Montecito Medical Acquires Bartlett, Tennessee Medical Office Building
On September 12, Montecito Medical Real Estate announced its acquisition of a Bartlett, Tennessee medical office building (MOB) for $11.2 million, or $5.3 per-square-foot. This purchase is Montecito’s first in Shelby County and third in Tennessee, according to the company’s website. The seller, Bartlett MOB Partners LLC, originally purchased the property in 2017 for $236,000 and built the 21,000 square foot MOB that is on the property. The property is occupied by OrthoSouth, which is a network of orthopedic surgeons and physical therapy centers across the state. It is adjacent to Saint Francis Hospital-Bartlett. Montecito Medical Real Estate... Read More »
NUWAY Alliance Acquires Ramsey County Care Center to Relocate Cochran Recovery Services
NUWAY Alliance has acquired Ramsey County Care Center as the new location for Cochran Recovery Services (CRS). CRS is a part of NUWAY Alliance. According to data captured in the LevinPro HC database, this represents the 148th MOB transaction of 2023. This deal also marks NUWAY’s second transaction of the year. In August, the company acquired Arrigoni East and West, which provides housing for those going through substance abuse recovery programs. Located in Maplewood, Minnesota, Ramsey County Care Center operated as a nursing home for older adults from 1959 to 2022, when it closed. It features spacious bedrooms, several communal spaces, a full-service commercial kitchen and... Read More »
Surge Private Equity Completes Elite Clinical Network Acquisition
Surge Private Equity announced that it has formed a new strategic partnership with Elite Clinical Network. The transaction is valued at approximately $200 million and was closed with debt financing provided by affiliates of MGG Investment Group. Elite Clinical Network is an integrated platform currently operating a network of phase I-IV clinical research sites throughout California, Arizona and Nevada. The company has completed thousands of studies since its founding in 2003. Surge Private Equity is a Dallas-based private equity firm that seeks majority investments in growing businesses with $3 million to $30 million of EBITDA. It was founded in 2017. The deal advisors... Read More »
Walgreens and Pearl Health Launch Partnership to Advance Value-Based Care Delivery
Deerfield, Illinois-based Walgreens, a division of Walgreens Boots Alliance, Inc. (WBA), and Pearl Health announced on September 12 a partnership to expand the retailer’s push into value-based care. Walgreens will provide value-based care services to provider partners through the agreement with Pearl Health. The companies will help clinicians transition to value-based reimbursement, starting with Accountable Care Organization Realizing Equity, Accountability and Community Health (ACO REACH) members. Pearl Health is a technology company that helps independent physician practices participate in value-based care models. Walgreens is included in the U.S. Retail Pharmacy and... Read More »
PE-Backed Acacium Group Acquires SUMO Medical Staffing
Acacium Group, backed by private equity firm Onex Corp., announced on September 8 that it acquired Sumo Medical Staffing for an undisclosed price. Headquartered in Draper, Utah, SUMO Medical Staffing is a locum tenens agency dedicated to placing qualified physicians and advanced practice providers in temporary and permanent positions across the United States. The company places medical professionals in specialties including psychiatry, internal medicine, hospitalist, family medicine, ER/urgent care and pediatrics. Acacium Group is one of the United Kingdom’s largest healthcare workforce solutions and services partner dedicated to offering staffing, managed services and... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
