Montecito Medical Acquires Two New Jersey MOBs
Montecito Medical Real Estate has acquired two medical office buildings (MOBs) in Livingston and New Providence, New Jersey from The Silverman Group. The two MOBs provide a range of medical services, including pediatrics, neurology, dermatology and radiology. The MOBs are fully leased to Summit Health, a healthcare provider serving the local communities. This acquisition marks Montecito’s entry into the New Jersey market. 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 billion in medical real estate. The seller was represented by Cushman & Wakefield. The... Read More »
Concentra Leads the Charge in Occupational Health M&A
Concentra has had a busy start to June. Already, the Addison, Texas-based company has acquired two occupational health providers, and we’re not even halfway through the month. On June 5, Concentra announced its acquisition of Holland Medi Center, an occupational health clinic in Holland, Michigan which will be renamed Concentra Holland Michigan. The addition of the center brings Concentra’s portfolio in Michigan to 19 locations. The next day, Concentra announced its acquisition of One Source Occupational Medicine in Tulsa, Oklahoma. The addition brings Concentra’s portfolio in Oklahoma to eight locations. With this deal, Concentra expands its reach into Tulsa, a region with... Read More »
EdgeCap Partners Acquires Majority Stake in Comac Medical
Funds advised by EdgeCap Partners (EdgeCap) have acquired a majority equity interest in Comac Medical. The deal was announced in a June 9 press release. Comac’s founder and CEO, Dr. Milen Vrabevski, as well as other shareholders, will retain a significant minority stake and continue in their current roles as executive managers, thereby providing continuity to all its clients and partners. Comac Medical is a full-service clinical research organization (CRO), present in more than 30 countries and providing a comprehensive range of early to late-phase drug development services to the global pharmaceutical and biotech industries across a variety of therapeutic areas. The company is... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California
Covenant Physician Partners, a portfolio company of KKR, announced on June 6 its merger with Wilshire Center for Ambulatory Surgery. Wilshire Center for Ambulatory Surgery is an ambulatory surgery center (ASC) in Los Angeles, California. The ASC has two operating rooms. Covenant Physician Partners is a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff. Covenant provides patient care in nine ASCs and seven physician practice locations throughout California. The addition of the Los Angeles MOB expands... Read More »
Concentra Acquires Holland Medi Center in Michigan
Concentra announced on June 5 the acquisition of Holland Medi Center, an occupational health clinic in Holland, Michigan. The center will now be called Concentra Holland Michigan. According to data captured in the LevinPro HC database, this represents the 14th occupational health deal of 2023. This also marks Concentra’s fourth deal of 2023. Holland Medi Center provides occupational medical services like workers compensation, injury care, industrial medicine and drug testing. Concentra, a division of Select Medical, provides occupational health services focused on improving the health of America’s workforce, one patient at a time. The company is headquartered in Addison, Texas and operates... Read More »Schedule a demo
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