• AngelEye Health Buys SupportSpot Platform from Child Life On Call

    AngelEye Health announced on March 25 the acquisition of the SupportSpot platform from Austin, Texas-based Child Life On Call. The SupportSpot platform was developed by Child Life On Call, a digital platform dedicated to child life–informed psychosocial support and procedural preparation resources for pediatric patients and their families.... Read More »
  • Vitality Global Acquires Ramp Health

    Vitality Global will be acquiring Ramp Health for an undisclosed price, according to a March 25 press release. Ramp Health is a comprehensive, full-service risk mitigation provider that partners with employers, government agencies and insurers to improve employee health and safety, increase engagement and reduce healthcare and workers’... Read More »
  • Greenhouse Medical Plaza in Houston, TX Sold

    According to a March 24 press release, Edloe Realty has acquired Greenhouse Medical Plaza in Houston, Texas. Greenhouse Medical Plaza is a 116,869-square-foot medical outpatient building (MOB). Constructed in 2014, the MOB is currently 57% leased to an attractive mix of healthcare tenants, with a recently completed two-operating room,... Read More »
  • Gilead Sciences to Buy Ouro Medicines for $1.68 Billion Upfront

    Gilead Sciences has plans to acquire Ouro Medicines based in South San Francisco, California. The transaction, which was announced on March 24, includes an upfront payment of approximately $1.68 billion, along with up to $500 million in milestone-based payments linked to development and regulatory progress. Ouro Medicines is a privately held... Read More »
  • The Money Always Wins: A Healthcare Webinar Wrap Up

    Last week, Ben Swett, Managing Editor of The SeniorCare Investor, was joined by John Tiedmann, Managing Director at Physician Growth Partners, Bill Hoffman, Shareholder at Polsinelli and Matt Bogle, Managing Director at Intrinsic, to discuss the trends facing the healthcare industry. Based on data in the LevinPro HC database, the conversation... Read More »

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UnitedHealth’s Optum Continues Buying Spree with Kelsey-Seybold Clinic Acquisition

UnitedHealth’s Optum Continues Buying Spree with Kelsey-Seybold Clinic Acquisition

Just one week after its parent company UnitedHealth Group spent $5.4 billion on home health provider LHC Group, Optum, has continued the buying spree and announced the acquisition of Kelsey-Seybold Clinic, a large, multi-specialty group practice based in Houston, Texas. Financial terms of the transaction were not disclosed. Founded in 1949 by Dr. Mavis Kelsey, Kelsey-Seybold Clinic is Houston’s premier multispecialty group practice with more than 500 physicians and allied health professionals practicing at more than 30 locations in the Greater Houston area. Kelsey-Seybold offers quality medical care in 55 medical specialties. The organization operates multi-specialty care centers, a... Read More »
Development Solutions Expands in Georgia with the Acquisition of 4 Clinics

Development Solutions Expands in Georgia with the Acquisition of 4 Clinics

On March 23, Development Solutions and Facilities, a health care-focused real estate firm, announced that it was acquiring four medical office buildings in Georgia for $11.85 million. Development Solutions and Facilities is run by David Fowler and based in Birmingham, Alabama. It strategizes and executes solutions to develop, lease, manage, own, co-own, invest, acquire and monetize real estate assets. The Georgia properties include the Toccoa Clinic MedAccess in Toccoa, The Foothills Retail Center in Toccoa, Northeast Georgia Physicians Group Pediatrics in Lavonia and NGPG Primary Care in Clayton. The properties are occupied by Northeast Georgia Physicians Group and total 104,548 square... Read More »
Job.com Acquires Healthcare Recruitment Firm QCI Healthcare

Job.com Acquires Healthcare Recruitment Firm QCI Healthcare

On March 2, Job.com, the data-driven, AI-powered recruitment platform, announced the acquisition of QCI Healthcare, a Grand Rapids, Michigan-based staffing agency. This marks the fourth successful staffing agency acquisition by Job.com, which is strategically continuing to build its position leading the digital transformation of the industry. The transaction closed on December 23. Terms of the multi-million-dollar acquisition were not disclosed. QCI Healthcare is a Grands Rapids, Michigan-based recruitment company that provides health professionals to facilities in need of supplemental staffing on a per diem basis, or for contracts ranging anywhere from 8-26 weeks. It also provides private... Read More »
The Rise Fund Acquires Blue Cloud Pediatric Surgery Centers

The Rise Fund Acquires Blue Cloud Pediatric Surgery Centers

On February 28, The Rise Fund, TPG’s multi-sector global impact investing strategy, announced the acquisition of Blue Cloud Pediatric Surgery Centers, an operator of pediatric dental ambulatory surgery centers (ASCs) dedicated to providing dental care to pediatric and special needs patients under general anesthesia. Financial terms of the transaction were not disclosed. The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’... Read More »
Lionstone Investments Acquires Orange County MOB for $125 Million

Lionstone Investments Acquires Orange County MOB for $125 Million

Lionstone Investments made its first move into the medical office sector with the acquisition of Newport Lido Medical Center, a two-building medical office complex totaling 146,510 square feet in Newport Beach, California. The buyer paid $125 million for the fully leased asset through an all-cash transaction, according to Orange County records. Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work. Lionstone Investments is an offering brand of Lionstone Partners, LLC,... Read More »
Montecito Medical Makes Another Acquisition

Montecito Medical Makes Another Acquisition

On January 3, Montecito Medical, a premier owner of medical office properties throughout the United States, has completed the acquisition of a new medical office building located in the Kansas City suburb of Lee’s Summit, Missouri. The property, which opened in 2020, offers just over 40,500 square feet of rentable space and is 100% leased. The property is advantageously situated north of downtown Lee’s Summit next to Interstate Highway I-470. With a population of more than 101,000, Lee’s Summit has become the sixth-largest city in Missouri. The primary tenant is Beacon Surgery Center (BSC), a joint venture between local physician partners and Partners Surgical, a national operator and... Read More »