Anchor Health Properties Acquires Johns Creek, Georgia Medical Office Building
Anchor Health Properties announced on October 19 that it acquired a medical office building in Johns Creek, Georgia. Terms of the deal were not disclosed. Completed in 1998, the Class A, 96,357-square-foot, four-story property is a former commercial office building that will be fully converted to medical office space. The property is 30 miles from Atlanta and one mile from Emory Johns Creek Hospital. The building was purchased in an off-market execution via a joint venture with Chestnut Healthcare Fund II, an equity fund Anchor co-manages with Chestnut Funds, and funds managed by global investment firm Carlyle. The seller was a private entity formed by six of the property’s tenants.... Read More »
Agile Expands California Presence with Acquisition of Emeryville Occupational Medicine
Agile announced on October 19 that it purchased Emeryville Occupational, marking the sixth occupational health deal of the year. Emeryville Occupational Medicine has a main location in Emeryville, California, as well as satellite locations in Sacramento, Redding and Santa Cruz. The practice treats pain, trauma, lacerations, burns, contusions, sprains, strains and fractures. Agile is an occupational medicine clinic group with locations in Emeryville, Gardena, Redding, Sacramento, Santa Cruz and Wilmington, California. This acquisition expands and strengthens Agile’s presence in California. Financial terms of the transaction were not disclosed. Read More »
Navvis and Esse Health Merge To Form Surround Care
Navvis and Esse Health, two leaders in population health and value-based care, announced on October 20 that they would merge and form a new healthcare company called Surround Care. The combination is set to close on October 31, 2022. Financial terms of the deal were not disclosed. Surround Care, the new parent company of Navvis and Esse Health, projects revenues of $663.5 million in 2022 and has 1,200 employees, over 4 million attributed patients being served, 4,600 affiliated physicians and operations in nine states. Esse Health is an independent physician group that strives to improve the overall well-being of its patients through patient education, lifestyle modification and prevention.... Read More »
Agora Realty & Management Acquires Tarzana, California Medical Office Building for $30 Million
Calabasas, California-based Agora Realty & Management acquired a 75,000-square-foot medical office building in Tarzana, California, for $30 million. The three-story Tarzana Medical Plaza is 90% occupied with tenants that include Providence Healthcare Systems, Cedars-Sinai Medical Care and Unilab Corp. Interior and exterior changes will be made at the property. The interior renovation will include upgraded elevators, modern corridor finishes, lighting upgrades and expanded and renovated lobby areas. Solar panels will be added. Agora’s portfolio encompasses more than 2 million square feet of retail space in the western U.S. with several new, ground-up developments in various phases of... Read More »
Montecito Medical Acquires Uniontown, PA MOB
On October 14, Montecito Medical Real Estate announced that it acquired a medical office building (MOB) in Uniontown, Pennsylvania. The financial terms of the acquisition 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. The building consists of 17,865 square feet and is fully occupied under long-term lease agreements by two medical tenants: U.S. Digestive Health and Southwestern Endoscopy Center. The Uniontown acquisition continues Montecito’s expansion in Pennsylvania, where the company has acquired five... Read More »Schedule a demo
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