Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Cardinal Health Inks Two Deals Worth $3.9 Billion
Cardinal Health announced plans to buy two companies in an aim to expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine. The Dublin, Ohio-based company announced on November 12 that it entered into definitive agreements to acquire a majority stake in GI Alliance for $2.8 billion. Cardinal Health is acquiring 71% ownership in GI Alliance from a combination of GI Alliance physician owners and funds managed by affiliates of Apollo Global Management. On the same day, Cardinal Health announced that it plans to buy Carlsbad, California-based Advanced Diabetes Supply Group (ADSG) for approximately $1.1 billion in cash.... Read More »
Onicx Group Purchases Second MOB of 2024
Tampa-based Onicx Group has announced the acquisition of a medical outpatient building (MOB) in Trinity, Florida. The property is a two-story, 31,000-square-foot Class A MOB located in a high-growth suburb within the Tampa Bay region. Constructed in 2008, the MOB is situated on a BayCare Health System outpatient campus and boasts a strong tenant mix, including Orthopaedic Associates of West Florida, a subsidiary of the Florida Orthopaedic Institute. The MOB features an occupancy rate exceeding 91%. Onicx Group is a prominent developer and a trusted real estate partner for health systems and physician practices, with a longstanding focus on healthcare real estate. This acquisition marks the... Read More »
New Day Healthcare Acquires Intrepid USA’s Missouri and Texas Hospice Assets
On November 11, Texas-based New Day Healthcare announced its acquisition of Intrepid USA’s hospice operations in Joplin and Springfield, Missouri and Beaumont, Texas. Dallas-based home health and hospice provider Intrepid USA’s geographic footprint spans 66 locations in 14 states. Intrepid has two locations in Beaumont, Texas, where the company provides home-based hospice, palliative and supportive care services. The company provides hospice care at home through its location in Joplin, Missouri. New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused... Read More »
Academic Medical Centers Push Further into the M&A Market
Health systems have kept busy in 2024, building up their hospital portfolio and expanding into the post-acute care space. Through October 31, they have announced 113 deals, which puts activity on pace to break the 2023 total of 117 deals. The uptick in activity can partly be attributed to investment strategies stemming from academic medical centers (AMCs), which have played a larger role in the healthcare M&A space over the past few years. In 2023, AMCs announced 22 deals; through October 31, there have already been 24 deal announcements. For context, in 2019, there were only 15 acquisitions from AMCs, most of them transactions for a single hospital. ... Read More »
MB2 Dental Enters 43rd State
MB2 Dental Solutions announced that it entered into its 43rd state with the acquisition of Wiemeyer Dentistry and Contemporary Prosthodontics, two separate dental practices that are both owned by Drs. Samuel R. Lee and Andrew S. Wiemeyer. The financial terms were not disclosed. According to its website, Contemporary Prosthodontics’ only physicians on staff are Drs. Lee and Wiemeyer, while Wiemeyer Dentistry has two additional physicians on staff. Both practices are based in Duxbury, Massachusetts. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, partners with dentists and specialists. Founded in... Read More »
Health in Motion Expands Footprint in Wisconsin With New Acquisition
Health In Motion, part of the Confluent Health family, has announced the acquisition of Wisconsin-based Spooner and Hayward Physical Therapy & Wellness (SHPT). SHPT is a therapist-owned physical therapy practice providing care to patients in Spooner, Wisconsin and Hayward, Wisconsin. Health In Motion is a private physical therapy practice group. The company owns 11 clinics across Wisconsin and Pennsylvania. Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, is a nationwide network of physical and occupational therapy companies at the forefront of advancing musculoskeletal solutions. This partnership will allow SHPT to maintain its same quality of... Read More »
Montecito Medical Acquires MOB in St. Louis MSA
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in the St. Louis, Missouri, MSA. The transaction was announced by Montecito Medical on November 8, 2024. The 22,100-square-foot MOB is fully occupied by St. Louis Heart & Vascular, a full-service cardiology and vascular practice. Financial terms of the deal were not disclosed. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. “We are excited to add this property to our... Read More »
Avid Bioservices to be Acquired by PE Firms in $1.1 Billion Transaction
Avid Bioservices, Inc., GHO Capital Partners LLP and Ampersand Capital Partners announced that they have entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1 billion. The transaction is expected to close in the first quarter of 2025. Avid Bioservices is a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing its services to biotechnology and pharmaceutical companies. According to its most recent annual report, Avid Bioservices’ revenue during the fiscal year (FY) ended April 30, 2023 was $149.3 million, and... Read More »
Behind the Deal: HREA Secures Buyer for Chapel Hill MOB in 1031 Exchange Deal
HREA | Healthcare Real Estate Advisors announced that it procured an all-cash 1031 exchange buyer for the sale of a Chapel Hill, North Carolina medical outpatient building (MOB). We spoke with Christopher Stai, Managing Director of HREA, who was able to provide insight into the transaction. HREA, based in Raleigh, North Carolina, with offices in San Diego and Denver, is a leading advisor in the healthcare real estate sector, specializing in providing healthcare providers, investors and developers with acquisition, disposition and capitalization strategies throughout the United States. The MOB is 100% leased and occupied by UNC Physicians Network, a healthcare network of more... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
