Montecito Medical Acquires MOB in Fayetteville, Arkansas

Montecito Medical Acquires MOB in Fayetteville, Arkansas

Montecito Medical Real Estate completed the acquisition of a medical office building (MOB) on July 12th in Fayetteville, Arkansas. The two-story, 19,000-square-foot building is fully occupied under a new, long-term lease by Northwest Arkansas Pathology Associates, which provides pathology services to 12 hospitals and more than 100 clinics and outpatient facilities throughout northwest Arkansas and eastern Oklahoma. In addition to the main building, the property also includes a 2,500-square-foot back building. With 22% growth since 2013, the Fayetteville-Bentonville-Rogers-Springdale MSA, commonly known as northwest Arkansas, is one the nation’s fastest growing markets. The area enjoys per... Read More »
Akeso Occupational Health acquires MedWorks Medical Center

Akeso Occupational Health acquires MedWorks Medical Center

Akeso Occupational Health announced its acquisition of MedWorks Medical Center, bringing its total number of clinics in California to 14. Terms of the deal were not disclosed. Akeso will combine the resources of its Santa Maria, clinic with MedWorks to increase its occupational health coverage from northern San Louis Obispo County through southern Santa Barbara County. Founded in 1999, MedWorks Medical Center is an urgent care center in Templeton, California, located in in San Luis Obispo County. MedWorks serves a diverse group of local agricultural, hospitality and other industrial employers. Headquartered in Irvine, California, Akeso Occupational Health is a workplace health resource... Read More »
Big Sky Medical Real Estate Acquires 2 Tampa Area Medical Office Buildings From Harrod Healthcare Real Estate

Big Sky Medical Real Estate Acquires 2 Tampa Area Medical Office Buildings From Harrod Healthcare Real Estate

Dallas-based Big Sky Medical Real Estate, whose key management has more than $2 billion in healthcare-related real estate investment experience, has acquired two medical office buildings (MOB) in the Tampa, Florida, MSA from Harrod Healthcare Real Estate. The buildings are in Brandon and Plant City, Florida, and contain a combined 75,000 square feet of space with tenants focusing on the medical and life science sectors. Terms of the deal were not disclosed. Big Sky’s investment focus can be found throughout the Southwest, Southeast, Midwest and Mid-Atlantic regions. Chicago-based JLL represented Harrod Healthcare Real Estate in the transaction. According to the LevinPro HC database, this... Read More »
Investment Firm New Mountain Capital Buys Contract Research Organization Emmes

Investment Firm New Mountain Capital Buys Contract Research Organization Emmes

New Mountain Capital (NMC) announced that it is acquiring Emmes, a contract research organization (CRO) based in Rockville, Maryland, from Behrman Capital.  Founded in 1999, New Mountain Capital is an investment firm taht manages more than $35 billion in assets. It is based in New York City with offices in San Francisco and London. During 2021, NMC raised more than $10.2 billion in private equity funding.  Emmes serves academic institutions, government agencies, non-profit organizations, foundations and biopharmaceutical companies in more than 60 countries. Emmes has more than 1,300 employees and achieved $110 million in 2021 revenue. It was founded in 1977.  This is NMC’s... Read More »
Alluvion Health acquires Moore Medical Clinic in Choteau, Montana

Alluvion Health acquires Moore Medical Clinic in Choteau, Montana

Alluvion Health is expanding to Choteau, Montana, with the acquisition of Moore Medical Clinic, a medical group practice that has been owned and operated by nurse practitioner Caralynn Moore for the past 30 years. The transition will take place on July 1, 2022. The new ownership will expand Moore Medical Clinic’s providers and services, including lab and radiological services in addition to primary care. Terms of the deal were not disclosed. Alluvion Health is a locally owned and operated not-for-profit health center focusing on providing primary and preventive medical, dental and behavioral care. Alluvion Health is governed by a board of directors including at least 51% patients and... Read More »
Private Equity Firm Astorg acquires Dutch Contract Research Organization

Private Equity Firm Astorg acquires Dutch Contract Research Organization

Astorg announced on June 20 that it acquired Avania, a global, full-service MedTech contract research organization (CRO) based in the Netherlands.  Avania specializes in medical devices, technology and combination products. It was formed in March 2020 from the combination of five complementary businesses and established a platform to serve sponsors worldwide in advancing medical technology products from early development to post-market. It ensures customized, scalable solutions that optimize efficiencies and streamline the advancement of medical technology. Astorg is a global private equity firm with $15.7 billion of assets under management. Astorg partners with management teams to... Read More »