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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 »
PE Firm Waud Capital Partners Acquires Fusion Healthcare Staffing, Forms Fusion Health

PE Firm Waud Capital Partners Acquires Fusion Healthcare Staffing, Forms Fusion Health

Chicago-based private equity firm Waud Capital Partners has acquired Fusion Healthcare Staffing for an undisclosed price. In connection with the deal, Waud Capital Partners, in partnership with healthcare executives Bales Nelson and Allen Dye, has formed Fusion Health. Fusion Health will offer staffing services to healthcare facilities, providers and health plans, working to help with a variety of episodic clinical resource needs through technology-focused services. Nelson will serve as chief executive officer of Fusion Health and Dye will serve as president. Headquartered in Sandy, Utah, Fusion Healthcare Staffing is a provider of staffing services to hospitals and healthcare providers... Read More »
Montecito Medical Acquires ASC in Dallas-Fort Worth MSA

Montecito Medical Acquires ASC in Dallas-Fort Worth MSA

Montecito Medical Real Estate announced on March 22 its acquisition of a 14,600-square-foot ambulatory surgery center (ASC) in Granbury, Texas. The property is 100% leased to Baylor Scott & White Surgicare in Granbury. Physicians at the multispecialty surgery center, which includes four operating rooms, perform gastroenterology, neurology, ENT, ophthalmology, orthopedics, urology, pain management and podiatry procedures. The acquisition in Granbury expands Montecito’s footprint in the greater Dallas-Fort Worth MSA. Since the beginning of 2021, the company has acquired 15 medical office properties in the region. Terms of the deal were not disclosed. Montecito Medical specializes in... Read More »
Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity

Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity

While healthcare real estate has proven to be an increasingly attractive investment in recent years, mergers and acquisitions deal volume in 2023 may fail to reach last year’s record. “We believe that overall volume will be healthy given the continued demand for healthcare real estate, but will be lower than previous years’ historic highs,” said Cornerstone Companies senior vice president of investments Ted Baker. His company’s holdings include approximately 55 medical office buildings and surgery centers with an aggregate value above $500 million. “My guess is that we see less of [the] larger trades and more single-asset deals [and] lower overall volumes,” Baker said.  There were 120... Read More »
ELNA Medical Bolsters Private Care Network with Addition of Créa-MeD and Uni-Med Clinics

ELNA Medical Bolsters Private Care Network with Addition of Créa-MeD and Uni-Med Clinics

ELNA Medical announced the acquisition of two Montréal-based private clinics, Créa-MeD and Uni-Med. Both clinics will join ELNA’s growing private care network of five clinics throughout greater Montreal. Terms of the deal were not disclosed. Established in 2008 as one of Quebec’s first non-RAMQ (Régie de l’assurance maladie du Québec) clinics, Créa-MeD is a private medical clinic offering private family medicine and specialized care including comprehensive STI testing. Uni-Med offers access to private family medicine and women’s health services, including one of Quebec’s leading practices in hormone therapy. ELNA Medical is a Montreal-based company that brings... Read More »
Four Corners Property Trust Acquires New Mexico MOB

Four Corners Property Trust Acquires New Mexico MOB

Four Corners Property Trust (FCPT) is acquiring an Aspen Dental property for $1.9 million. The property is located in a strong retail corridor in New Mexico and is corporate-operated. The transaction was priced at a cap rate in range with previous FCPT transactions. 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 in the restaurant and retail industries. In February 2023, FCPT announced its acquisition of a Heartland Dental property for $2.2 million.... Read More »