JLL Advises the Sale of Two Cincinnati Medical Office Buildings
Azora Exan announced on January 30 that it acquired two medical office buildings (MOB) in Cincinnati for $78 million. 90 North Real Estate LLP, a real estate investment manager, was the seller. JLL represented both 90 North Real Estate and Azora Exan in the transaction. JLL also arranged the acquisition loan for Azora. The Offices at Vernon Manor is a seven-story, 156,000-square-foot building that was built in 1924 and renovated in 2011. Offices @ Vernon Place consists of 147,130 square feet and is a four-story building. It was completed in 2017. Both buildings are fully leased by Cincinnati Children’s Hospital. The price is approximately $257 per square foot. Founded in 2013, Azora Exan... Read More »
Charles River Laboratories acquires SAMDI Tech for $50 Million
Charles River Laboratories International, Inc. (NYSE: CRL) announced on January 30 that it acquired SAMDI Tech, Inc. The purchase price was $50 million in cash for 80% ownership. Based in Chicago, Illinois, SAMDI Tech offers a proprietary mass spectrometry (MS) technology for high-throughput analysis of biochemical activities and affinity selection MS for identifying binding interactions. Charles River Laboratories is a provider of research tools and integrated support services that enable drug discovery and development, including genetically and virally defined purpose-bred lab animals. In 2021, the company reported revenue of $3.54 billion. The combination of Charles River’s... Read More »
Wellness Coaches Acquires Corporate Health Solutions
Blue Bell, Pennsylvania-based Wellness Coaches has announced its acquisition of Corporate Health Solutions (CHS) in Jamison, Pennsylvania. Wellness Coaches has acquired all CHS client contracts, personnel, technology and intellectual property to enhance its health and well-being offerings and ensure a seamless transition for CHS customers. CHS’ customers will have access to a wider range of clinical and well-being services from a single provider. Terms of the deal were not disclosed. For more than two decades, CHS has been a provider of healthcare solutions to employers. Offerings include biometric testing, health coaching, health assessments and physician consulting services.... Read More »
Agile Occupational Medicine Merges With Pinnacle HealthCare
California-based Agile Occupational Medicine announced the completion of its merger with Pinnacle HealthCare. Combined, the practices total 14 clinics throughout California and Yuma, Arizona, creating the fourth-largest occupational medical group in California. Terms of the deal were not disclosed. Agile Occupational Medicine is an owner and operator of occupational healthcare clinics. From drug screenings to workplace injury treatment, Agile offers a range of occupational health programs that help employers maintain a healthy and safe workforce, while providing cost-effective health care for local companies and employees. Founded in 1999, Pinnacle HealthCare provides medical care... Read More »
Boston-area Life Sciences Campus Acquired for Nearly $600 Million
In what has been reported by the Boston Business Journal as one of the largest commercial property transactions in the Boston area during the past year, CS Capital Management, Inc. has acquired a Waltham, Massachusetts-based life sciences campus for $578 million. The seller was TPG Real Estate’s Alloy life science platform. TPG bought the nearly 600,000-square-foot campus in 2020 for $340 million with a strategy of attracting more life science tenants through a lab conversion. CS Capital Management is a real estate investment management and advisory company with approximately $848 million of institutional assets under management. According to data captured in the LevinPro HC database, this... Read More »Schedule a demo
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