CBRE Arranges Sale of MOB Portfolio in Kentucky
CBRE Group, Inc. announced that it has arranged the sale of a portfolio of six medical office building (MOB) properties in Northern Kentucky to Remedy Medical Properties. CBRE represented the seller, Zalla Companies, in the transaction. Financial terms of the deal were not disclosed. Totaling 145,308 square feet, the properties are located in Florence, Fort Mitchell, Crittenden, Walton, Alexandria and Butler, Kentucky. St. Elizabeth Physicians, a health system based in Erlanger, Kentucky, fully occupies the portfolio. Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with more than... Read More »
Argosy Healthcare Partners Completes Recapitalization of Command Medical Products
Argosy Healthcare Partners (AHP) has announced a recapitalization and partnership with Command Medical Products to support its next stage of growth. This deal was facilitated and managed by MedWorld Advisors, a leading middle-market M&A advisory firm. Financial terms of the deal were not disclosed. Command Medical Products provides contract manufacturing services for the production of single-use disposable medical devices to global medical device original equipment manufacturers and life sciences customers. Headquartered in Ormond Beach, Florida and founded in 1987, the company provides customized clean room manufacturing of single-use medical devices leveraging key technologies,... Read More »
Four Corners Property Trust Acquires MOB in Tennessee
Four Corners Property Trust announced the acquisition of a medical office building (MOB) housing a Baptist Medical Group (BMG) primary care practice for $9.7 million. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs. The BMG property is located in a highly trafficked corridor in Tennessee and is corporate-operated under a long-term, triple-net lease with approximately 10 years of term remaining. BMG is the Mid-South’s largest integrated not-for-profit multispecialty physician practice, with more than 500 expert primary and specialty care doctors practicing throughout West Tennessee, North Mississippi and East Arkansas.... Read More »
Affidea Acquires Three Explora Group Clinics in Romania
Affidea, a Pan-European medical services provider, announced that it is expanding its presence in Romania with the acquisition of three Explora Group clinics. Explora Group is medical provider in the northern region of the country, offering advanced diagnostic imaging examinations and a comprehensive range of medical consultations. Affidea, formerly known as Euromedic, provides advanced diagnostic imaging, outpatient and cancer care services. Founded in 1991, Affidea’s network reaches 355 centers across 15 European countries, working with more than 11,200 professionals and seeing more than 11 million patients every year. “In response to the growing demand for medical services in the... Read More »
CBRE Announces Closing of Irving, Texas MOB
CBRE Group, Inc.’s U.S. Healthcare Capital Markets announced the closing of Baylor Irving MOB III, a medical office building (MOB) in Irving, Texas. Irving Hospital Authority is listed as the acquirer in the deal, and Madison Marquette is the seller. The property is a Class A, 54,941-square-foot medical outpatient MOB positioned on the campus of the 293-bed Baylor Scott & White Medical Center – Irving, an acute care hospital. The recently developed property is currently 68% occupied by five tenants including an investment grade-credit health system, regional physician groups and private practices. Approximately 22% of the property is leased to HealthTexas Resource Network, a... Read More »Schedule a demo
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