Behind the Deal: HREA Secures Buyer for Chapel Hill MOB in 1031 Exchange Deal 

Behind the Deal: HREA Secures Buyer for Chapel Hill MOB in 1031 Exchange Deal 

HREA | Healthcare Real Estate Advisors announced that it procured an all-cash 1031 exchange buyer for the sale of a Chapel Hill, North Carolina medical outpatient building (MOB).  We spoke with Christopher Stai, Managing Director of HREA, who was able to provide insight into the transaction. HREA, based in Raleigh, North Carolina, with offices in San Diego and Denver, is a leading advisor in the healthcare real estate sector, specializing in providing healthcare providers, investors and developers with acquisition, disposition and capitalization strategies throughout the United States.  The MOB is 100% leased and occupied by UNC Physicians Network, a healthcare network of more... Read More »
Headlands Research Acquires Trial Management Associates

Headlands Research Acquires Trial Management Associates

Headlands Research has announced the acquisition of Trial Management Associates (TMA). The addition of TMA extends Headlands Research’s southeastern U.S. geographical reach. The Headlands Research network now includes 21 sites across the United States and Canada. Financial terms of the deal were not disclosed. TMA is a multi-site clinical research company with locations in North and South Carolina. The company is headquartered in Wilmington, North Carolina, with an additional location in Myrtle Beach, South Carolina. TMA brings experience across various therapeutic specialties, including vaccines, endocrinology and more. Headlands Research, a portfolio company of KKR & Co., is a... Read More »
El Paso, Texas MOB Acquired by Healing Realty Trust

El Paso, Texas MOB Acquired by Healing Realty Trust

Healing Realty Trust (HRT) announced the acquisition of a multi-tenant medical outpatient building (MOB) in El Paso, Texas, enhancing its clinic-focused portfolio. The MOB is being acquired for $7.15 million. The acquired asset is comprised of 50,213 square feet and is leased to a diverse range of medical tenants, including WellMed, Quest Diagnostics, Optum and Universal Health Services, with the opportunity to further enhance occupancy. The MOB is within a few miles of major hospitals (including both HCA Healthcare and Tenet Healthcare hospital systems), ambulatory surgery centers, long-term acute care hospitals, the University of Texas El Paso campus, Texas Tech Medical School and to... Read More »
Remedy Medical Properties and Kayne Anderson Real Estate Add a Montana MOB to Their Portfolio 

Remedy Medical Properties and Kayne Anderson Real Estate Add a Montana MOB to Their Portfolio 

Remedy Medical Properties and Kayne Anderson Real Estate have announced the acquisition of a Montana property from a joint venture between United Surgical Partners International (USPI) and Bozeman Health. The acquired asset (often called the Bozeman Health Cottonwood Clinic + Surgery Center) is a 58,872-square-foot medical outpatient building (MOB) and ambulatory surgery center (ASC) in Bozeman, Montana. The MOB was built in 2021 and sits on 5.02 acres of land. It is 100% occupied by three tenants: the West Bozeman Surgery Center, Deaconess Intercity Imaging Center and Bozeman Deaconess Health Services. In addition to the ASC, the facility offers family and pediatric medicine, internal... Read More »
PE-Backed Latus Group Acquires U.K.-Based OH Services

PE-Backed Latus Group Acquires U.K.-Based OH Services

Latus Group, backed by private equity firm NorthEdge, announced on October 22 the completion of its acquisition of OH Services, a regional provider of occupational health services. OH Services delivers highly specialized medical assessments tailored to the needs of the oil and gas, maritime and safety critical industries. It operates from two clinic locations in the United Kingdom: Yorkshire and North East Lincolnshire. Latus Group works with businesses across a range of sectors to help people achieve healthier working lives through proactive, preventative healthcare that supports regulatory compliance, improves colleague health and wellbeing and enhances employee engagement. The... Read More »
Meridian Purchases Medical Outpatient Building in Tucson, Arizona

Meridian Purchases Medical Outpatient Building in Tucson, Arizona

Meridian announced that it has closed escrow on the purchase of a vacant medical outpatient building (MOB) in Tucson, Arizona. The acquired asset is a 94,569-square-foot MOB, located on a 9.27-acre parcel. The former inpatient cardiovascular hospital has been vacant for 15 years. Founded in 1999, Meridian is a full-service real estate developer and investor specializing in brand-enhancing healthcare and life science developments. The firm owns and manages healthcare properties throughout the United States and continues to aggressively pursue acquisitions and developments. Following the acquisition, the property will be fully occupied by El Rio Health, a Federally Qualified Health Center... Read More »