Montecito Medical Completes Acquisition of Seven-Building Portfolio in South Carolina

Montecito Medical Completes Acquisition of Seven-Building Portfolio in South Carolina

Montecito Medical Real Estate announced on October 16 the completion of its acquisition of seven medical office buildings (MOB) in upstate South Carolina.  Concentrated in the Greenville and Clemson market areas, the seven properties represent a combined total of more than 88,000 square feet and are 100% occupied. Six of the buildings are occupied by Clemson Eye, a leading provider of eye health in upstate South Carolina. Carolinas Centers for Sight tenants the seventh property. Both practice groups are affiliated with Eye Centers of America.  Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across... Read More »
Headlands Research Continues Growth with Clinical Research Professionals Acquisition

Headlands Research Continues Growth with Clinical Research Professionals Acquisition

Headlands Research has announced the acquisition of Clinical Research Professionals, an established clinical research site based in the St. Louis, Missouri MSA. Clinical Research Professionals specializes in multiple therapeutic areas, including gastroenterology, neurology and vaccines.  Headlands Research, a portfolio company of KKR, is a globally integrated clinical trial site organization. With a multinational network of 17 clinical trial sites, Headlands Research has successfully completed more than 5,000 clinical trials.  The acquisition of Clinical Research Professionals expands Headlands Research’s geographic reach. This comes shortly after Headlands Research’s... Read More »
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 »
Montecito Medical Completes Acquisition of Seven-Building Portfolio in South Carolina

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 »