CBRE Announces Closing of Irving, Texas MOB

CBRE Announces Closing of Irving, Texas MOB

CBRE Group, Inc.’s U.S. Healthcare Capital Markets announced the closing of Baylor Irving MOB III, a medical office building (MOB) in Irving, Texas. Irving Hospital Authority is listed as the acquirer in the deal, and Madison Marquette is the seller.  The property is a Class A, 54,941-square-foot medical outpatient MOB positioned on the campus of the 293-bed Baylor Scott & White Medical Center – Irving, an acute care hospital. The recently developed property is currently 68% occupied by five tenants including an investment grade-credit health system, regional physician groups and private practices. Approximately 22% of the property is leased to HealthTexas Resource Network, a... Read More »
Sentrex Health Solutions Expands Services with Acquisition of PerCuro Clinical Research

Sentrex Health Solutions Expands Services with Acquisition of PerCuro Clinical Research

Sentrex Health Solutions announced the acquisition of PerCuro Clinical Research, a full-service specialty pharmacy and healthcare services provider based in Victoria, Canada.  PerCuro Clinical Research provides infusion services, clinical research and advanced nursing care. The company treats patients across several therapeutic areas, including inflammatory bowel disease, liver disease, neurology, dermatology and rare diseases. Established in 2003, PerCuro partners with healthcare providers on Vancouver Island, bringing healthcare services closer to physicians and patients.  Sentrex Health Solutions Inc. is a Canadian healthcare company based in Markham, Ontario. The company... Read More »
Novo Holdings Acquires Catalent for $16.5 Billion

Novo Holdings Acquires Catalent for $16.5 Billion

Novo Holdings A/S announced that it will acquire Catalent, Inc. in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis. The purchase price represents a premium of 16.5% to the closing price of Catalent’s common stock as of February 2, 2024, the last trading day prior to the announcement, and a 47.5% premium to the 60-day volume-weighted average price as of February 2, 2024.  Catalent is a contract development and manufacturing organization (CDMO) partner for personalized medicines, blockbuster drugs and consumer health brand extensions. The company was formed in April 2007 when affiliates of the Blackstone Group acquired the core of the... Read More »
Arlington Capital Partners Announces Majority Investment in Afton Scientific

Arlington Capital Partners Announces Majority Investment in Afton Scientific

Arlington Capital Partners has announced a majority investment in Afton Scientific, a contract, development and manufacturing organization (CDMO) dedicated to sterile manufacturing of injectable pharmaceuticals. According to data captured in the LevinPro HC database, this acquisition marks the third CDMO transaction of the year. There were 21 CDMO transactions announced during 2023, and 39 during 2022. Based in Charlottesville, Virginia, Afton Scientific specializes in sterile injectable drug manufacturing as well as providing pre-sterilized vials and kits. The company performs aseptic fill-finish for products ranging from pre-clinical through commercial-scale manufacturing across various... Read More »
Flagship Healthcare Trust Acquires Mechanicsville, VA MOB

Flagship Healthcare Trust Acquires Mechanicsville, VA MOB

Flagship Healthcare Trust, which is managed and owned by Flagship Healthcare Properties, is acquiring a 15,000-square-foot medical office building (MOB) in Mechanicsville, Virginia for $5.4 million, according to county records.  Built in 2014, the building is fully leased by Richmond Pediatric Associates and Richmond Pediatric Dentistry & Orthodontics. The property was most recently assessed at $4.2 million.  Flagship Healthcare Trust is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship holds interests in 90 healthcare properties valued at more than $850 million. Flagship’s portfolio includes more than 2.3 million... Read More »
Flagship Healthcare Trust Acquires Mechanicsville, VA MOB

Premier Health Sells Women’s Health Building in Mason, Ohio

Premier Health announced on January 24 that it has sold the medical office building (MOB) housing Center for Women’s Health and Wellness in Mason, Ohio. The 47,303-square-foot MOB is trading for $4.2 million. Premier Health has plans to relocate following the sale. Premier Health offers five inpatient hospital campuses, eight emergency centers, eight urgent care locations and more than 130 outpatient locations, affiliated primary care and specialty physician offices that provide services across the southwest Ohio region. Center for Women’s Health and Wellness has five employees and will not cut jobs or services once it moves locations. There is currently no firm date or... Read More »