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Alliance Consolidated Group of Companies Announces Purchase of Arlington, TX MOB
Alliance Consolidated Group of Companies, a leader in commercial real estate investment, announced on October 17 that it has successfully completed the purchase of a new medical property in Texas for $6 million. The acquisition was made through the Alliance Medical Fund. The acquired asset is a 15,110-square-foot medical outpatient building (MOB) in Arlington, within the Dallas-Fort Worth MSA. MCS Dallas Medical, PLLC provides premier orthopedic care in the state-of-the-art facility. The MOB sold for approximately $397 per square foot. Founded in 1995, Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings. All assets are... Read More »
Elevance Health Adds To Carelon Portfolio With Carebridge Acquisition
Elevance Health has signed a deal to purchase Carebridge, a Nashville, Tennessee-based manager of home care and community-based services. The agreement to buy Carebridge was disclosed by Elevance Health president and chief executive officer Gail K. Boudreaux during a call on the morning of October 18, 2024 to discuss the company’s third quarter earnings. CareBridge helps coordinate care of individuals who receive home and community-based services by providing 24/7 access to a clinician. CareBridge generates more than $4 billion annually, according to a spokeswoman with Oak HC/FT, an investment firm that helped start the company in 2019. Elevance Health, formerly Anthem, Inc., connects... Read More »
Archimed Strengthens Presence in Occupational Health Medical Device Market With Acquisition
Global private equity healthcare specialist Archimed announced on October 16 that it has acquired FIM Medical. The company is being acquired by ArchiMed’s latest fund, MED Rise, which closed on €400 million (approximately USD $436 million) in April 2024. FIM Medical is a prominent company in the French occupational health medical device market. The company is a designer, manufacturer and supplier of medical screening devices. It provides vision, hearing and respiratory care products, using proprietary technology in both its medical devices and software. ArchiMed is an independent investment firm focused exclusively on healthcare industries. It has directly managed and invested in... Read More »
Montecito Medical Acquires Two MOB Portfolios
Montecito Medical, a leading buyer of medical outpatient properties nationwide, made two deal announcements on October 15, 2024. The first was the acquisition of a two-building medical office building (MOB) portfolio in central Alabama. The two Alabama MOBs, located in in Birmingham and Montgomery, respectively, are fully leased and total more than 25,700 square feet. Surgical Dermatology Group, a market-dominant specialty provider with nine locations across Alabama, is the anchor tenant. The Birmingham property, which includes an ambulatory surgery center, is Surgical Dermatology Group’s flagship location. The second deal announcement was the acquisition of a two-building MOB portfolio in... Read More »
Preferred Physical Therapy Acquires Elite Sports Medicine & Physical Therapy
On October 14, Preferred Physical Therapy (PPT) announced that it entered into an agreement to acquire Elite Sports Medicine & Physical Therapy for an undisclosed price. Elite Sports Medicine & Physical Therapy is a therapist-owned physical therapy practice located in Leawood, Kansas. PPT, a member of the Confluent Health network, is a Gladstone, Missouri-based private physical therapy practice group. This partnership will further strengthen PPT’s footprint, expanding their presence to more than 30 clinics across Kansas and Missouri. Elite will gain access to valuable resources, including premier partnerships in physical therapy through the PTPN... Read More »
Acadia Healthcare Acquires Three Comprehensive Treatment Centers in South Carolina
Acadia Healthcare Company, Inc. announced on October 15 the acquisition of three opioid treatment program clinics in South Carolina, which provide treatment for people seeking recovery from opioid use disorder. The clinics were formerly the opioid treatment programs of Recovery Concepts, Recovery Concepts of the Carolina Upstate and Clear Skye Treatment Center. Acadia is a leading provider of behavioral healthcare services across the United States. As of June 30, 2024, Acadia operated a network of 258 behavioral healthcare facilities with approximately 11,400 beds in 38 states and Puerto Rico. With more than 23,500 employees serving approximately 75,000 patients daily, Acadia is the... Read More »
Lundbeck Acquires Longboard Pharmaceuticals for $2.6 Billion
H. Lundbeck A/S, a specialty pharmaceutical company, announced that it acquired Longboard Pharmaceuticals. Longboard shareholders will be offered a payment of $60 per share in cash. The transaction is valued at approximately $2.6 billion equity value and $2.5 billion (approximately DKK 17 billion) net of cash, on a fully diluted basis. The cash consideration represents a 77% premium to the 30-day volume-weighted average price of shares of Longboard common stock as of September 30, 2024. Longboard is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard’s small molecule product candidates are based... Read More »
Hologic Acquires Gynesonics for $350 Million
On October 14, Marlborough, Massachusetts-based Hologic, Inc. announced that it entered into an agreement to acquire Gynesonics, Inc. for $350 million. Founded in 2005 and based in Redwood City, California, Gynesonics develops and sells the Sonata System. The Sonata System is a technology intended for diagnostic intrauterine imaging and transcervical treatment of certain symptomatic uterine fibroids, including those associated with heavy menstrual bleeding. Hologic, Inc. develops, manufactures and sells premium diagnostic products, medical imaging systems and surgical products, primarily for women’s health. According to its most recent annual report,... Read More »
Integrated Pain Solutions Acquires Cincinnati Comprehensive Pain Center
On October 7, Integrated Pain Solutions (IPS), supported by American Pain Consortium, announced that it acquired Cincinnati Comprehensive Pain Center. Cincinnati Comprehensive Pain Center is a pain management practice with one location in Fairfield, Ohio. According to the press release, there are four physicians on staff. IPS is a network of interventional pain management practices with locations in Columbus, Dublin, Fairfield and Springfield, Ohio that uses minimally invasive treatments to help patients manage pain and regain strength and mobility. American Pain Consortium is a network of interventional pain management practices and pain-focused ambulatory surgical... Read More »Schedule a demo
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