• Orlando Health Expands Alabama Network

    One of the largest health systems in the southeastern United States is growing its presence in a new hospital acquisition. Orlando Health, a not-for-profit health system with $8.1 billion of assets under management, has acquired Regional Medical Center (RMC), a regional hospital based in Anniston, Alabama. No specific terms of the merger were... Read More »
  • Olympus Cosmetic Group Expands in Louisiana  

    Physician Growth Partners (PGP) reported that it advised Acadia Women’s Health & Cosmetic Surgery Center on its acquisition by Olympus Cosmetic Group. The financial terms were not disclosed.  Acadia Women’s Health & Cosmetic Surgery Center is a plastic surgery practice based in Crowley, Louisiana. It provides the full scope of cosmetic... Read More »
  • Optigy Acquires StaffHealth 

    Optigy, based in Sarasota, Florida, announced in an April 7 press release that it acquired StaffHealth. Terms were not disclosed.  Founded in 2012, StaffHealth is a temporary healthcare staffing platform. The company is based in Virginia Beach, Virginia.   Based in Sarasota,... Read More »
  • Qualifacts Acquires MethodOne by Computalogic

    Qualifacts will be acquiring MethodOne by Computalogic, according to an April 7 press release. Computalogic is a Tennessee-based company exclusively dedicated to the development, installation and support of addiction treatment management systems. MethodOne by Computalogic is a comprehensive controlled-medication dispensing solution designed for... Read More »
  • BPOC Completes Sale of CDMO Midwest Products & Engineering

    Chicago, Illinois-based private equity firm BPOC announced on April 7 that it completed the sale of Midwest Products & Engineering to Graham Partners. Founded in 1978, Midwest Products & Engineering is a contract designer, developer and manufacturer of complex electromechanical and robotic-assisted surgical systems for the... Read More »

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Ohio Gastroenterology Group Buys $1.5 Million Columbus, Ohio MOB Near Headquarters

Ohio Gastroenterology Group Buys $1.5 Million Columbus, Ohio MOB Near Headquarters

Ohio Gastroenterology Group purchased a medical office building (MOB) near its north Columbus, Ohio headquarters in an effort to support growth. The purchase price for the property was $1.5 million. According to data captured in the LevinPro HC database, this represents the 83rd MOB transaction of 2023. This is a slight increase from last year, when there were 76 MOB deals announced between January 1, 2022, and May 15, 2022. The one-story, 10,576-square-foot MOB sits on less than 1 acre and was built in 1966, according to Franklin County property records. The building was remodeled in 2012. The current tenant is OhioHealth Physician Group Gynecology, which operates a comprehensive... Read More »
Anchor Health Properties Executes Off-Market Transaction of MOB in Atlanta MSA

Anchor Health Properties Executes Off-Market Transaction of MOB in Atlanta MSA

Anchor Health Properties recently closed an off-market transaction involving a three-story, 40,000 square foot Class A medical office building (MOB) and adjacent land site slated for a subsequent Phase II MOB development. Located in the Lawrenceville submarket of Atlanta, Georgia, the properties are strategically positioned in the medical cluster surrounding Northside Hospital Gwinnett, a regional hospital with 353 acute care beds. The 100% leased MOB features anchor tenancy from Northside Health and Fresenius Medical Care. Other key tenancy includes Georgia Nephrology, Palmetto Infusion, Amedisys Home Health and Gwinnett Pediatrics. To optimize the strategic value in the properties, the... Read More »
Syneos Health to be Acquired by a Private Investment Consortium In $7.1 Billion Deal

Syneos Health to be Acquired by a Private Investment Consortium In $7.1 Billion Deal

Syneos Health is being acquired by a consortium of private investment firm affiliates composed of Elliott Investment Management, Patient Square Capital and Veritas Capital. Completion of the transaction is expected in the second half of 2023. The consortium of private investment firm affiliates is acquiring Syneos for $43.00 per share in cash in a transaction valued at approximately $7.1 billion, including outstanding debt. The purchase price represents a 24% premium to Syneos Health’s unaffected closing stock price on February 13, 2023. Upon completion of the transaction, Syneos Health will become a private company and shares of Syneos Health Class A common stock will no longer trade on... Read More »
Jackson Healthcare Acquires Staffing Provider LRS Healthcare

Jackson Healthcare Acquires Staffing Provider LRS Healthcare

Jackson Healthcare announced on May 9 its acquisition of Omaha, Nebraska-based LRS Healthcare. Bridgepoint Investment Banking served as advisor to LRS Healthcare on the business combination.  LRS Healthcare is a provider of medical staffing that connects nursing and allied healthcare professionals to facilities nationwide. Jackson Healthcare is a group of healthcare staffing, search and technology companies. Backed by more than 2,000 associates and more than 15,000 clinician providers, Jackson Healthcare is one of the largest U.S. healthcare staffing companies with more than $2 billion in annual revenue. The company has helped healthcare facilities across the country serve more than... Read More »
Montecito Medical Acquires Medical Office Portfolio in Indiana

Montecito Medical Acquires Medical Office Portfolio in Indiana

Montecito Medical has completed the acquisition of a five-building medical portfolio in Elkhart, Indiana, marking its 16th deal of 2023. The buildings, which represent approximately 124,000 square feet, are 100% occupied by the Elkhart Clinic. With eight locations and 35 physicians on staff, the Elkhart Clinic is the area’s dominant family medicine practice. 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. Fairfield Advisors advised the seller and worked closely with Montecito to complete the transaction. The transaction builds... Read More »
CVS Health Pauses M&A Strategy to Focus on Integration

CVS Health Pauses M&A Strategy to Focus on Integration

After spending $8 billion to acquire healthcare service provider Signify Health and $10.6 billion for primary care provider Oak Street Health, retail giant CVS Health Corp. seems to be winding down its M&A strategy. CEO Karen Lynch told investors on May 3rd that CVS would pause its recent acquisition spree as it focuses on integrating its recent purchases. CVS will integrate Signify and Oak Street with its other businesses in the near term. Longer term, Lynch said, the company might look at additional opportunities in technology for home or health services. Lynch also said there’s an opportunity to “connect the dots” among itself and the two... Read More »