GFH Financial Group Grabs Another Medical Office Building Portfolio
GFH Financial Group, a Bahrain-based investment firm, has purchased a portfolio of 11 medical office buildings for $400 million. The assets are spread across California, Texas, Maryland and Louisiana and have a total of 1 million square feet. The price breaks out to approximately $400 per square foot. This portfolio’s properties are anchored by Baylor Scott & White, Texas A&M Health Science Center, Texas Tech University, Memorial Hermann and Tidal Health. GFH said in its release announcing the deal that the portfolio has been performing well, “with 99% rent collection during the COVID-19 pandemic.” The assets also house different specialty providers, positioning them for... Read More »
Atlas Healthcare Partners & Banner Health Acquire 2 Arizona ASCs
Atlas Healthcare Partners, in partnership with Banner Health, one of the largest nonprofit health care systems in the country, announced the acquisition of two ambulatory surgery centers (ASCs) in Scottsdale and Tucson, Arizona. The two ASCs, Banner Surgery Center – Desert Vista and Banner Cardiovascular Center – Tanque Verde, grow Atlas Healthcare’s portfolio to 27 ASCs that it manages throughout the United States. Banner Surgery Center – Desert Vista, located in Scottsdale, Arizona, will feature two operating rooms. It will also provide pain management and spine services in partnership with two physician investors. Banner Cardiovascular Center – Tanque Verde was converted from an... Read More »
PE Firm One Equity Partners Acquires Staffing Provider Prime Time Healthcare
One Equity Partners, a middle-market private equity firm, announced on September 27 its acquisition of healthcare staffing services provider Prime Time Healthcare. Financial terms of the transaction were not disclosed. Founded in 2012 and based in Omaha, Nebraska, Prime Time provides placement services for registered nurses, licensed practical nurses, certified nursing assistants and allied health clinicians to approximately 8,500 healthcare facilities across the U.S. The company specializes in travel nursing and provides additional services including per diem nursing, temporary-to-permanent nursing placement and permanent nursing assignments. Coker Capital served as the exclusive... Read More »
AW Property Company acquires Florida MOB
AW Property Company has acquired Woolbright Medical Plaza, which consists of two medical office buildings (MOBs) totaling 33,154 square feet in Boynton Beach, Florida. JLL Capital Markets announced on September 26 that it closed the sale and represented the seller, TopMed Realty. Terms of the transaction were not disclosed. Woolbright Medical Plaza is 93% leased to several physician medical groups providing radiology/imaging, ENT, primary care, dentistry and physical therapy services. Anchor tenants include Akumin Corp., ENT Associates of South Florida and Kindred Healthcare. TopMed converted and rebranded the office complex to a medical office plaza and increased its occupancy from 63% to... Read More »
BioIVT Acquires Fidelis Research in Fourth Acquisition of 2022
BioIVT, a portfolio company of private equity firm Linden Capital Partners and formerly known as BioreclamationIVT, announced on September 26 its acquisition of Fidelis Research, a Sofia, Bulgaria-headquartered provider of biospecimen collection, laboratory processing and analysis, clinical research and patient support programs. Terms of the deal were not disclosed. With this acquisition, Westbury, New York-based BioIVT will be able to expand its support of precision medicine research in multiple therapeutic areas, most notably in oncology. Fidelis Research is an 85-site clinical biospecimen collection network in southeastern Europe. The company also has cell isolation capabilities and... Read More »Schedule a demo
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