Montecito Medical Acquires Two MOBs in Minnesota
Montecito Medical Real Estate announced on March 12 that it has purchased two medical office buildings (MOBs) in Minnesota, marking its third transaction of the year. The two MOBs, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and Apple Valley, Minnesota in the Minneapolis–Saint Paul MSA. Both are 100% occupied by Minnesota Women’s Care. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. The acquisition of the MOB expands Montecito Medical’s presence in the... Read More »
Fortrea Divests Assets to Arsenal Capital Partners for $345 Million
Fortrea, a Durham, North Carolina-based global contract research organization (CRO), is divesting certain assets to Arsenal Capital Partners for $345 million. The assets being divested relate to Fortrea’s Enabling Services segment, including the businesses Endpoint Clinical and Fortrea Patient Access. In 2023, Fortrea generated revenues of about $3.11 billion compared to about $3.1 billion the previous year, according to the original press release. Arsenal is a New York, New York-based private equity firm that specializes in investments in healthcare and industrial growth companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of more... Read More »
Sutter Health Acquires 5 Radiation Oncology Centers
Sutter Health announced on March 1 that it was purchasing five radiation oncology centers from GenesisCare, a cancer care services provider. The centers are in Modesto, San Luis Obispo, Santa Cruz, Stockton and Templeton, California. Sutter Health’s networks spans more than 20 counties across northern California. It operates 24 hospitals (4,321 acute care beds), 34 outpatient surgery centers and myriad cardiac, cancer, rehabilitation, behavioral health and other centers. The acquired centers will benefit from Sutter Health’s practices, additional cancer resources and technologies. Many GenesisCare team members at the centers will be joining Sutter Health. Sutter has... Read More »
Montecito Medical Acquires MOB in Peoria, Illinois
Montecito Medical Real Estate announced that it has acquired a 16,000-square-foot medical office building (MOB) in Peoria, Illinois. The building is 100% occupied under a long-term lease by Springfield Clinic, a leading health provider in north central Illinois. The building includes an OB/GYN clinic, 26 exam rooms, two ultrasound rooms, a procedure room and a designated lab space. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. “We are thrilled to expand our medical real estate footprint in Illinois, and... Read More »
Ketamine Wellness Clinic of Orange County Acquires Mind Space Ketamine Infusion Clinic
Ketamine Wellness Clinic of Orange County announced on February 28 that it acquired Mind Space Ketamine Infusion Clinic. The services of Mind Space will be integrated into the operations of Ketamine Wellness Clinic of Orange County, consolidating resources to enhance and expand patient care in Laguna Beach and greater Orange County. Headquartered in Newport Beach, California, Mind Space Ketamine Infusion Clinic offers ketamine therapy as an effective treatment for conditions such as depression, anxiety, chronic pain and more. Ketamine Wellness Clinic of Orange County, headquartered in Laguna Beach, California, is a premier provider of ketamine infusion therapy. The company offers... Read More »Schedule a demo
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