WELL Health Expands Canadian Clinic Network with Shoppers Drug Mart’s Health Clinics
WELL Health Clinic Network Inc., a subsidiary of WELL Health Technologies Corp., announced that it has entered into an agreement with Shoppers Drug Mart Inc. to acquire all of the primary care medical clinics operated by Shoppers under the name The Health Clinic by Shoppers™. Post-close, WELL will rebrand these clinics under the WELL Clinic brand. The Health Clinic by Shoppers™ comprises 10 clinics across Canada (four in British Columbia and six in Ontario), with more than 35 physicians on staff. WELL expects the assets to contribute approximately $8 million in annual revenue, according to the original deal press release published on PR Newswire on April 16, 2024. WELL Health Clinic... Read More »
Insider’s Insight: Analyzing MOB Market Trends with Mindy Berman of JLL Capital Markets
Despite a recent uptick in M&A activity in Q1:24, the medical office building (MOB) market remains in flux. To understand the underlying dynamics, we spoke with industry expert Mindy Berman, Senior Managing Director in the Healthcare Capital Markets Group at JLL, a leading global commercial real estate and investment management company. JLL is the top capital markets intermediary in both the United States and globally, as well as the leading MOB broker in the United States. Between 2017 and 2022, JLL advised on 35% of all medical office sales, amounting to more than $7 billion in disclosed prices. The company has remained active since then, with 26 transactions announced during 2023,... Read More »
PE-Backed ExperCARE Purchases MedCenter Urgent Care
ExperCARE, a partner company of private equity firm Seven Hills Capital, announced that it has purchased MedCenter Urgent Care. MedCenter Urgent Care is a premier urgent care and family medicine provider headquartered in North Port, Alabama, with additional locations throughout greater Tuscaloosa. ExperCARE is a Savannah, Georgia-based provider of urgent care and occupational health services. The partnership marks a significant expansion for ExperCARE, extending its geographic reach and reinforcing its dedication to high-quality, patient-centered care across West and Central Alabama. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC... Read More »
Alcanza Clinical Research Acquires Innovation Medical Research Center
Methuen, Massachusetts-based Alcanza Clinical Research announced on April 9 its acquisition of Innovation Medical Research Center, a multi-specialty clinical research center in Palmetto Bay, Florida. Innovation conducts Phase I to Phase IV clinical trials in key therapeutic areas such as cardiology, dermatology, endocrinology, gastroenterology, infectious disease, internal medicine, nephrology, neurology, psychiatry, rheumatology and women’s health. Alcanza Clinical Research is a network of research facilities focused on bringing clinical trial opportunities involving life-changing treatments and vaccines to all patients, especially those from underrepresented... Read More »
Warburg Pincus invests in South Texas Accelerated Research Therapeutics
Warburg Pincus announced that it has secured a majority interest in South Texas Accelerated Research Therapeutics (START). START directs clinical trials of novel anticancer agents. START’s head office is located in San Antonio, Texas, in the heart of the South Texas Medical Center. With centers located in the United States, Spain and China, START conducts the world’s largest Phase I medical oncology program – putting more than 400 patients per year on Phase I trials. Warburg Pincus is a global private equity firm focused on growth investing. Founded in 1966, Warburg Pincus has raised 20 private equity and two real estate funds. It is headquartered in New York with offices across the United... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
