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Medray Acquires Avista Medical 

Medray Acquires Avista Medical 

Medray, based in Dublin, Ireland, announced its acquisition of Avista Medical. According to data captured in the LevinPro HC database, this transaction represents the 34th healthcare product distributor transaction of 2023.  Founded in 2004, Avista supplies medical imaging equipment and support services to radiology departments in hospitals. It is a support specialist for Canon Medical Systems, the global manufacturer of CT, MRI, X-Ray and Ultrasound diagnostic imaging equipment in Ireland.  Medray supplies healthcare equipment to radiology, dental, veterinary and associated sectors across Ireland and the United Kingdom. The company was founded in 1979 and was bought by private... Read More »
Ampersand Capital Partners invests in Julius Clinical Research 

Ampersand Capital Partners invests in Julius Clinical Research 

Ampersand Capital Partners, based in Wellesley, Massachusetts, announced its acquisition of Julius Clinical Research. According to data captured in the LevinPro HC database, this acquisition is the 40th contract research organization (CRO) transaction of the year.   Based in the Netherlands, Julius Clinical Research is a leading academic clinical CRO that provides clinical trial services and real-world evidence studies to biopharma sponsors.  Founded in 1988, Ampersand is a middle-market private equity firm with more than $3 billion of assets under management dedicated to investments in the healthcare sector.  This transaction will allow Julius Clinical Research to expand... Read More »
Provident Healthcare Partners Advises East Coast Institute for Research in its Partnership

Provident Healthcare Partners Advises East Coast Institute for Research in its Partnership

Provident Healthcare Partners announced that it has advised East Coast Institute for Research (ECIR) in its partnership with Southlake, Texas-based private equity firm Gauge Capital. Gauge Capital has made a growth investment in ECIR as part of the transaction, which represents Gauge Capital’s entrance into the clinical research site sector.  Headquartered in Jacksonville, Florida, ECIR is a clinical research site management organization with eight sites in Florida and Georgia, 14 partnered provider practices and 26 principal investigators. ECIR manages all aspects of the Phase II – Phase IV trial process and holds deep sponsor relationships across several indications including... Read More »
Stage Equity Partners Acquires Medical Office Building Portfolio in Libertyville

Stage Equity Partners Acquires Medical Office Building Portfolio in Libertyville

An affiliate of Stage Equity Partners LLC has acquired The Hollister Medical Office Portfolio in Libertyville, Illinois from Hollister Incorporated, an international medical supply manufacturer with its corporate headquarters in an adjacent 300,000-square-foot building. The deal was announced on November 27, 2023, and marks the 181st Medical Office Building (MOB) transaction of 2023. The Hollister Medical Office consists of two buildings that total 91,818-square-foot. The portfolio consists of the three-story, 57,585-square-foot building at 1800 Hollister Drive that sits on 7.9 acres and was building in 1999. The other facility is a three-story, 34,233-square-foot building at 1900... Read More »
Echo Real Estate Capital Acquires Carmel, IN Medical Office Building

Echo Real Estate Capital Acquires Carmel, IN Medical Office Building

Echo Real Estate Capital, Inc. announced it has acquired a 33,000-square-foot medical office building (MOB) located in the Penn Mark Plaza office park in Carmel, Indiana.  The MOB is occupied by Ascension-St. Vincent, Turkle & Associates Center for Plastic Surgery and Abram’s Eyecare – a third-generation practice with three locations.  Echo Real Estate Capital is a full-service real estate investment and development firm with a national platform specializing in build-to-suit development, value-add investments, sale/leasebacks and capital markets advisory services for healthcare providers, national retailers, industrial manufacturing and distribution companies and general... Read More »
BayCare Health Acquires 49-Physician Health Clinic

BayCare Health Acquires 49-Physician Health Clinic

Clearwater, Florida-based BayCare Health System has announced that it is acquiring Gessler Clinic, a physician-owned medical group, effective December 2, 2023. Gessler Clinic is based in Winter Haven, Florida. The clinic has 49 physicians covering 24 specialties, according to its website.  BayCare Health is a not-for-profit healthcare system that operates 16 hospitals and hundreds of outpatient locations throughout the Tampa Bay and central Florida regions.  Most of the Gessler Clinic providers and team members will join BayCare, including BayCare Medical Group, Tampa Bay’s leading multi-specialty group. Financial terms of the deal were not disclosed.  According to data... Read More »