Sila Realty Trust Acquires Pleasant Hills MOB
On May 19, Sila Realty Trust, Inc., a public, non-traded REIT focused on healthcare properties, announced the acquisition of a multi-tenant medical office building (MOB) in Pleasant Hills, Pennsylvania for a contract purchase price of $14 million, excluding acquisition costs. This is Sila Realty Trust’s third transaction since the start of 2022 and the 78th MOB acquisition of the year. In January, Sila Realty Trust acquired a portfolio consisting of three MOBs totaling 132,617 square feet and two parcels of land totaling 1.52 acres for $47 million. Then, in March, the company acquired a Class-A MOB in the Oklahoma City area for $19.4 million. The Pleasant Hills property is a single-story... Read More »
Irwin Naturals Acquires Its Third Ketamine Treatment Provider of 2022
Irwin Naturals completed its acquisition of KHC Capital Group, LLC, which owns a chain of five ketamine treatment clinics in Florida plus an additional partnership contract with an affiliate clinic in Mexico. Financial terms of the transaction were not disclosed. The addition of the new ketamine clinic to Irwin Natural’s expanding footprint positions Irwin Naturals well for accelerated profit growth. This acquisition also marks Irwin Natural’s second announced deal of the month, after the nutraceuticals (natural products and supplements) company acquired New England Ketamine PLLC, a healthcare clinic in Salem, New Hampshire that provides ketamine infusions to the residents of New... Read More »
Montecito Medical Expands Further into New York
On May 11, Montecito Medical announced that it acquired two medical office buildings (MOB) outside of Rochester, New York. The two properties, which are in Penfield, are 100% leased to University of Rochester Medicine (UR Medicine). UR Medicine is one of the largest healthcare systems in New York and consists of almost 1,500 beds and more than 1,000 specialists. Montecito Medical is one of the largest privately-held companies specializing 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 acquisition continues the expansion of Montecito’s footprint in... Read More »
Montecito Medical Acquires Yet Another MOB in Hagerstown, Maryland
On May 3, Montecito Medical, a premier owner of medical office properties throughout the United States, completed the acquisition of a new medical office building located in Hagerstown, Maryland. Julian P. Etches and Joe Donegan of Scheer Partners, Inc., brokered the transaction. Financial terms were not disclosed. The 20,454 square-foot medical office property is 100% occupied by Hagerstown Heart, the market area’s dominant cardiology practice which is affiliated with Meritus Health, a regional health system that serves patients in Maryland, West Virginia and Pennsylvania. Located northwest of Washington, D.C., Hagerstown anchors one of the fastest growing metropolitan areas in the... Read More »
Infusion Associates Expands Deeper into Michigan
On May 2, Infusion Associates, a Grand Rapids, Michigan-based infusion center, announced that it was purchasing Okemos Infusion Center, marking the 10th infusion services acquisition of 2022, the first of May and the first for Infusion Associates since 2018. The financial terms of the transaction were not disclosed. Infusion Associates is independently owned; it has more than five locations in the state and more than 90 healthcare professionals caring for upwards of 2,500 patients a month. Based in Okemos, Michigan, Okemos Infusion Center provides support to patients seven days a week. Okemos Infusion Center will be rebranded to Infusion Associates, joining one of the fastest growing... Read More »Schedule a demo
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