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Joint Venture Acquires Brunswick, Ohio MOB

Joint Venture Acquires Brunswick, Ohio MOB

Remedy Medical Properties and Kayne Anderson Real Estate partnered for the purchase of a 35,000-square-foot medical office building (MOB) in Brunswick, Ohio. Two companies, gastroenterology specialist One GI and The MetroHealth System, currently occupy the building. The venture bought the fully occupied offices for $11 million, totalling $314.29 per square foot. The acquisition comes after Digestive Disease Consultants, the original tenant of the building and seller in the transaction, merged with One GI earlier this year. Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with more than 26... Read More »
Unifeye Vision Partners Expands in California

Unifeye Vision Partners Expands in California

Unifeye Vision Partners, backed by Waud Capital Partners, announced on November 2 that it acquired Eye Care of San Diego.  Unifeye Vision Partners (UVP) is a network of eye care providers. The company provides management and support services to ophthalmology and optometry practices as well as single-specialty eye surgery centers. UVP extends its operations to a network of 108 providers, 38 clinic locations and nine ambulatory surgery centers. The company is headquartered in Dallas, Texas. The ophthalmology practice has three locations in California and is run by five providers.  This acquisition represents UVP’s ninth partnership in California and its 13th overall. The... Read More »
Medical Solutions acquires Staffing Company Host Healthcare

Medical Solutions acquires Staffing Company Host Healthcare

Medical Solutions, an Omaha, Nebraska-based healthcare staffing firm, announced on November 1 its acquisition of Host Healthcare, an award-winning staffing company based in San Diego, California. Host Healthcare will continue to operate independently as its own brand under the Medical Solutions parent company. Terms of the deal were not disclosed. Host Healthcare was founded in 2012 and has experienced rapid growth in the healthcare staffing industry. The company specializes in nursing, allied and therapy staffing and has earned numerous healthcare staffing industry awards in categories including fastest-growing privately held companies in the United States and best places to work. Medical... Read More »
ActivePro Rehab Partners Expands In New Jersey

ActivePro Rehab Partners Expands In New Jersey

ActivePro Rehab Partners, a portfolio company of The Beekman Group, announced on November 1 that it acquired Rehab Excellence Center.  Founded in 2001, Rehab Excellence Center is a leading provider of physical therapy services throughout southern New Jersey that, pre- acquisition, operated six locations. ActivePro Rehab Partners manages rehabilitation clinics. More than 40 years ago, it was formed to accelerate clinic growth in New Jersey and beyond.  The addition of Rehab Excellence expands ActivePro’s coverage across the state with 48 locations in 16 New Jersey counties. Rehab Excellence, in turn, will operate 12 locations. Terms of the acquisition were not disclosed.... Read More »
Trivest Partners’ Portfolio Company Acquires Patient Engagement Company

Trivest Partners’ Portfolio Company Acquires Patient Engagement Company

On October 31, Unosquare, a portfolio company of private equity firm Trivest Partners, announced its acquisition of Catalyst UX, a patient engagement company. Unosquare s a global digital engineering company providing full-cycle digital transformation services, both nearshore and onshore, from delivery centers in the United States, Mexico, Colombia, Bolivia and the United Kingdom. Founded in 1994, Catalyst UX is a leading digital experience agency focused on the healthcare, life sciences and FinTech markets. Catalyst will complement Unosquare’s more than 1,000 delivery professionals and global operations across three continents. The acquisition adds to Unosquare’s strategy of providing its... Read More »
Medical Office Building M&A Activity Soars: Anchor Health & JLL Make Big Moves In the Market

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 »