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United Surgical Partners Acquires BASS Surgery Center 

United Surgical Partners Acquires BASS Surgery Center 

by | May 23, 2024 3:28 pm | Other Services

Merritt Healthcare Advisors announced on May 23 that it acted as an advisor on the acquisition of Bay Area Surgical Specialist Services, LLC by United Surgical Partners International (USP). The financial terms of the transaction were not disclosed.  Founded in 2016, Bay Area Surgical Specialist Services (doing business as BASS Surgery Center) is a 9,700-square-foot multi-specialty ambulatory surgery center (ASC) with four operating rooms in Walnut Creek, California. It also has more than 30 physician partners.  USP is an operator of outpatient surgery centers. It is a Delaware corporation licensed to do business in Texas. Founded in 1998, it operates more than 535 surgical... Read More »
Sila Realty Trust Acquires Reading, PA Medical Outpatient Building

Sila Realty Trust Acquires Reading, PA Medical Outpatient Building

by | May 22, 2024 3:11 pm | Medical Office Buildings, Other Services

Sila Realty Trust, Inc. announced on May 22 the acquisition of a medical outpatient building (MOB) located in Reading, Pennsylvania for $10.5 million.  The two-story, 30,000-square-foot MOB was constructed in 2020 and serves as the outpatient treatment center for former patients of the adjacent inpatient behavioral facility, as well as other patients that only require outpatient care. The purpose-built facility is positioned on the campus of the 144-bed Tower Behavioral Health facility, also constructed in 2020. The MOB is fully leased to Reading Behavioral Healthcare, a joint venture between Acadia Healthcare and Tower Health.  Sila Realty Trust is a public, non-traded real estate... Read More »
Dalrada Financial Corporation Healthcare Subsidiary Genefic Acquires IV Services

Dalrada Financial Corporation Healthcare Subsidiary Genefic Acquires IV Services

by | May 22, 2024 3:07 pm | Other Services

Dalrada Financial Corporation announced on May 21 that its wholly-owned healthcare subsidiary, Genefic, Inc., has acquired IV Services, LLC for an undisclosed price. IV Services is a pharmaceutical business and infusion management leader with full pharmacy licenses in Louisiana and Mississippi. Genefic delivers modern systems and specialty pharmacy solutions for better care and a better patient experience. Genefic’s pharmacy solution, Genefic Specialty Pharmacy, offers more than 30 years of dedicated expertise in providing patient advocacy through end-to-end prescription services, medical education and patient advocacy and support. The acquisition of IV Services expands Genefic’s existing... Read More »
A Conversation With Cushman & Wakefield

A Conversation With Cushman & Wakefield

by | May 20, 2024 4:05 pm | Other Services

The editorial team at LevinPro HC attended BOMA International’s Medical Real Estate Conference last week and sat down with Lorie Damon, who leads the healthcare advisory practice at Cushman & Wakefield. Below is the Q&A of the conversation covering the medical real estate market. Q: Can you provide a short background of you and the healthcare team at Cushman & Wakefield? A: I lead the healthcare advisory practice at Cushman & Wakefield, comprised of more than 300 experts across our various service lines and real estate disciplines, including brokerage, capital markets, property management, project management and valuations. Q: How would you rate/summarize the medical real... Read More »
Sila Realty Trust Acquires Reading, PA Medical Outpatient Building

Montecito Acquires Northern Utah Orthopedic Medical Office Portfolio

by | May 17, 2024 9:57 am | Medical Office Buildings, Other Services

Montecito Medical Real Estate, a leading acquirer of medical office properties nationwide, announced on May 16 its acquisition of a three-building portfolio in Northern Utah. The medical outpatient buildings (MOBs), which encompass a combined total of 48,527 square feet, are anchored and 100% occupied by Alpine Orthopaedic Specialists, a dominant specialty provider with 11 physicians and four locations across a service area that extends into Southern Idaho. The properties are situated in Logan, North Logan and Brigham City, Utah, respectively. The property in Logan includes an ambulatory surgery center. Montecito Medical specializes in healthcare-related real estate acquisitions and... Read More »
PromptCare Acquires Coastal Infusion Services 

PromptCare Acquires Coastal Infusion Services 

by | May 7, 2024 3:26 pm | Other Services, Private Equity

On April 6, PromptCare, a portfolio company of The Halifax Group, announced that it was expanding its infusion services with the acquisition of Coastal Infusion Services. According to data captured in the LevinPro HC database, this acquisition marks the third infusion services transaction of 2024.   Coastal Infusion Services provides at-home and alternate-site infusion services throughout the southern United States. It also cares for patients at six ambulatory infusion suites. It was founded in 2017 and is based in Baton Rouge, Louisiana.   PromptCare provides specialty respiratory products and infusion therapy services. Established in 1985 and headquartered in New... Read More »