Cormica Expands In The U.S. With Focus Laboratories Acquisition
U.K.-based Cormica, backed by mid-market private equity Limerston Capital, announced on January 28 that it is furthering its expansion strategy with the acquisition of U.S.-based Focus Laboratories. This marks Cormica’s second acquisition in the United States. Focus Laboratories specializes in microbiological testing, including rapid microbiology and consulting for the pharmaceutical, biotech and medical device sectors. Focus Laboratories, originally founded in 1996, was acquired in 2016 by Tony Grilli. Cormica (formerly known as WMP Group) is a global contract research organization, providing comprehensive testing services for medical device, combination device and pharmaceutical... Read More »
Marcus & Millichap Announces Sale of Fort Walton Beach, Florida MOB
Marcus & Millichap announced the sale of a medical outpatient building (MOB) in Florida on January 24. Marcus & Millichap’s Frank Roti, Brett Rodgers and Alex Sacks represented the seller, Emerald Coast Diversified Properties, LLC, and procured the buyer, Montecito Medical Real Estate. The property sold for $25.35 million, or $539.45 per square foot. The 46,992-square-foot MOB is located in Fort Walton Beach, Florida. Built in 2008, the three-story building is adjacent to the 257-bed HCA Florida Fort Walton-Destin Hospital, near the Oskaloosa Heart & Vascular Center. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since... Read More »
Concentra Announces Agreement to Acquire Nova Medical Centers for $265 Million
Concentra Group Holdings Parent, Inc. announced that it has signed an agreement to acquire U.S. Occmed Holdings, doing business as Nova Medical Centers. The transaction values Nova Medical Centers at $265 million and is expected to close in the first quarter of 2025. Nova Medical Centers is an occupational health services company based in Houston, Texas. The company operates 67 centers in Texas, Georgia, Tennessee, Indiana and Wisconsin providing workers’ compensation injury care services, physical therapy, drug and alcohol screening and pre-employment physicals as part of its full suite of occupational health services. Concentra is a leading healthcare company focused on improving the... Read More »
Montecito Medical Acquires Urology-Focused MOB in Stockbridge, GA
Montecito Medical Real Estate, based in Nashville, Tennessee, announced that it has expanded its presence in Georgia with the purchase of a 32,853-square-foot medical outpatient building (MOB) in Stockbridge, Georgia, a southeast suburb of Atlanta. The recently opened MOB, which includes an ambulatory surgery center with two operating rooms, is 100% occupied by Urology of Greater Atlanta. Urology of Greater Atlanta is a market-dominant provider in its specialty and one of only three private urology practices in the Atlanta area with more than 10 physicians. The group operates five other locations throughout the Atlanta area. Montecito Medical specializes in healthcare-related real estate... Read More »
Tanvex BioPharma Completes Acquisition of CDMO Bora Biologics
Tanvex BioPharma, Inc. has announced the successful completion of its acquisition of Bora Biologics, based in Taiwan. Bora Biologics is a subsidiary of Bora Pharmaceuticals, a premier international contract development and manufacturing organization (CDMO) specializing in complex oral solid dose, liquids, semi-solids and nasal sprays for pharmaceutical Rx and OTC products. Bora Biologics provides end-to-end and tailored development and manufacturing services to biologics developers. Tanvex BioPharma, Inc. is a CDMO for biologics and a biosimilars products company. The company was founded in 2011 and is headquartered in Taiwan and San Diego, California. Following this acquisition,... Read More »Schedule a demo
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