Will 2023 be the Year Medical Office Building M&A Activity Declines?
Did transaction activity peak in 2022 in the medical office building (MOB) market? While that question will officially be answered at the end of this year, it may already be time to start thinking about the possibility of a drop in MOB deal activity in 2023. According to data captured from the LevinPro HC database, there were 214 MOB deals in 2022 and 160 MOB transactions in 2021. Alan Pontius, senior vice president and national director of Marcus & Millichap’s office, industrial and healthcare divisions, discussed headwinds that look to shape the MOB market in 2023. “We’ll probably see a flattening, even a modest decrease, in overall activity,” Pontius said. “In the first quarter of... Read More »
Concentra Acquires Lehigh Valley Health Network’s Occupational Health Business in Bethlehem and Allentown, Pennsylvania
Concentra, Inc., a division of Select Medical, announced on January 23 the acquisition of the occupational health business of Lehigh Valley Health Network (LVHN) in Bethlehem and Allentown, Pennsylvania. This includes the former LVHN locations of HealthWorks–Allentown, HealthWorks–Trexlertown, HealthWorks–Bethlehem, Healthworks–Bethlehem Township and HealthWorks–Highland Avenue (previously Coordinated Health–Highland Avenue). All occupational health services previously provided at these locations are now provided by Concentra. Terms of the deal were not disclosed. Concentra’s Bethlehem and Allentown centers offer the full suite of occupational health services, including work injury care,... Read More »
HealthLynked Sells ACO Health Partners Subsidiary
HealthLynked announced on January 20 that it has signed a definitive agreement to sell its ACO Health Partners subsidiary to PBACO Holding, LLC, which operates under the name Palm Beach Accountable Care Organization (PBACO). According to data captured in the LevinPro HC database, this acquisition represents the first accountable care organization (ACO) transaction of 2023. There was just one ACO deal announced during 2022. Under the terms of the agreement, HealthLynked will receive $750,000 in cash, as well as up to $2.25 million incremental cash based on agreement to participate in PBACO by AHP’s existing physician practices or newly added practices, scaled based on the number... Read More »
Montecito Medical Acquires 6-Building MOB Portfolio in Kansas City Area
Montecito Medical Real Estate, a leading acquirer of medical office properties nationwide, has completed its acquisition of a six-building medical office building (MOB) portfolio in the greater Kansas City marketplace. The seller and anchor tenant in the transaction were represented by Collin Hart and Marc Flynn of ERE Healthcare Real Estate Advisors. The portfolio acquisition expands Montecito’s footprint in the Kansas City area. Terms of the deal were not disclosed. The buildings, which total 95,769 square feet, are tenanted by Discover Vision Centers. The six properties are located in Kansas City, Olathe and Leawood, Kansas, as well as Raymore, Independence and Blue Springs, Missouri.... Read More »
Tigermed Acquires Marti Farm
Hangzhou, China-based Tigermed has acquired Zagreb, Croatia-based Marti Farm. Terms of the deal were not disclosed. Marti Farm is a contract research organization (CRO) dedicated to assisting the healthcare, pharmaceutical and food supplement sectors in developing and delivering health-improving outcomes. The company’s global reach is expanding, with results delivered in more than 50 countries to more than 150 clients. Tigermed is a global provider of integrated research and development solutions for the biopharmaceutical and medical device industries. Tigermed represents a worldwide network of more than 100 subsidiaries and 180 service locations with more than 10,000 employees... Read More »Schedule a demo
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