Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40

Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Investment Firm New Mountain Capital Buys Contract Research Organization Emmes

Investment Firm New Mountain Capital Buys Contract Research Organization Emmes

by | Jun 28, 2022 9:35 am | CRO, Other Services, Private Equity

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

by | Jun 27, 2022 1:45 pm | Other Services

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

by | Jun 20, 2022 3:53 pm | CRO, Other Services, Private Equity

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 »
Marcus & Millichap Brokered $6.6 Million MOB Sale in La Porte, Indiana

Marcus & Millichap Brokered $6.6 Million MOB Sale in La Porte, Indiana

by | Jun 16, 2022 12:11 pm | Medical Office Buildings, Other Services

Marcus & Millichap, a California-based commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced on June 14 it brokered a $6.6 million sale of a 16,700-square-foot medical office building (MOB) in La Porte, Indiana. Constructed in 2011, the MOB is fully occupied by Northwest Health, a subsidiary of Community Health Systems. The building has a full-service sports medicine clinic with a surgery center, imaging room and aquatic therapy pool. Marcus & Millichap’s Frank Roti and Brett Rodgers, first vice presidents of investments, represented the seller, an Indiana-based developer, and procured the buyer, an... Read More »
Montecito Medical Acquires Three Medical Office Building Portfolios in June

Montecito Medical Acquires Three Medical Office Building Portfolios in June

by | Jun 14, 2022 9:42 am | Medical Office Buildings, Other Services

Montecito Medical Real Estate has had an active June, purchasing three medical office building (MOB) portfolios in Georgia, Nevada and Virginia.  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. Montecito acquired a 27,606-square-foot MOB in Chesterfield, Virginia, on June 3, for $12.25 million from Stanley Shield Partnership. The building opened in 2018 and is 100% leased to four tenants: Vital Care Family Practice; LabCorp; James River Cardiology; and Absolute Dermatology & Skin Cancer Center. The providers at the... Read More »
Medical Transportation Management Will Grow to $1 Billion Valuation With Veyo Acquisition

Medical Transportation Management Will Grow to $1 Billion Valuation With Veyo Acquisition

by | Jun 10, 2022 11:44 am | Other Services

Alaina Macia, president and CEO of Medical Transportation Management, Inc. (MTM), announced the acquisition of Veyo, a nonemergency medical transportation services (MTS) company that developed an Uber-style model to get Medicaid and Medicare patients to their doctor’s appointments. Macia expects MTM’s total annual revenue to increase to approximately $1 billion USD. According to the LevinPro HC database, this marks the 244th Other Services transaction of 2022, as well as the fifth deal within the MTS subsector. This is an approximately 33% increase from 2021, when there were 183 Other Services transactions announced during the same period, with four MTS transactions announced.... Read More »