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Ingenovis Health Acquires Springboard Health

Ingenovis Health Acquires Springboard Health

Ingenovis Health, Inc., backed by private investment firms Cornell Capital and Trilantic North America, announced it is acquiring Springboard Healthcare for an undisclosed price. Citizens Bank, N.A. and KeyBanc Capital Markets are acting as joint lead arrangers for the transaction. Davis Polk & Wardwell LLP is acting as legal advisor to Ingenovis, Cornell Capital and Trilantic North America. Citizens M&A Advisory is acting as financial advisor to Springboard, and Dinsmore & Shohl LLP is acting as its legal advisor. The transaction is Ingenovis’ third in the past 12 months, following its acquisitions of HealthCare Support, a leading provider of clinical and non-clinical allied... Read More »
Buchanan Street Partners Buys Laguna Hills, CA MOB

Buchanan Street Partners Buys Laguna Hills, CA MOB

Buchanan Street Partners is acquiring Oakbrook Plaza, a four-story, 120,354-square-foot office property in Laguna Hills, California. Buchanan is purchasing the building from a New York City-based fund manager for $28.1 million in an off-market transaction. Kevin Shannon, Paul Jones and Brandon White with Newmark represented the seller in the transaction. The Laguna Hills property is located less than one mile from MemorialCare Saddleback Medical Center and near several retirement communities. The property is 66% occupied, of which 30% of the existing space is leased to medical tenants. Buchanan Street Partners is a real estate investment management firm based in Newport Beach, California.... Read More »
Anchor Health Properties Acquires Clackamas, Oregon MOB

Anchor Health Properties Acquires Clackamas, Oregon MOB

Anchor Health Properties announced its acquisition of a 19,916-square-foot medical office building (MOB) in Clackamas, Oregon, through its Chestnut Healthcare Fund II, a discretionary equity investment vehicle co-managed with Chestnut Funds.  Synovus Bank provided debt financing for the asset that was sold by Providence Health. Terms of the deal were not disclosed. Completed in 2009, the building is part of a two-building campus totaling 55,000 square feet. The fully leased building is anchored by Clackamas Radiation Oncology Center, a joint venture between Providence Health and The Oregon Clinic division of Radiation Oncology. The tenant roster also includes the Cancer Institute... Read More »
KKR to Acquire Bushu Pharmaceuticals From BPEA EQT

KKR to Acquire Bushu Pharmaceuticals From BPEA EQT

KKR & Co. L.P. and Bushu Pharmaceuticals Ltd. announced on December 20 a definitive agreement under which KKR will acquire all shares in Bushu Pharmaceuticals from Asian private equity firm BPEA EQT. KKR is making its investment from one of its Asia-focused investment funds. The transaction is expected to be completed in Q1 2023, subject to customary approvals and closing conditions. Following the transaction’s completion, KKR aims to accelerate Bushu’s growth and further position it as a leading contract development and manufacturing organization (CDMO) for the pharmaceuticals market in Japan and worldwide. Terms of the deal were not disclosed. Bushu Pharmaceuticals Ltd. was... Read More »
Prism Vision Group Acquires Lakeview Surgery Center

Prism Vision Group Acquires Lakeview Surgery Center

Prism Vision Group has acquired Lakeview Surgery Center. This marks Prism’s sixth ambulatory surgery center (ASC) and the second in the Washington D.C., Maryland and Virginia market. Terms of the deal were not disclosed. Lakeview Surgery Center in Bowie, Maryland, is a 9,900-square-foot facility that has two operating suites and exclusively provides ophthalmic surgery five days per week. Prism Vision Group (formerly known as NJ/Retina), a portfolio company of private equity firm Quad-C Management, is a physician-led ophthalmology administrative services care provider. Launched in July 2019, Prism has 870 locations, more than 150 providers and more than 1,300 employees throughout New... Read More »
Montecito Medical Acquires 4-Building Medical Office Property

Montecito Medical Acquires 4-Building Medical Office Property

Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a four-building portfolio in eastern Indiana and western Ohio. All four buildings, which total nearly 32,000 square feet, are tenanted by Whitewater Eye Centers. The properties include the group’s headquarters in Richmond, Indiana. The acquisition expands Montecito’s footprint in Indiana and Ohio. Terms of the deal were not disclosed. 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. According to the LevinPro HC... Read More »