New Harbor Capital Builds Out Clinical Research Site Platform With Acquisition
New Harbor Capital has acquired Monroe Biomedical Research to build out a more robust clinical research platform. Monroe Biomedical Research is a 6,300-square-foot clinical research facility in Monroe, near Charlotte, North Carolina. Monroe Biomedical conducts clinical research studies for asthma, COPD, diabetes, hypertension, heart failure, Alzheimer’s and COVID-19. New Harbor Capital invests in lower middle market, growth-oriented business services, healthcare and education companies. Since 2000, New Harbor has completed more than 230 investments. Crosstree Capital Partners acted as advisor to Monroe Biomedical and helped the target identify New Harbor Capital as... Read More »
ELNA Medical Group Acquires Physimed Health Group
ELNA Medical Group, one of Canada’s largest integrated networks of medical clinics, has announced its acquisition of Physimed Health Group. Established in 1988, Physimed Health Group was Quebec’s first medical network to offer continuous access to healthcare services 365 days a year. Situated in the Saint-Laurent borough of Montreal, Physimed boasts a state-of-the-art facility spanning 45,000 square feet. It offers access to a complete range of medical services with a team of more than 50 physicians, including a public family medicine practice with Family Medicine Group status, specialty care, comprehensive medical esthetics and corporate and executive medicine. ... Read More »
Montecito Medical Acquires Medical Office Property in Milwaukee MSA
Montecito Medical announced on September 19 its acquisition of The Lincoln Avenue Health Center building in West Allis, Wisconsin. The acquisition of the property expands Montecito Medical’s footprint in the Milwaukee MSA. Financial terms of the deal were not disclosed. The Lincoln Avenue Health Center is a 12,600-square-foot medical office building (MOB). The building is 100% leased to Medical College of Wisconsin, a market-dominant group in the Greater Milwaukee area. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in... Read More »
SK Pharmteco Acquires Controlling Interest in Center for Breakthrough Medicines
SK Pharmteco, a division of South Korean conglomerate SK Inc., has acquired a controlling interest in the Center for Breakthrough Medicines. The Center for Breakthrough Medicines is a King of Prussia, Pennsylvania-based contract development and manufacturing organization (CDMO) specializing in cell and gene therapy. SK Pharmteco is based in Rancho Cordova, California. The company specializes in the production of active pharmaceutical ingredients, advanced intermediates and cell and gene therapy for the pharmaceutical industry. SK Inc., the investment arm of SK Group in Seoul, previously invested $350 million in the Center for Breakthrough Medicines in December 2021. The... Read More »
Mercy Health Acquires 3 Urgent Care Centers
On September 19, Colerain Urgent Care announced that it sold three of its urgent care centers to Mercy Health. According to data captured in the LevinPro HC database, this transaction represents the eighth urgent care acquisition of 2023. The urgent care centers are located in Fairfield, Hamilton and Colerain, Ohio. Each location measures approximately 2,800 square feet. The facilities have state-of-the-art X-ray equipment and laboratory services. The centers also treat common illnesses in children and adults. Part of Bon Secours Mercy Health, Mercy Health comprises six hospitals as well as 80 network locations and several urgent care locations. It ranks as the... Read More »Schedule a demo
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