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Montecito Medical Buys Chesterton, Indiana Ambulatory Surgery Center
Montecito Medical Real Estate, a leading buyer of medical office properties nationwide, announced that it has acquired a 9,200-square-foot outpatient ambulatory surgery center (ASC) in Chesterton, Indiana. The property is 100% occupied by Dune Grass Surgical Suites. Providers at the property, which was completed in 2022, perform orthopedic and spine surgeries. Montecito Medical Real Estate 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. The Chesterton property represents Montecito’s eighth acquisition in the greater Chicago MSA in the past... Read More »
BelHealth Exits VFP Pharmacy Group
BelHealth Investment Partners, LLC announced that it has completed the sale of Waltham, Massachusetts-based VFP Pharmacy Group. According to data captured in the LevinPro HC database, this transaction represents the 17th Specialty Pharmacy transaction of 2024. There were 15 Specialty Pharmacy transactions during 2023, and 27 announced during 2022. VFP Pharmacy Group is one of the largest independent national fertility pharmacies in the United States. The company was created via the merger of four specialty pharmacies: Village Fertility Pharmacy in Boston, Village Fertility Pharmacy in Chicago, Integrity Rx Specialty Pharmacy in Phoenix and Integrity Rx Specialty Pharmacy in Los Angeles.... Read More »
Recursion and Exscientia Merge
On August 8, Recursion and Exscientia announced plans to merge. The combined company is estimated to achieve annual synergies of approximately $100 million with a runway extending into 2027. Exscientia is a global pharmatech company using patient-first artificial intelligence to discover better drugs. Exscientia combines precision design with integrated experimentation, aiming to invent and develop the best possible drugs in the most efficient manner. According to the company’s financial report, the company generated revenue of $25.6 million for the 12 months ending on December 31, 2023. Recursion is a clinical stage biotechnology company decoding biology to industrialize... Read More »
Surgery Partners Acquires 14 Wisconsin-based Groups
On August 6, Surgery Partners, backed by Boston-based private equity firm Bain Capital, announced that it entered into an agreement to acquire 14 Wisconsin-based orthopedic groups and two ambulatory surgery centers (ASCs) from The Orthopedic Institute of Wisconsin. Surgery Partners is a leading operator of surgical facilities and ancillary services. It has more than 180 locations in 32 states, including ambulatory surgery centers, surgical hospitals, multi-specialty physician practices and urgent care facilities. The Orthopedic Institute Of Wisconsin is a medical group practice with three locations across the state. According to its website, it has 18 physicians on... Read More »
Health Catalyst Finalizes Acquisition of Care Management Company Lumeon Limited
On August 8, Health Catalyst announced that it has successfully completed its acquisition of Boston, Massachusetts-based Lumeon Limited. Health Catalyst, which trades on the NADAQ market under the ticker “HCAT,” funded the transaction with a mix of stock and cash. Financial terms of the deal were not disclosed. Lumeon Limited is a digital health company providing management care solutions to the healthcare industry. With operations in the United States and the United Kingdom, Lumeon is dedicated to helping provider organizations mend broken care coordination processes through automated care orchestration. Leading providers use Lumeon’s Care Orchestration technology to lower costs,... Read More »
SurgNet Health Partners Buys ASC in Tuscaloosa, Alabama
SurgNet Health Partners, Inc. announced on August 8 a partnership with Tuscaloosa Endoscopy Center, a leading provider of gastrointestinal diagnostic and therapeutic endoscopic procedures in West Alabama. The deal closed on July 3, 2024. Tuscaloosa Endoscopy Center is an ambulatory surgery center (ASC) in Tuscaloosa, Alabama. Led by board-certified gastroenterologists Dr. AB Reddy, Dr. Rekha Khurana and Dr. Kartika Reddy, Tuscaloosa Endoscopy Center has been a staple in the region since it was founded in 1982. SurgNet Health Partners is a Nashville-based ambulatory surgery center development and management company. SurgNet was founded in 2022 with backing from three private equity firms:... Read More »
Center for Vein Restoration acquires Vein Specialists of the Carolinas
Center for Vein Restoration (CVR) announced that it acquired Vein Specialists of the Carolinas. Vein Specialists of the Carolinas is a vascular specialist practice with two locations in the Charlotte, North Carolina MSA: Charlotte and Gastonia. According to its website, the practice is run by two physicians (Dr. David Draughn and Dr. Paul Putterman) who are supported by a team of 20. CVR, a portfolio company of Cortec Group, is one of the largest physician-led practices treating vein disease in the country. With more than 100 centers, CVR has more than 500 employees and conducts more than 200,000 patient interactions annually. By adding Vein Specialists of the Carolinas, CVR is expanding... Read More »
Provide Community Acquires Mind Professionals
Provide Community announced on August 5 that it entered into an agreement to acquire Mind Professionals, a United Kingdom-based multidisciplinary therapy center. Founded in 2008 by Dr. Sheheryar Jovindah, Mind Professionals caters to individuals from all age groups and all mental health difficulties. Mind Professionals specializes in three key areas: neurodevelopmental services, expert witness services and healthcare recruitment. The company offers NHS and self-pay healthcare services with several clinics across Essex. Provide Community is a social enterprise delivering a range of community health and social care services across Essex and East Anglia. The not-for-profit organization works... Read More »
Montecito Medical Sells San Antonio Surgery Center
On August 6, Montecito Medical Real Estate announced that it sold an ambulatory surgery center (ASC) in San Antonio, Texas. The buyer and purchase price were not disclosed. The ASC, an 11,544-square-foot building, is 100% occupied by a surgery center operated in partnership between Surgery Partners and a local ophthalmologist. The building was completed in 2019. Montecito Medical Real Estate 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. Montecito Medical is based in Nashville, Tennessee. “We are seeing great interest from investors, and we are... Read More »Schedule a demo
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