertyville has acquired Northern Illinois Eye Clinic. Effective March 28, 2024, Eye Physicians of Libertyville doctors have assumed care for Northern Illinois Eye Clinic patients. Financial terms of the deal were not disclosed.  Northern Illinois Eye Clinic is a specialty ophthalmology clinic located in Mundelein, Illinois, serving Long Grove, Lake Zurich, Vernon Hills, Wauconda, Grayslake and Libertyville, Illinois.  Eye Physicians of Libertyville is a state-of-the-art ophthalmology clinic established in 1993. According to its website, the practice has two providers on staff.  According to data captured in the... Read More »
Kaiser Permanente Buys ASC in Lancaster, California

Kaiser Permanente Buys ASC in Lancaster, California

Oakland, California-based Kaiser Permanente announced that it has acquired its first ambulatory surgery center (ASC) in southern California. The ASC, Antelope Valley Surgery Center, is a multispecialty outpatient center in Lancaster, California. The 12,500-square-foot ASC provides services including general surgery, gynecological cases, eye surgery, head and neck, podiatry, orthopedic and plastic surgery. It was originally opened more than 20 years ago and was most recently operated by SCA Health. Kaiser Permanente is among the country’s largest not-for-profit health systems with 39 hospitals. Its operations span eight states coast to coast with roughly 13 million members who receive care... Read More »