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 & 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 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, 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 »
Occupancy Rates, Job Growth Provide Strength for Healthcare Real Estate
Steve Bolen provided encouraging news for attendees at the December 13 New York Healthcare Summit in New York City’s financial district. “For 2022, health care was among the top targeted sectors for expansion within virtually every one of our capital sources,” said Bolen, the U.S. head of healthcare real estate at LaSalle Investment Management. “For 2023, healthcare real estate is among the top targeted sectors for expansion for our clients.” Bolen’s confidence hasn’t been shaken by speculation that next year could bring an economic downturn for the United States. “There’s a growing chorus of economists suggesting that a recession could be a reality in 2023,” Bolen said. “That is a... Read More »Schedule a demo
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