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Remedy Medical Properties Makes Fourth Acquisition of the Year

Remedy Medical Properties Makes Fourth Acquisition of the Year

by | Jun 7, 2022 10:01 am | Medical Office Buildings, Other Services

Remedy Medical Properties, Inc., purchased another medical office building (MOB) facility. On June 2, Remedy announced that it acquired a two-property MOB portfolio in South Portland, Maine, for $29.75 million from East Brown Cow Management, Inc., marking Remedy’s fourth deal of 2022. The deal closed on May 27.  The two buildings have a combined 76,700 square feet. Primary tenants of the property include InterMed, a physician-owned medical group, and Chest Medicine Associates, a medical practice that specializes in pulmonary and sleep care. The price of the transaction was $387 per square foot. Remedy Medical Properties is a national healthcare real estate company for health systems... Read More »
BD Enters New Pharmacy Automation Solutions Market With Parata Systems Acquisition

BD Enters New Pharmacy Automation Solutions Market With Parata Systems Acquisition

by | Jun 6, 2022 2:30 pm | eHealth, Other Services, Private Equity, Specialty Pharmacies

On June 6, Becton, Dickinson and Company (BD), a leading global medical technology company, entered into a definitive agreement to acquire Parata Systems, an innovative provider of pharmacy automation solutions, for $1.53 billion from leading private equity firm Frazier Healthcare Partners. The transaction will be complementary to BD’s solutions in medication management with a new set of technologies across the care continuum, including acute care health systems, retail pharmacies, long-term care and home settings. Ropes & Gray LLP advised Becton, Dickinson and Company in the acquisition. Parata provides BD access to a new $600 million pharmacy automation market segment that is... Read More »
Carlyle-Backed CorroHealth Closes Two Deals

Carlyle-Backed CorroHealth Closes Two Deals

by | May 31, 2022 7:53 am | Other Services, Private Equity

In its first two deals since creation, CorroHealth, a portfolio company of private equity firm The Carlyle Group, acquired two separate revenue cycle management (RCM) companies, Aergo Solutions and ParaRev. The financial terms for neither of the transactions were disclosed.  In October 2020, TrustHCS, Visionary RCM, T-System and RevCycle+ merged to become CorroHealth. It provides a greater breadth of reimbursement cycle, risk adjustment and quality solutions to health systems and payers.  Backed by Northstar Capital and founded in 1993, Aergo Solutions solves revenue cycle challenges through a customized mix of services, technology and consulting. Aergo is a leader in denials... Read More »
JLL Acquires Flagstaff, AZ MOB for $17.2 Million

JLL Acquires Flagstaff, AZ MOB for $17.2 Million

by | May 26, 2022 11:47 am | Medical Office Buildings

The medical office building (MOB) sector seems to never sleep, as JLL Income Property Trust, an institutionally managed daily NAV REIT with approximately $6.5 billion in portfolio assets, acquired yet another MOB. JLL announced on May 25 that it would acquire Flagstaff Medical Center, a newly constructed, state-of-the-art MOB in Flagstaff, Arizona, for $17.2 million. According to the LevinPro HC database, this transaction marks the 82nd MOB transaction of the year so far, as well as the 26th transaction of Q2:22. Additionally, this marks JLL’s 7th MOB acquisition of 2022. So far, the REIT has acquired approximately 315,869 square feet for nearly $146.4 million in announced spending.... Read More »
Sila Realty Trust Acquires Pleasant Hills MOB

Sila Realty Trust Acquires Pleasant Hills MOB

by | May 23, 2022 2:11 pm | Medical Office Buildings, Other Services

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 Acquires Its Third Ketamine Treatment Provider of 2022

by | May 23, 2022 1:57 pm | Other Services

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 »