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Walgreens to Reduce Stake in VillageMD
Walgreens Boots Alliance Inc. announced its plan to reduce its majority stake in the primary care provider VillageMD, marking a strategic pivot in its healthcare services approach. This decision, revealed during the company’s third-quarter earnings call on June 27, 2024, comes after significant investments and expansions in the healthcare sector over recent years. In a statement, CEO Tim Wentworth emphasized that while Walgreens remains committed to VillageMD, it will no longer hold the majority ownership. “We believe in the future of these businesses and intend to remain an investor and partner,” Wentworth stated. “But as part of our persistent focus on value creation... Read More »
Sendero Capital & TPG Angelo Gordon acquire Wellesley, MA Medical Outpatient Building
Sendero Capital and TPG Angelo Gordon announced a joint venture to acquire a Wellesley, Massachusetts medical outpatient building (MOB) for $24.3 million. Newmark arranged the transaction. The building, anchored by Mass General Brigham and Tufts Medicine, spans 67,264 square feet and serves various medical specialties. The price is approximately $361 per square foot. Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston, Massachusetts. The principals of the firm have decades of experience investing in, developing and managing large portfolios of real estate across the United States, including millions of square feet in... Read More »
Miami Lakes Medical Outpatient Building Sold to Private Buyer
On June 16, it was announced that a Miami Lakes, Florida medical outpatient building (MOB) was sold to a private buyer. The buyer was Kester Nedd, MD. The MOB is a three-story, 52,122-square-foot facility whose tenants are a variety of healthcare providers. The price is approximately $288 per square foot. The original press release disclosed that there is currently 9,075 square feet of space available for lease in the building. According to data captured in the LevinPro HC database, this transaction marks the 93rd MOB acquisition of 2024. Additionally, this is the 16th MOB in Florida to be acquired this year. Read More »
NMS Capital-Backed Flourish Research Partners With ENCORE Research Group
NMS Capital portfolio company Flourish Research announced that it has partnered with ENCORE Research Group, headquartered in Fleming Island, Florida. ENCORE Research Group is a clinical research organization with eight locations across Northern Florida. Since its inception in 1997, ENCORE has conducted more than 3,200 clinical trials across more than 50 therapeutic areas. ENCORE has expertise across multiple therapeutic areas including cardiology, metabolic, neuroscience, gastroenterology, orthopedics, autoimmune, pediatrics, early phase and infectious disease. Based in New York City, Flourish Research is a fully integrated clinical trial organization in North America. The company has... Read More »
Sacramento, California Medical Outpatient Building Sold
On June 26 Colliers U.S. Healthcare Capital Markets announced the closing of a healthcare real estate property. The financial terms of the transaction were not disclosed. The property is a 103,652-square-foot, medical outpatient building (MOB) and ambulatory surgery center (ASC) in Sacramento, California. It is 88% occupied by Sutter Health providing health care services that include family medicine, internal medicine, bariatrics and PT/ST/OT, along with specialty suites that include an urgent care clinic, on-site laboratory, infusion clinic and an ambulatory surgery center. According to data captured in the LevinPro HC database, there have been 92 MOB transactions since... Read More »Schedule a demo
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