Ajinomoto Acquires Forge Biologics for $620 Million
Ajinomoto Co., Inc. and Forge Biologics announced on November 13 that they have entered into a definitive agreement by which Ajinomoto will acquire Forge Biologics in an all-cash deal for $620 million. Forge Biologics is a viral vector and plasmid contract development and manufacturing organization (CDMO) and clinical-stage therapeutics company, enabling access to potentially life-changing gene therapies by bringing them from concept to reality. All development and manufacturing is done at the Hearth, Forge Biologics’ 200,000 square-foot custom-designed cGMP facility in Columbus, Ohio, where the CDMO has more than 300 employees. Ajinomoto Co. is a global manufacturer of... Read More »
Boston IVF Acquires Rochester Regional Health’s Fertility Care Center
Boston IVF announced that it acquired Rochester Regional Health’s fertility care center. The clinics’ services include consultations, treatment management, intrauterine insemination procedures, ultrasound and blood work monitoring and more. Boston IVF is one of the largest and most experienced fertility networks in the United States, with more than 100,000 babies born since 1986. Founded as one of the nation’s first private practice IVF centers, the Boston IVF network has grown to include more than 30 reproductive endocrinologists across Massachusetts, Maine, New Hampshire, New York, Idaho, Indiana, Ohio, Rhode Island and Utah. Rochester Regional Health is a... Read More »The Changing Healthcare Real Estate Lending Market
The healthcare real estate lending market has been on an upswing in recent years. The COVID-19 pandemic accelerated the shift from hospital inpatient care to patients receiving most of their treatment in outpatient clinics, such as ambulatory care settings, urgent care centers and medical office buildings housed by physician groups. Demographic tailwinds and emerging value-based care reimbursement models have also pushed the industry to outpatient settings. In JLL’s 2022 Healthcare and Medical Office Perspective research report, the firm wrote that “the fundamentals of population demand for healthcare services, even in times of economic uncertainty, translate into steady real estate... Read More »
The Walk-In Medical Clinic of Linden Acquires Averett Medical Group
The Walk-In Medical Clinic of Linden has acquired Averett Medical Group in Linden, Tennessee. According to data captured in the LevinPro HC database, this transaction represents the 30th health clinic acquisition of 2023. Averett Medical Group is physician-owned medical clinic offering services to walk-in and appointment patients alike. The clinic offers a diverse range of services from primary care to specialty and sub-specialty care. The Walk-In Medical Clinic of Linden is a Medicare-certified rural health clinic that has been providing the residents of Perry County with healthcare for all ages since 2013. The entire staff of Averett Medical Group will combine with the... Read More »
PE-Backed Everest Clinical Research Acquires August Research
Everest Clinical Research, a portfolio company of Washington, D.C.-based private equity firm Arlington Capital Partners, announced on November 7 that it acquired Sofia, Bulgaria-based August Research. August Research is a contract research organization (CRO) that provides clinical trial services (CTS) and pharmacovigilance services to a variety of pharmaceutical and biotechnology clients. The CRO has worked on more than 120 projects for Phase I-IV clinical trials across multiple therapeutic areas including cardiovascular, infectious disease, oncology and rare disease. Everest Clinical Research is a full-service CRO providing a range of expertise-based clinical research services... Read More »Schedule a demo
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