Breakthrough Properties Acquires Callan Ridge
On January 10 it was announced that Breakthrough Properties, a joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, was purchasing Callan Ridge, a life science campus in San Diego. Callan Ridge is a two-building Class-A life science campus nearing completion in San Diego’s preeminent Torrey Pines cluster. The 185,000-square-foot campus is fully leased to Turning Point Therapeutics, Inc., a subsidiary of Bristol-Myers Squibb. It was built in 2021 by Healthpeak Properties, which acted as the seller in this transaction. Breakthrough Properties is a life science real estate development company that leverages cross-sector... Read More »
Clarest Health Acquires Remedi SeniorCare
Clarest Health, a leading personalized medication management provider, announced that it has acquired Remedi SeniorCare, giving Clarest the size and scale to lead the post-acute care market. The U.S. market for pharmacy care for the post-acute patient population is $5.7 billion, and the U.S. Rx fill market for medically complex patients is $115 billion, according to interviews, research and analysis from L.E.K. Financial terms of the deal were not disclosed. Headquartered in Towson, Maryland, Remedi SeniorCare is a long-term and post-acute care pharmacy services provider. Renowned for its long-term care pharmacy services and proprietary medication management system PAXIT® and its... Read More »
Orbvest Acquires West Palm Beach MOB
Colliers International announced that it brokered the sale of a medical office building (MOB) in West Palm Beach, Florida for $8.3 million. Colliers International represented Triple Double Real Estate, the seller. The building is situated within walking distance of the HCA Florida JFK North Hospital. According to county records, the building is 43,797 square feet. The price is approximately $190 per-square-foot. OrbVest is a global real estate company that invests in medical commercial real estate in the United States. OrbVest has a portfolio of more than 1.4 million square feet representing approximately $400 million of specialized medical real estate under management. ... Read More »
Sterling Check Acquires Vault Workforce Screening
Sterling Check Corp. announced that it was entering an agreement to acquire Vault Workforce Screening for an undisclosed price. Vault Workforce Screening is a leading U.S. clinic management platform with a network of 17,000 clinics. Vault Workforce Screening provides background screening, drug testing and occupational healthcare solutions. Vault’s proprietary service model includes Medical Review Officer services and emergency/after-hours scheduling. Sterling Check is a leading provider of background and identity services, offering background and identity verification to help more than 50,000 clients. The company has a robust offering of occupational health screening services.... Read More »
Big Sky Medical Acquires First MOB in Phoenix Market
Big Sky Medical has entered the Phoenix, Arizona market with the purchase of the 252,000-square-foot Blackhawk Medical Center. ViaWest Group sold the three-building medical and office campus for $46 million, according to Maricopa County records. Blackhawk Medical Center previously changed hands in 2018, when ViaWest purchased it from Cohen Asset Management for $33.8 million. Completed between 1997 and 1998, the campus comprises Blackhawk Center I, a 138,450-square-foot, Class B office building, alongside Blackhawk Center II and III, which total 113,810 square feet and include medical office space. Big Sky Medical is a national real estate investment management firm that invests... Read More »Schedule a demo
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