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MB2 Dental Acquires Enters 44th State with Iowa Acquisition
On December 10, MB2 Dental Solutions announced that it entered its 44th state with the acquisition of Knoxville Dental Center. Knoxville Dental Center, based out of one location in Knoxville, Iowa, provides comprehensive care for all family members, from children to older adults. Services include extractions, crowns and bridges, whitening, cosmetic dentistry, root canals, dentures/partials, veneers and regular cleanings and checkups. According to its website, there is one physician on staff (Dr. Andrew Secory) who is supported by a team of seven employees. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since... Read More »
Access Physical Therapy & Wellness Acquires Physical Therapy Associates of Schenectady
On December 9, Access Physical Therapy & Wellness (Access PT) announced its acquisition of Physical Therapy Associates of Schenectady. The partnership will expand Access PT’s footprint to 73 clinics across Connecticut, Massachusetts, New York, North Carolina and Pennsylvania. Financial terms of the deal were not disclosed. Physical Therapy Associates of Schenectady is a therapist-owned physical therapy practice with seven clinics across Massachusetts and New York. Access PT is a private physical therapy practice group. Access PT was acquired by Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, in May 2024 for an undisclosed price. According... Read More »
Cypress West and TPG Angelo Gordon Joint Venture Buys MOB in Salt Lake City MSA
Cypress West Partners and TPG Angelo Gordon announced that they have acquired a medical outpatient building (MOB) in Bountiful, Utah. This transaction is part of a two-year programmatic joint venture announced earlier in 2024 between Cypress West and TPG Angelo Gordon. The joint venture was established to acquire up to $300 million in medical office assets across strategic, high-growth West Coast and Sunbelt markets. It targets core-plus and value-add returns through leasing, repositioning and redevelopment. The property is a 112,192-square-foot MOB. The multi-tenant MOB, located four miles north of Salt Lake City, is anchored by Mountain West Surgical Center, a multi-specialty ambulatory... Read More »
Meadville Medical Center Acquires Five Physician Practices from Steward Medical Group
Meadville Medical Center announced that it was purchasing five physician practices from Steward Medical Group. Hubbard Medical Group is based in Hubbard, Ohio and provides family medicine services. According to the original deal press release, there is one physician on staff: Dr. Jean Wilson. Brookfield Internal Medicine provides internal medicine services out of one location in Brookfield, Ohio. There is one physician on staff: Dr. David D’Amore, who is supported by one advanced practice registered nurse, Melissa Moss. Based in Sharon, Pennsylvania, Sharon Family Practice is run by Dr. Gregory George, who provides internal medicine services at the practice. ... Read More »
Berkadia Advises Montecito Medical on Texas MOB Portfolio Acquisition
Montecito Medical Real Estate has acquired an 85,292-square-foot medical outpatient portfolio in Texas. The portfolio consists of two purpose-built, Class A medical outpatient buildings (MOBs) in the Houston and Dallas MSAs. Berkadia’s Medical & Life Sciences platform announced the closing of the sale on December 5, 2024. One of the MOBs, called the Memorial Hermann Sports Park, totals 53,165 square feet and is located on the campus of Memorial Hermann Katy Hospital in Katy, Texas. The two-story medical property was built in 2019 and is 100% leased by Memorial Hermann and Athlete Training & Health. The other MOB, called the Allen Sports Park, is 32,127 square feet and located in... Read More »
Wildcat DX Acquires Navis Clinical Laboratories
Dover, Delaware-based Wildcat DX, LLC announced on December 6 that it acquired a 100% stake in Navis Clinical Laboratories. Navis Clinical Laboratories, headquartered in Franklin, Tennessee, provides laboratory testing solutions tailored for healthcare providers who treat patients with substance use disorder, chronic pain, mental health conditions and other chronic health conditions. The company was founded in 2023. Wildcat DX has a large portfolio of healthcare companies, which include: Encore Wound Care, one of the largest mobile wound care practices in the country, servicing long term care facilities across several states; Encore Surgical Supplies which is a post... Read More »
Behind the Deal: Eden Health Expands Northern Nevada Footprint with Acquisition of A Plus Hospice
Eden Health, a 100% employee-owned healthcare provider operating across seven states, has expanded its regional presence in Northern Nevada through the acquisition of A Plus Hospice Care. The deal, effective November 1, 2024, was facilitated by healthcare-focused M&A advisory firm Agenda Health, headquartered in Austin, Texas. Financial terms of the transaction were not disclosed. Agenda Health became involved early in the process, connecting with the owners of A Plus Hospice in the beginning of 2023. According to Spencer Walters, Senior Director at Agenda Health, the firm facilitated the transaction by identifying strategic buyers aligned with the sellers’ goals. “Agenda Health... Read More »
Montecito Medical Buys MOB in Jacksonville, Florida
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in Jacksonville, Florida. The transaction was announced on December 3, 2024. The 10,475-square-foot specialty MOB is fully occupied by Terk Oncology, a prominent specialty provider. The building features a state-of-the-art linear accelerator vault, enabling precise radiation therapy and enhancing access to advanced treatment for local patients. The property is situated across the street from a major hospital campus. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed... Read More »
