Pinehurst Medical Expands in Sanford, North Carolina With Facility Acquisition
Pinehurst Medical Clinic purchased a medical office building (MOB) in Sanford, North Carolina for $1.895 million, according to a deed filed on April 21. The transaction expands Pinehurst Medical Clinic’s presence in Sanford, North Carolina. Nichole Etowski, director of business development for Pinehurst Medical Clinic, said the company will continue to provide cardiology and dermatology services at the Sanford MOB and will eventually relocate cardiology services from another facility in Sanford. Based in Pinehurst, North Carolina, Pinehurst Medical Clinic provides primary and specialty care to Moore County, North Carolina and surrounding areas. Founded in 1952, the company has more... Read More »
On Site Medical Acquires Tucson-Based 10-4 Medical
On Site Medical announced on April 25 its acquisition of 10-4 Medical, a healthcare provider based in Tucson, Arizona. During the transition, services for patients will continue without interruption. Patients will also have access to new services, including 24-7, on-site dispatched care, on-site training and education and on-demand telehealth. Financial terms of the deal were not disclosed. 10-4 Medical offers comprehensive occupational care, primary care, screenings and mental health services for first responders. On Site Medical is an Arizona-based provider of on-site occupational healthcare solutions including rapid response first aid for workplace injuries, on-site clinics for... Read More »
Stonemont Financial Group Acquires Two Oncology Centers
Stonemont Financial Group announced it closed on the acquisition of two oncology centers in Greensboro and Hawkinsville, Georgia. Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year. Terms of the deal were not disclosed. The two properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital... Read More »
Four Corners Property Trust Acquires a HCA Emergency Room property for $4.6 million
Four Corners Property Trust (FCPT) announced on April 20 the acquisition of a HCA Emergency Room property for $4.6 million. The property is located in a strong retail corridor in Texas and is occupied under a long-term, net lease with approximately nine years of term remaining. The transaction was priced at a 6.8% cap exclusive of transaction costs. FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. This marks... Read More »