Medical Office Building M&A Activity Soars: Anchor Health & JLL Make Big Moves In the Market
Through the first half of 2022, the medical office building (MOB) space had been busy, creating near-record breaking deal volume. As one of the most active markets, many people, us included, have considered it to be impervious to recession or economic stress. But, as 2022 continues onward, industry experts are starting to see a decline in deal activity. Economic pressures such as higher labor costs and the looming (or already upon us) recession, there is much to cause concern as operators doubt tenant’s rent paying abilities. From January 1 through October 28, 2022, there have been 180 MOB deals, which is a 62% increase from the same time frame of 2021 when 111 deals were recorded.... Read More »
ARC Health Acquires Focus Forward Counseling & Consulting
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Focus Forward Counseling & Consulting, Inc. (FFCC), a multilingual therapy practice with two locations in the Atlanta, Georgia area. This marks ARC Health’s third acquisition of October 2022. Terms of the deal were not disclosed. FFCC’s 27 psychiatrists, psychologists and therapists offer their services in Mandarin, Hindi, Punjabi, Danish, Hebrew, Russian and Spanish. The company provides child and adolescent counseling, LGBTQIA counseling, individual therapy, couples counseling and marriage and family resources. Additionally, they treat anxiety and depressive disorders, substance abuse and trauma... Read More »
Thermo Fisher Acquires The Binding Site Group for $2.6 Billion
Thermo Fisher Scientific Inc. announced its acquisition of The Binding Site Group, a global specialist protein diagnostics company, from a shareholder group led by European private equity firm Nordic Capital, in an all-cash transaction valued at £2.25 billion, or $2.6 billion at current exchange rates. The transaction is expected to be completed in the first half of 2023. The Binding Site will become part of Thermo Fisher’s Specialty Diagnostics segment and is expected to be accretive to adjusted earnings per share by $0.07 for the first full year of ownership. The Binding Site specializes in the research, development, manufacture and distribution of tests used for the detection of... Read More »
Guardian Dentistry Partners Strengthens Foothold in Three States
Guardian Dentistry Partners announced that it acquired five dental clinics, expanding its presence in Florida, Virgina and North Carolina. The clinics are Drs. Belton & Schrimper General Dentistry (2 proviers) in Rocky Mount, North Carolina; Great Boca Smiles (1) in Boca Raton, Florida; John Andre, DDS & Associates (2) in Innsbrook and Glen Allen, Virginia; Jupiter Dental Care (1) in Jupiter Florida; and Tony D. Clark, DMD (1) in Fort Walton Beach, Florida. Guardian Dentistry Partners is a dental support organization that provides services and growth opportunities for its network of dentist partners. Founded in 2018, Guardian has expanded to support dental entrepreneurs... Read More »
Medrina Purchases Radial Health
Medrina, backed by Webster Equity Partners, announced on October 26 that it acquired Chicago-based Radial Health. Medrina was represented by Goodwin Procter LLP and CohnReznick LLP. Reed Smith LLP acted as healthcare regulatory counsel. Formally known as Integrated Rehab Consultants, Medrina has been providing physiatry services since 2010. Medrina partners with skilled nursing facilities (SNFs) and has since become one of the largest groups of physiatrists in the country, focusing on SNFs and expanding in the inpatient hospital setting. Founded in 1996 by Dr. Lynn Mershon, Radial Health is a medical group located primarily in Illinois and Florida, specializing in rehabilitation,... Read More »Schedule a demo
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