Walgreens Inks $100M Deal to Boost Clinical Trials

Walgreens Inks $100M Deal to Boost Clinical Trials

Walgreens Boots Alliance Inc. is teaming up with the U.S. government to revolutionize clinical trials. The pharmacy giant has secured a $100 million deal to expand its decentralized clinical trial platform, aiming to make research more accessible and inclusive. Walgreens’ decentralized clinical trial platform offers several advantages for both patients and researchers. For patients, it provides greater flexibility and convenience by allowing them to participate in trials closer to their homes and on their own schedules. This can help to increase enrollment rates, especially among underserved populations. For researchers, the platform streamlines the trial process by automating tasks... Read More »
Moses/Weitzman Health System Acquires Waterbury, Connecticut MOB 

Moses/Weitzman Health System Acquires Waterbury, Connecticut MOB 

Belfonti Companies LLC announced that it sold a Waterbury, Connecticut medical outpatient building (MOB) for $2.9 million. The buyer was The Moses/Weitzman Health System. The transaction closed on July 31, 2024 and was announced on August 13, 2024.  The MOB consists of 15,520 square feet and is situated on more than 1.6 acres of land, according to property records. It is occupied by the Community Health Center of Waterbury. The price was approximately $187 per square foot.  Belfonti is a real estate developer that acquires, develops, renovates and manages value-added real estate development and investment assets throughout the United States and abroad. The company is based in... Read More »
Altrix Technology Acquires TFS Healthcare and Soleus People

Altrix Technology Acquires TFS Healthcare and Soleus People

Altrix Technology announced on August 14 that it has acquired two United Kingdom-based healthcare staffing companies: TFS Healthcare and Soleus People. TFS Healthcare specializes in the placement of healthcare professionals on a temporary, contract and permanent basis within the National Health Service (NHS) and private organizations, nationwide. When it was founded in 2010, the company initially focused on supplying mental health professionals. It now supports more than 60 trusts with a contingent workforce across various healthcare specialties. Soleus People, incorporated in 2014, is a nurse staffing firm that provides general and specialist nurses to 28 clients across the NHS and the... Read More »
MTM Acquires NEMT Business of Access2Care

MTM Acquires NEMT Business of Access2Care

Medical Transportation Management, Inc., doing business as MTM, Inc., announced that it acquired Access2Care LLC nonemergency medical transportation (NEMT) business. Founded in 1998, Access2Care is the industry’s third-largest NEMT broker, officials said. Access2Care growth has taken it up to management of more than 8.6 million trip requests for more than 5.5 million people in nearly 30 states. The company also has a network of 1,900 NEMT providers with 14,000 vehicles, as well as 1,400 employees. MTM provides transit services to clients in Missouri. The company offers non-emergency medical transportation, home health coordination, preventative care and ambulance claims management... Read More »
Värde Partners Purchases MOB in Blue Ash, Ohio for $40 Million

Värde Partners Purchases MOB in Blue Ash, Ohio for $40 Million

Värde Partners has acquired a medical outpatient building (MOB) in Blue Ash, Ohio for $40 million, including $16 million in cash, according to Hamilton County Auditor documents. Cincinnati Eye Institute, whose parent company was acquired for $600 million by St. Louis-based EyeCare Partners in 2021, occupies the MOB as a tenant. Constructed in 1985, the building last sold in 2005 for $9.7 million. It was most recently appraised in 2023, resulting in an $18 million valuation. The 113,723-square-foot building, which includes an outpatient surgical center and medical offices, is being sold for more than $351 per square foot. Värde Partners is a leading global alternative investment firm... Read More »

Montecito Medical Buys Chesterton, Indiana Ambulatory Surgery Center

Montecito Medical Real Estate, a leading buyer of medical office properties nationwide, announced that it has acquired a 9,200-square-foot outpatient ambulatory surgery center (ASC) in Chesterton, Indiana. The property is 100% occupied by Dune Grass Surgical Suites. Providers at the property, which was completed in 2022, perform orthopedic and spine surgeries. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. The Chesterton property represents Montecito’s eighth acquisition in the greater Chicago MSA in the past... Read More »