Flagship Healthcare Trust Acquires Mechanicsville, VA MOB

Flagship Healthcare Trust Acquires Mechanicsville, VA MOB

Flagship Healthcare Trust, which is managed and owned by Flagship Healthcare Properties, is acquiring a 15,000-square-foot medical office building (MOB) in Mechanicsville, Virginia for $5.4 million, according to county records.  Built in 2014, the building is fully leased by Richmond Pediatric Associates and Richmond Pediatric Dentistry & Orthodontics. The property was most recently assessed at $4.2 million.  Flagship Healthcare Trust is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship holds interests in 90 healthcare properties valued at more than $850 million. Flagship’s portfolio includes more than 2.3 million... Read More »
Flagship Healthcare Trust Acquires Mechanicsville, VA MOB

Premier Health Sells Women’s Health Building in Mason, Ohio

Premier Health announced on January 24 that it has sold the medical office building (MOB) housing Center for Women’s Health and Wellness in Mason, Ohio. The 47,303-square-foot MOB is trading for $4.2 million. Premier Health has plans to relocate following the sale. Premier Health offers five inpatient hospital campuses, eight emergency centers, eight urgent care locations and more than 130 outpatient locations, affiliated primary care and specialty physician offices that provide services across the southwest Ohio region. Center for Women’s Health and Wellness has five employees and will not cut jobs or services once it moves locations. There is currently no firm date or... Read More »
SkyView Advisors Closes Sale of Florida MOB Portfolio 

SkyView Advisors Closes Sale of Florida MOB Portfolio 

SkyView Advisors announced that it closed its first healthcare transaction of 2024 with the sale of a medical office building (MOB) portfolio. The portfolio is located in Lakeland and Winter Haven, Florida and consists of three facilities that total 50,000 square feet.   Both the buyer and seller were not disclosed. The financial terms were not disclosed, either.   SkyView Advisors is a national commercial real estate brokerage firm. The company is based in New Jersey.  According to data captured in the LevinPro HC database, this transaction marks the 16th MOB acquisition of 2024. In 2023, 193 MOB transactions were reported.   Read More »
HCA-Operated Surgery Ventures Acquires 2 ASCs in North Texas

HCA-Operated Surgery Ventures Acquires 2 ASCs in North Texas

Surgery Ventures, operated by Nashville, Tennessee-based HCA Healthcare, has acquired majority stakes in two ambulatory surgery centers (ASCs) in North Texas and will manage day-to-day operations at both facilities. Financial terms of the deal were not disclosed.  Both of the ASCs are affiliated with Dallas-based Medical City Healthcare, which is now affiliated with 15 ASCs in North Texas. The first ASC being acquired is Medical City Surgery Center of North Texas in Anna, Texas, formerly known as Surgery Center of North Texas, which has 14 physician partners. The 23,000-square-foot ASC opened in 2020 and includes five operating rooms and 15 pre-op/post-anesthesia care unit bays. The... Read More »
Vesey Street Capital Partners Announces Majority Recapitalization of Inceptua Group

Vesey Street Capital Partners Announces Majority Recapitalization of Inceptua Group

New York-based Vesey Street Capital Partners, LLC announced that funds managed by Vesey Street have completed a majority recapitalization of Inceptua Group.  Inceptua Group is a leading provider of clinical trial supplies and related services, as well as global early access programs, with more than 25 years of specialized industry experience.  Vesey Street Capital Partners is a strategic private equity manager founded in 2014 that focuses on healthcare services. Since its inception, the firm has deployed approximately $700 million in capital.  As part of the transaction, Doug Cook, formerly Executive Vice President and President of Global Commercialization Services and... Read More »
UDLR Healthcare Buys Medical Office Building for $13.5 Million  

UDLR Healthcare Buys Medical Office Building for $13.5 Million  

JLL Capital Markets announced on January 17 that it arranged the $13.5 million sale and the $10.1 million acquisition financing for a medical office building (MOB) in Glendale, Arizona. The buyer was UDLR Healthcare, and the seller was Banner Health.   Thunderbird Medical Pavilion is a 92,811-square-foot MOB, whose tenants include imaging, cardiovascular surgery specialists, general surgery specialists, ear nose and throat physicians and obstetrics/gynecology providers. It is 50% leased with more than 7 years of remaining lease term.  Focused on investing in MOBs, UDLR Healthcare is a partnership between GI Partners and a team of former executives from Healthcare Trust of... Read More »