Concentra Announces Agreement to Acquire Nova Medical Centers for $265 Million
Concentra Group Holdings Parent, Inc. announced that it has signed an agreement to acquire U.S. Occmed Holdings, doing business as Nova Medical Centers. The transaction values Nova Medical Centers at $265 million and is expected to close in the first quarter of 2025. Nova Medical Centers is an occupational health services company based in Houston, Texas. The company operates 67 centers in Texas, Georgia, Tennessee, Indiana and Wisconsin providing workers’ compensation injury care services, physical therapy, drug and alcohol screening and pre-employment physicals as part of its full suite of occupational health services. Concentra is a leading healthcare company focused on improving the... Read More »
Montecito Medical Acquires Urology-Focused MOB in Stockbridge, GA
Montecito Medical Real Estate, based in Nashville, Tennessee, announced that it has expanded its presence in Georgia with the purchase of a 32,853-square-foot medical outpatient building (MOB) in Stockbridge, Georgia, a southeast suburb of Atlanta. The recently opened MOB, which includes an ambulatory surgery center with two operating rooms, is 100% occupied by Urology of Greater Atlanta. Urology of Greater Atlanta is a market-dominant provider in its specialty and one of only three private urology practices in the Atlanta area with more than 10 physicians. The group operates five other locations throughout the Atlanta area. Montecito Medical specializes in healthcare-related real estate... Read More »
Tanvex BioPharma Completes Acquisition of CDMO Bora Biologics
Tanvex BioPharma, Inc. has announced the successful completion of its acquisition of Bora Biologics, based in Taiwan. Bora Biologics is a subsidiary of Bora Pharmaceuticals, a premier international contract development and manufacturing organization (CDMO) specializing in complex oral solid dose, liquids, semi-solids and nasal sprays for pharmaceutical Rx and OTC products. Bora Biologics provides end-to-end and tailored development and manufacturing services to biologics developers. Tanvex BioPharma, Inc. is a CDMO for biologics and a biosimilars products company. The company was founded in 2011 and is headquartered in Taiwan and San Diego, California. Following this acquisition,... Read More »
Optima Health Expands Occupational Health Services With BHSF Occupational Health Deal
Optima Health announced on January 16 that it has acquired BHSF Occupational Health for £1.4 million (approximately $1.7 million USD). The acquisition will expand Optima’s customer base and add 60 occupational health clinicians to its team. BHSF Occupational Health is a United Kingdom-based company specializing in preventing work-related illnesses and injuries, safeguarding workers from occupational hazards and promoting overall workplace health and safety. According to the original deal press release from January 16, the business generated £8.3 million (approximately $10.1 million USD) in revenue, £3 million (nearly $3.7 million USD) in gross profit and a pre-tax loss of £400,000... Read More »
Montecito Medical Real Estate Acquires Roseville, California Medical Outpatient Building
Montecito Medical Real Estate, based in Nashville, Tennessee, announced that it has expanded its presence in California with the purchase of a Roseville, California medical outpatient building (MOB) for $9.2 million. The 25,000-square-foot MOB is fully leased to Sutter Health. The purchase price is roughly $368 per square foot. The facility was previously leased to UC Davis Medical Group, but Sutter plans to fully occupy the space in the first quarter of 2025. The building last sold in 2008 for $7.6 million. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $5 billion in... Read More »Schedule a demo
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