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Newmark Facilitates Recapitalization of Boston Life Sciences Building

Newmark Facilitates Recapitalization of Boston Life Sciences Building

by | Apr 14, 2023 11:39 am | Other Services

Newmark has arranged the recapitalization of 15 Necco Street, a 345,995-square-foot Class A life science asset currently being developed in the Seaport District of Boston. Newmark represented the partial interest seller, an Alexandria Real Estate Equities, Inc. affiliate and National Development, and procured the partial interest buyer, Mori Trust Co., Ltd.’s U.S. subsidiary, MORI America LLC. The recapitalization is the largest single-building life science transaction in the United States year-to-date and Mori Trust’s first life science transaction in the United States, according to data from Irving Levin Associates, LLC. The laboratory/office component of 15 Necco Street will be fully... Read More »
Rising Medical Solutions Announces Acquisition of Preferred Disability Management

Rising Medical Solutions Announces Acquisition of Preferred Disability Management

by | Apr 13, 2023 11:31 am | Other Services

Rising Medical Solutions announced on April 12 the acquisition of Preferred Disability Management (PDM), a regional case management company headquartered in Carmel, Indiana. PDM’s services supplement Rising’s own portfolio and include telephonic, field-base and catastrophic case management services as well as medical record analysis, physician peer reviews, triage services, independent medical evaluations, life care planning, medical cost projections for setting reserves and return to work assessments. With the acquisition of PDM, Rising reinforces its delivery of full-service managed care solutions to the national marketplace while deepening its Midwest presence. Financial... Read More »
The IMA Group Acquires Accelemed Research Institute in Second Move of the Year

The IMA Group Acquires Accelemed Research Institute in Second Move of the Year

by | Apr 12, 2023 2:10 pm | Other Services

The IMA Group on April 11 announced that it entered into an agreement to acquire Accelemed Research Institute.  The acquisition expands The IMA Group’s depth in multi-therapeutic clinical trial sites focused on cardiometabolic and GI diseases such as non-alcoholic steatohepatitis, obesity, high cholesterol and diabetes. The financial terms were not disclosed.  Accelemed Research Institute operates out of Austin, Texas and conducts clinical trials to allow safety and efficacy data to be collected for new drugs, medical devices or treatment techniques. The IMA Group provides government workers with medical, psychological and related evaluations, as well as ancillary services.... Read More »
SMBC Leasing and Finance Acquires Fresenius Kidney Care East Greensboro

SMBC Leasing and Finance Acquires Fresenius Kidney Care East Greensboro

by | Apr 12, 2023 1:47 pm | Medical Office Buildings

SMBC Leasing and Finance Inc. announced on April 11 that it acquired Fresenius Kidney Care East Greensboro, a medical office building (MOB) in Greensboro, North Carolina for $4.4 million The facility, which has a dialysis center, was built on 1.9 acres in 2003 and consists of 12,588 square feet of rentable space. The price was approximately $350 per square foot.  SMBC Leasing and Finance Inc., a portfolio company of SMBC Americas Holdings, Inc., is a leasing company based in New York City. Fresenius’s five other North Carolina locations will remain open. According to data captured in the LevinPro HC database, this transaction represents the 63rd MOB acquisition of the year.... Read More »
Discovery Life Sciences Acquires ReachBio Research Labs

Discovery Life Sciences Acquires ReachBio Research Labs

by | Apr 12, 2023 12:03 pm | CRO, Other Services

Discovery Life Sciences has acquired ReachBio Research Labs, a Seattle-based contract research organization (CRO). This acquisition will allow Discovery Life Sciences to scale its consolidated drug discovery and preclinical development offerings to give customers access to a broader range of specialized cell biology services. Financial terms of the deal were not disclosed. ReachBio Research Labs specializes in cell-based assays, predictive hematotoxicity and drug screening services. The company provides primary cell biology-based contract research services and products to the drug development and life science research communities. Founded in 2018, Discovery Life Sciences provides... Read More »
Atkins Companies and Denholtz Properties Acquire 490,000-Square-Foot Medical Offices at Chappaqua Crossing

Atkins Companies and Denholtz Properties Acquire 490,000-Square-Foot Medical Offices at Chappaqua Crossing

by | Apr 10, 2023 3:23 pm | Medical Office Buildings, Other Services

Atkins Companies and Denholtz Properties announced on Friday the acquisition of the Medical Offices at Chappaqua Crossing. The Medical Offices at Chappaqua Crossing is a 490,000-square-foot, 59-acre healthcare facility in Chappaqua, New York. The property is currently anchored by Northwell Health’s Northern Westchester Hospital. In addition to Northwell Health, Optum’s CareMount Medical, a network of physicians and care teams across New York, New Jersey and Southern Connecticut also has a significant presence at the property. Based in West Orange, New Jersey, Atkins Companies is a real estate organization active in the development and management of commercial, retail and residential... Read More »