Eisenhower Health Purchases Neuro Vitality Center

Eisenhower Health Purchases Neuro Vitality Center

Rancho Mirage, California-based Eisenhower Health announced that it has purchased the Neuro Vitality Center in California. Neuro Vitality Center, formerly the Stroke Recovery Center, is a medical clinic that has served neurologically challenged and chronically ill patients in the Palm Springs, California community since 1978. In partnership with Los Angeles Jewish Health, Eisenhower will provide a Program of All-Inclusive Care for the Elderly (PACE) at the former Neuro Vitality Center location. Eisenhower Health is a not-for-profit, comprehensive healthcare institution that includes the 437-bed Eisenhower Hospital, the Barbara Sinatra Children’s Center at Eisenhower and the Annenberg... Read More »
Eisenhower Health Purchases Neuro Vitality Center

Why Invest in the Health Clinic Market

We sat down and spoke with industry expert Andre Ulloa, Partner and Executive Advisor of M&A Healthcare Advisors, to discuss the key considerations investors should know before investing in the health clinic market. Ulloa sheds light on the factors driving the recent surge in health clinic investment, and what’s to come for this booming market. What is a Health Clinic?  A health clinic, also called a walk-in clinic, is a convenient option for immediate, non-emergency medical care. These types of clinics can treat a wide range of conditions, such as the flu, strep throat, small cuts and skin infections. They can also provide services like physical exams, immunizations and similar... Read More »
TriasMD Purchases Thousand Oaks Surgery Center

TriasMD Purchases Thousand Oaks Surgery Center

Newport Beach, California-based TriasMD has announced its acquisition of Thousand Oaks Surgery Center.  Thousand Oaks Surgery Center is an AAAHC-accredited, Medicare-certified ambulatory surgery center (ASC) In Thousand Oaks, California. The facility features four operating rooms, five private pre-op rooms, 11 recovery bays and two overnight suites for patients staying 23 hours or less.  TriasMD is a musculoskeletal management company. Using the data-driven model created by its subsidiary, DISC Surgery Center, TriasMD positions facilities to thrive, building a clinically integrated network of providers and monitoring the network’s quality.  The strategic acquisition... Read More »
Montecito Medical Acquires MOB Portfolio in Wisconsin

Montecito Medical Acquires MOB Portfolio in Wisconsin

Montecito Medical Real Estate announced on March 19 that it has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties encompass a total of 92,573 square feet. The medical office building (MOB) portfolio is 100% occupied by Advocate Aurora Health, the third-largest nonprofit, integrated health system in the United States, operating more than 65 hospitals and 1,000 care sites. Providers at both properties deliver a wide range of health services. One of the buildings includes an ambulatory surgery center with six operating rooms and MRI/CT imaging. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since... Read More »
TriasMD Purchases Thousand Oaks Surgery Center

NewStreet Properties Acquires East Mesa ASC 

NewStreet Properties, based in Omaha, Nebraska, announced on March 20 that it acquired an ambulatory surgery center (ASC) in East Mesa, Arizona. The property is located next to Banner Baywood Medical Center and was built in 2002.  NewStreet Properties is a real estate investment firm. According to its website, as of March 2024, it owns more than 2.8 million commercial square feet and has more than $1 billion assets under management.  The original press release notes that New Street Properties has plans to expand the property by building a 5,214-square-foot addition to the current ASC. The financial terms of the transaction were not disclosed.  According to data captured in... Read More »
Kroger Sells Specialty Pharmacy Business to CarelonRx

Kroger Sells Specialty Pharmacy Business to CarelonRx

Kroger, a Cincinnati-based supermarket chain, announced on March 19 the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Indianapolis-based health insurer Elevance Health. Kroger’s specialty pharmacy serves patients with chronic illnesses that require complex care. Those illnesses include rheumatoid arthritis, growth hormone deficiencies, multiple sclerosis and bleeding disorders. Patients and prescribers work with skilled clinicians and access therapy programs through the specialty pharmacy to gain education, resources and counseling. Patients can also get help with side-effect management, financial assistance and personalized care. Kroger has owned the specialty... Read More »