Sendero Capital and Angelo Gordon Acquire Torrington ASC

Sendero Capital and Angelo Gordon Acquire Torrington ASC

JLL Capital Markets announced that Sendero Capital and Angelo Gordon entered an agreement to acquire a 37,854-square-foot ambulatory surgical center (ASC) and outpatient medical building in Torrington, Connecticut. JLL represented Sendero Capital and Angelo Gordon in the transaction. Financial terms were not disclosed.  The Torrington property is fully leased, with Litchfield Hills Orthopedic as a long-term tenant – with approximately 56% of the building, which includes the Litchfield Hills Surgery Center – as well as endoscopy and physical therapy tenants.  Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston,... Read More »
Hunt Regional Healthcare Acquires Two Urgent Care Facilities

Hunt Regional Healthcare Acquires Two Urgent Care Facilities

Hunt Regional Healthcare (HRH) has announced the acquisition of a pair of urgent care facility locations in Rockwall and Royse City, Texas. Rockwall Urgent Care and Royse City Urgent Care will join the HRH family and will be now called Hunt Regional Urgent Care.  The two facilities both provide urgent care and occupational health services in the Rockwall County area.  HRH offers comprehensive medical services in Hunt County and Northeast Texas. HRH is centered in Greenville, Texas at Hunt Regional Medical Center and provides an extensive list of outpatient and diagnostic services. Additional facility locations include Commerce, Caddo Mills, Emory, Fate, Forney, Leonard and... Read More »
Lovell Minnick Partners Makes Growth Investment in S&S Health

Lovell Minnick Partners Makes Growth Investment in S&S Health

Lovell Minnick Partners LLC (LMP) has made a majority growth investment in S&S Health, a Cincinnati-based provider of administration and technology solutions for health plans for small and mid-sized businesses. The transaction is expected to close in the fourth quarter of 2023.  LMP is a private equity firm focused on investments in financial services, business services and financial technology companies. Since its inception, the company has raised approximately $4.75 billion of committed capital, invested in more than 50 companies and completed more than 175 add-on acquisitions.  Waller Helms Advisors served as financial advisor to S&S and Harris Williams served as... Read More »
CBRE Facilitated $12 Million Sale of San Clemente MOB

CBRE Facilitated $12 Million Sale of San Clemente MOB

CBRE recently negotiated the sale of a 27,535 square foot medical office building (MOB) in San Clemente, California for approximately $12 million, representing a private seller in the transaction. A Southern California-based high-net individual purchased the property.  The two-story MOB, built in 2002, is situated on 1.66 acres. The building is 92% occupied, with seven medical tenants, including Children’s Hospital of Orange County and Camino Health Center. The price is $436 per square foot.  According to data captured in the LevinPro HC database, this transaction represents the 164th MOB transaction of 2023. This is just slightly slower than last year when there were 168 MOB... Read More »
Emmes Acquires VaxTRIALS 

Emmes Acquires VaxTRIALS 

On October 5 Emmes announced that it entered into an agreement to acquire Panama City, Panama-based VaxTRIALS. According to data captured in the LevinPro HC database, this transaction represents the 29th contract research organization (CRO) acquisition of the year.   A specialized CRO, VaxTRIALS provides solutions in managing and monitoring vaccine clinical trial activities across Latin America. Founded in 2012, it has a presence in 11 Latin-American countries as well as the Philippines. VaxTRIALS’ local regulatory knowledge and wide network of experienced investigational sites ensures rapid trial enrollment and standards.  Founded in 1977, Emmes is a CRO with a client... Read More »
Flagship Acquires MOB in Fredericksburg, Virginia

Flagship Acquires MOB in Fredericksburg, Virginia

Flagship Healthcare Properties announced on October 2 that it has acquired a 38,786-square-foot medical office building (MOB) and ambulatory surgery center in Fredericksburg, Virginia through its private real estate investment fund. SCCV Office Condominium Association sold the Class B asset for an undisclosed price. Fifth Third Bank provided the acquisition financing.  Surgi-Center of Central Virginia, an affiliate of United Surgical Partners International, anchors the MOB property. Other tenants include HCA Virginia – Richmond Multi-Specialty, Fredericksburg Foot & Ankle Center and Allergy & Asthma Center of Fredericksburg. At the time of the sale, the building’s occupancy... Read More »