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Health Advocates Network Acquires Healthcare Staffing Provider Horizons Healthcare Agency

Health Advocates Network Acquires Healthcare Staffing Provider Horizons Healthcare Agency

Health Advocates Network, a Boca Raton, Florida-based staffing provider, acquired Horizons Healthcare Agency, representing the company’s fourth acquisition. Terms of the deal were not disclosed. Horizons Healthcare Agency is a Peoria, Illinois-based provider of travel nursing services and staffing. Founded in 2020, Health Advocates Network is focused on consolidating the highly fragmented non-clinical healthcare staffing space. Health Advocates Network’s M&A director, Eddie Albert, stated that the acquisition of Horizons Healthcare Agency aligns with the company’s strategy of expanding its travel nurse and local staffing capabilities and it plans to pursue additional deals... Read More »
Capitol Pain Institute Completes Four Acquisitions

Capitol Pain Institute Completes Four Acquisitions

Capitol Pain Institute (CPI), a portfolio company of Iron Path Capital, announced that it completed four transactions.  Springs Rehabilitation is operated by Dr. Kenneth P. Finn and Janel Sharp Moreno. In addition to rehabilitation services, the practice provides pain management services. It is based in Colorado Springs. According to data captured in the LevinPro HC database, this marks the 15th Rehabilitation transaction of the year.  Bolstering its Physician Medical Groups (PMG) portfolio, CPI acquired The Peak Physical Medicine as well as Spinal Diagnostics and Regenerative Medicine. The Peak Physical Medicine operates out of one Colorado Springs location and is run by one... Read More »
Windsong Medical Park Deal Expands Montecito Medical’s Footprint in Western New York

Windsong Medical Park Deal Expands Montecito Medical’s Footprint in Western New York

Montecito Medical Real Estate has expanded its footprint in the Buffalo-Niagara Falls MSA with its recent acquisition of Windsong Medical Park in the Williamsville neighborhood of Amherst, New York. The deal took the better part of a year to complete and marks Montecito’s second acquisition in the region. In November 2022, Montecito purchased a property occupied by the Ambulatory Surgery Center of Western New York in Amherst, New York. Windsong Medical Park is a two-story, 83,000-square-foot medical office park. Windsong Radiology Group, a dominant practice in the region and the seller in the transaction, maintains its main campus in the medical park. Kaleida Health leases 25,000... Read More »
Four Corners Property Trust Acquires WellNow Urgent Care Property in Indiana

Four Corners Property Trust Acquires WellNow Urgent Care Property in Indiana

Four Corners Property Trust (FCPT) announced the acquisition of a WellNow Urgent Care property in Indiana for $2.5 million. The newly constructed property is located in a strong retail corridor and corporate-operated under a long-term, net lease. The transaction was priced at a cap rate in range with previous FCPT transactions. Since 2021, FCPT’s transactions have ranged from $1.8 million to $3.4 million. FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use... Read More »
Atkins Companies Acquires Washington Medical Arts Building

Atkins Companies Acquires Washington Medical Arts Building

Atkins Companies announced on March 29 that it acquired a medical office building (MOB) in Washington Township, New Jersey.  The Washington Medical Arts Building is a two-story, Class-A building that is leased to several healthcare and wellness tenants including Weisman Children’s, Rowan Medicine, Select Surgical Center and Jefferson Health. It contains more than 70,000 square feet. Atkins Companies is a multigenerational commercial real estate developer, investor and property manager. It is based in West Orange, New Jersey. The acquisition is Atkins Companies’ latest investment in Washington Township, which is in New Jersey’s Gloucester County. The financial terms of the... Read More »
Anchor Health Properties Acquires Grove City, Ohio MOB

Anchor Health Properties Acquires Grove City, Ohio MOB

Anchor Health Properties closed on a two story, 38,327-square-foot Class A medical office building (MOB) in the Grove City submarket of Columbus, Ohio. The off-market transaction was acquired through Anchor’s discretionary equity fund, Chestnut Healthcare Fund II, co-managed with Chestnut Funds. Engle Real Estate provided sales advisory services on behalf of the seller, Trivium Development LLC, for this off market transaction. First Citizens Bank and CIT provided debt financing services. As the new owner, Anchor will provide go forward asset and property management services at the MOB. Financial terms of the deal were not disclosed. The 100% occupied MOB was constructed by Trivium... Read More »