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Harrison Street Acquires MOB in Escondido, California
Harrison Street, with approximately $56 billion in assets under management, announced the acquisition of Palomar Health Outpatient Center III in Escondido, California for an undisclosed price. Palomar Health Outpatient Center III is a newly developed 72,000 square foot medical office building (MOB) located on the modern campus of Palomar Medical Center Escondido (PMCE). The 56-acre PMCE campus was purpose-built to serve the North County San Diego region. Anchored by Palomar Medical Center, a 288-bed acute care hospital constructed in 2012, the campus also includes three Class-A MOBs that are 100% leased to the Palomar Health system. Harrison Street is headquartered in Chicago with offices... Read More »
Montecito Medical Acquires Hammond, Indiana MOB
Montecito Medical announced on August 9 the acquisition of an 11,118-square-foot medical building (MOB) in Hammond, Indiana. The building is 100% occupied by the Williams Eye Institute and serves as the group’s flagship location. The property is situated approximately 25 miles south of downtown Chicago. Montecito Medical 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 medical real estate. Montecito worked alongside broker Entheos Capital Partners in completing the transaction. The acquisition expands Montecito’s footprint in the Chicago MSA. The company had... Read More »
PAM Group Acquires Occupational Health Provider Connect Health
U.K.-based PAM Group announced its acquisition of Newcastle-based physiotherapy business Connect Health. Connect Health was established in 1989 by Professor Andrew Walton. The company provides community healthcare services to NHS patients across the United Kingdom. According to the press release, the company has £2 million (approximately $2.54 million USD) in annual revenues. PAM Group is an occupational health and well-being specialist which employs more than 700 people. PAM Group set up its physio business in 2010 to help employers to reduce absence by keeping their employees in work and maintaining their physical health and wellbeing. Following the deal, the company will have more than... Read More »
Kohlberg to Acquire Majority Stake in Worldwide Clinical Trials
An affiliate of Kohlberg & Company, LLC has entered into a definitive agreement to acquire a majority stake in Worldwide Clinical Trials (WCT), in partnership with WCT’s management team. Following the sale to Kohlberg, WCT’s former owner, The Jordan Company, will retain a meaningful minority equity stake in the company. WCT is a full-service contract research organization (CRO) focused on CNS, cardiovascular, metabolic, immune-mediated inflammatory disorders, oncology and rare diseases. Its global footprint spans nearly 60 countries with more than 3,200 team members. Kohlberg & Company LLC is a private equity firm specializing in add-on acquisitions, follow-on acquisitions,... Read More »
Sendero Capital & Angelo Gordon Joint Venture Acquires Providence, Rhode Island MOB
JLL Capital Markets announced on August 3 that it advised Sendero Capital and Angelo Gordon on the acquisition of a 30,000-square-foot medical office building (MOB) in Providence, Rhode Island for an undisclosed price. According to data captured in the LevinPro HC database, this represents the 120th MOB transaction of 2023. Constructed in 2006, the 30,000-square-foot MOB is currently 96% leased to Lifespan Health System and clinical medical tenants offering a variety of services, including urgent care, primary care, imaging, pediatric care, physical therapy and pathology. Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston,... Read More »Schedule a demo
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