Pinnacle Clinical Research Acquires South Texas Research Institute
Pinnacle Clinical Research, a portfolio company of LongueVue Capital, announced on January 10 its successful combination with South Texas Research Institute (STRI). The combined Pinnacle and STRI platform expands its network and geographic footprint to six stand-alone and dedicated sites, enhances patient recruitment diversity and increases scale. STRI’s Founder and CEO Dr. Rashmee Patil will assume the role of CEO of the combined business. Terms of the deal were not disclosed. Headquartered in Edinburg, Texas, South Texas Research Institute is a multi-location clinical site organization specializing in complex indications, including hepatology with a focus on non-alcoholic fatty... Read More »
Healthcare Realty Trust Sells Georgia Medical Office Building Portfolio
On January 9, a medical office building (MOB) portfolio in Atlanta and Rome, Georgia was sold by Healthcare Realty Trust, Inc. to AW Property Company. The transaction was financed by Ally Bank. Terms were not disclosed. The portfolio consists of nine buildings that total 350,000 square feet. Anchored by Harbin Clinic and First Georgia Physicians Group, the facilities were 90% leased. Other tenants include Piedmont, Northside Hospital and Fresenius Medical Care. AW Property Company is a real estate investment company that specializes in acquiring and enhancing medical and professional office properties in major markets throughout the Southeast. It is based in North Palm Beach,... Read More »
Irwin Naturals Going Full Speed Ahead With Ketamine Clinic Acquisition Spree
Irwin Naturals Inc. had a busy year in 2022 as it acquired ketamine clinics throughout the U.S. And it appears that 2023 will feature additional purchases by the company. CEO Klee Irwin said in a May 16 press release, “With over 100 clinics in our M&A pipeline, we are well-positioned to work towards our goal of establishing the nation’s largest clinic chain.” According to the LevinPro HC database, the activity mirrored an uptick in deal activity within the Infusion Services subsector, which includes ketamine clinics. There were 27 Infusion Services deals reported last year, compared with 10 such transactions in 2021, 5 in 2020 and 2 in 2019. “The biggest buyer of ketamine clinics... Read More »
Big Sky Medical Acquired Modesto Medical Office Building
Big Sky Medical announced on January 6 that it acquired a medical office building (MOB) in Modesto, California. The property consists of two buildings: a multi-tenant MOB and an ambulatory surgery center (ASC). The MOB is occupied by Valley Orthopaedics and Pacific Medical Inc. The ASC is occupied by River Surgical Institute and Pacific Medical Inc. Together, the buildings total 20,695 square feet. Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate with a concentration in the medical office and life science sectors. Big Sky Medical, which is headquartered in Dallas, has more than $2 billion in healthcare real estate... Read More »
Huma Acquires German CRO Alcedis
Huma Therapeutics Limited, a global digital health company, announced on January 9 its acquisition of Alcedis GmbH for an undisclosed price. Through the acquisition, Huma will form an advanced clinical trials division offering digital solutions across the entire development pipeline, from early stage through to Phase IV hybrid and fully decentralized trials. Alcedis GmbH is a contract research organization (CRO) for data driven clinical research and technology utilization. Headquartered in Hessen, Germany, Alcedis has more than 25 years of clinical trial experience. Huma Therapeutics produces applications that integrate health data from hospital databases as well as patient wearables and... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
