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CVS Health Acquires Oak Street Health for $10.6 Billion

CVS Health Acquires Oak Street Health for $10.6 Billion

by | Feb 8, 2023 10:38 am | Other Services

CVS Health announced on February 8 its acquisition of Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. This marks CVS Health’s third largest deal in the last decade and fourth in the company’s history. With the purchase of Oak Street Health, CVS Health will control more than 160 primary care centers that offer routine health screenings and diagnosis to adults. Oak Street Health is a health care network of primary care centers for older adults on Medicare. The company leverages value-based care payment structures to improve outcomes and curb cost. Oak Street Health, which went public in 2020, operates... Read More »
Montecito Medical acquires Bensalem, Pennsylvania MOB

Montecito Medical acquires Bensalem, Pennsylvania MOB

by | Feb 7, 2023 9:52 am | Medical Office Buildings, Other Services

Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a medical office building (MOB) in the greater Philadelphia market area. The 27,500 square-foot MOB, located in Bensalem, Pennsylvania is tenanted by two prominent provider groups, Alliance Cancer Specialists and US Digestive Health/Gastrointestinal Specialists. The property includes an ambulatory surgery center with four operating rooms. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. The acquisition expands... Read More »
Montecito Medical acquires Bensalem, Pennsylvania MOB

Triginta Real Estate Fund Acquires Dutch Medical Office Properties

by | Feb 3, 2023 1:33 pm | Medical Office Buildings

Triginta Real Estate Fund announced that it acquired four medical office buildings (MOB) in The Netherlands from Focus Real Estate. Simmons & Simmons, a London-based law firm with offices across the globe, advised Triginta. The financial terms of the acquisition were not disclosed.  Triginta Real Estate Fund is a real estate developer and investor specializing in repurposing real estate for healthcare institutions and public authorities in Belgium and abroad. The company was founded in 2017 and is based in Ghent, Belgium.  The four properties are in Amsterdam, Rotterdam, Utrecht and Leiden, The Netherlands. The Amsterdam and Rotterdam properties are occupied by Bergman... Read More »
Unmind Acquires Frankie Health

Unmind Acquires Frankie Health

by | Feb 3, 2023 12:38 pm | Other Services

Workplace wellbeing company Unmind announced on Thursday it had acquired Dublin-based Frankie Health. Alongside the deal, Unmind launched Unmind Talk, an offering based on Frankie Health’s global network of mental health providers. Employers will have access to anonymized data including analytics on employee turnover, decreased mental health and absenteeism. Frankie Health develops a personalized mental health platform for organizations to support employees. Its co-founders, James McGann and Seb Poole, will join Unmind alongside the rest of the company’s workforce.  Unmind is a workplace mental health platform that empowers more than 2.5 million employees around the world... Read More »
Rethink Healthcare Real Estate and Heitman LLC Acquire Mansfield, Texas Medical Office Building

Rethink Healthcare Real Estate and Heitman LLC Acquire Mansfield, Texas Medical Office Building

by | Feb 2, 2023 10:58 am | Medical Office Buildings, Other Services

Rethink Healthcare Real Estate and Heitman LLC have acquired a Mansfield, Texas medical office building (MOB) in a joint venture. BlackBirch Capital acted as the exclusive financial advisor to the undisclosed seller. CIT, a division of First Citizens Bank, arranged the debt. The financial terms of the transaction were not disclosed.  The 36,101-square-foot building is leased to an emergency hospital, Emerus. Emerus is the nation’s leading operator of micro-hospitals and a nationally recognized leader in the delivery of emergency, inpatient and diagnostic medical healthcare. Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $53 billion... Read More »
Montecito Medical Real Estate Continues Its Texas Expansion

Montecito Medical Real Estate Continues Its Texas Expansion

by | Feb 2, 2023 10:58 am | Medical Office Buildings, Other Services

Nashville, Tennessee-based real estate investment firm Montecito Medical Real Estate announced that it has acquired a Texas medical office building (MOB).  The 31,247-square-foot building is in the Dallas suburb of Plano. The building is tenanted by five medical providers and is anchored by Dallas Neurological and Spine. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. This acquisition marks Montecito’s 15th transaction in the Dallas-Fort Worth MSA over the last two years. The financial terms of the acquisition were... Read More »