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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 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
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, 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 »
