SubjectWell Buys Digital Patient Recruitment Provider Trials24
SubjectWell has announced its acquisition of Trials24, a provider of global digital patient recruitment solutions. This marks SubjectWell’s first acquisition announcement since it was acquired by New York-based private equity firm WindRose Health Investors in April 2024. Trials24 is a patient recruitment provider that assists biopharmaceutical companies and contract research organizations in completing clinical trials on time. It offers cutting-edge technology, digital marketing expertise, and an engagement center with local native-language representatives in more than 13 European countries. SubjectWell is a patient access marketplace that connects patients with chronic health conditions... Read More »
Northwest Urgent Care to Acquire 10 Carbon Health Urgent Care Centers in Arizona
Northwest Urgent Care, LLC, a Tucson, Arizona-based subsidiary of Community Health Systems, Inc., has signed an agreement to acquire 10 Arizona urgent care centers. The urgent care centers are being acquired from Carbon Health, an American chain of primary healthcare and urgent care clinics that also provides telemedicine. Northwest Urgent Care is part of Northwest Healthcare, an integrated network serving Tucson and nearby communities. Northwest Healthcare offers a full range of services, from specialized cardiac and surgical care to routine primary care, ensuring accessible, high-quality healthcare. The acquisition will expand capacity and increase Northwest Healthcare’s network to more... Read More »
PharmaLegacy Acquires Preclinical CRO BTS Research
PharmaLegacy Laboratories announced on September 16 that it acquired BTS Research, a San Diego, California-based contract research organization (CRO). BTS Research (formerly BioTox Sciences) delivers GLP and Non-GLP biological services to clients in pharmaceutical, biopharmaceutical, biotech, academic research, medical device and related industries. The CRO was founded in 2007 and acquired Bio-Quant in 2011. PharmaLegacy Laboratories is a CRO founded in 2008 which provides efficient and cost-effective preclinical in vitro and in vivo pharmacology studies to life science organizations. PharmaLegacy boasts a thousand of validated in vitro and in vivo services across more than 40 different... Read More »
Elliott Bay Capital Trust and Pantheon Ventures Acquire Illinois MOB for $18.7 Million
On September 11, JLL Capital Markets announced that it brokered the sale of a medical outpatient building (MOB) in Vernon Hills, Illinois, a suburb of Chicago. The MOB, Hawthorne Commons, was completed in 2016 and is 88% leased to eight tenants and is anchored by Northwestern Medicine. The price was roughly $382 per square foot. The acquisition was completed through a joint venture between Elliott Bay Capital Trust and Pantheon Ventures. Elliott Bay Capital Trust is a privately held real estate investment company that focuses on essential healthcare properties. The company acquires, develops and manages healthcare properties that are net leased to health... Read More »
Rite Aid Emerges From Chapter 11 Bankruptcy as Private Company
The prominent U.S. pharmacy chain Rite Aid announced on Wednesday, September 4 that it has successfully completed its financial restructuring and is emerging from bankruptcy as a private company. The Philadelphia-headquartered company, which filed for bankruptcy protection in October 2023, has used the process to close underperforming stores, reduce its debt load by approximately $2 billion and secure $2.5 billion in exit financing to support its business moving forward. “Emergence is a pivotal moment in Rite Aid’s history, enabling it to move forward as a significantly transformed, stronger, and more efficient company,” said CEO and Chief Restructuring Officer Jeffrey... Read More »Schedule a demo
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