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Ira Capital & Oaktree Acquire 12-Property Medical Outpatient Portfolio Spanning 600,000 Square Feet
IRA Capital, one of the leading private buyers of healthcare real estate in the United States, announced on July 31 the acquisition of twelve Class-A medical outpatient buildings (MOBs) through a newly established partnership with funds managed by Oaktree Capital Management, L.P. The acquired MOBs span 600,000 square feet and involve properties from two separate institutional sellers and feature a mix of single and multi-tenant MOBs situated in prime medical corridors across California, Texas, Florida and Oregon. The portfolio is anchored by prominent health systems and leading medical providers, including UC Davis Health, Palomar Health, UCLA, CommonSpirit, Ascension, McKesson and SCA... Read More »
Dental365 acquires The Art of Dentistry and Spa
Dental365, backed by private equity firm The Jordan Company, announced it acquired The Art of Dentistry and Spa. The Art of Dentistry and Spa is a dental practice in Somerset, New Jersey. The practice offers dental services such as oral surgery, custom dentures and general and cosmetic dentistry. According to its website, the practice has seven providers on staff. Dental365 is a full-service family dental practice and support organization with locations throughout New York, Connecticut, New Jersey, Pennsylvania, New Hampshire, Massachusetts and Rhode Island. Dental365 was acquired by The Jordan Company in July 2021. This acquisition signifies Dental365’s continued commitment to serving... Read More »Tindall Orthodontics Partners with Southern Orthodontic Partners
Southern Orthodontic Partners (SOP) announced that it was expanding its presence in Kansas with the acquisition of Tindall Orthodontics. TUSK Partners advised Tindall Orthodontics in this transaction. The financial terms were not disclosed. Tindall Orthodontics is based in Manhattan, Kansas and, according to its website, has one provider on staff: Dr. Mark Tindall. Based in Nashville, Tennessee, SOP is a portfolio company of Shore Capital Partners. The company works with orthodontic practices to provide expertise in finance, marketing, recruiting, benefits and other practice administration to allow orthodontists to focus on patient care. According to data captured in the LevinPro HC... Read More »
M&A Deal Volume Increases in July 2024: A Conversation with Andre Ulloa and Mark Thomas
In July 2024, there were 175 healthcare transactions reported, marking an 8% increase from June 2024 when 162 deals were announced and a 4% from July 2023 when 168 healthcare acquisitions were reported. The deal volume of July 2024 accounts for nearly 15% of the 1,190 healthcare transactions announced since the start of 2024. The most active sector was Other Services with 56 acquisitions. Other Services is a catch-all/miscellaneous sector that encompasses a variety of transactions from medical outpatient buildings (MOBs) to contract development manufacturing organizations (CDMOs). In July 2024, there were 19 MOB transactions, four infusion service acquisitions and two CDMO deals. The... Read More »
Boehringer Ingelheim Acquires Nerio Therapeutics for $1.3 Billion
Boehringer Ingelheim announced on July 29 that it will buy Nerio Therapeutics for $1.3 billion. With the purchase of Nerio Therapeutics, Boehringer Ingelheim is also picking up a preclinical immune checkpoint inhibitor program that it hopes will become the “centerpiece” of its immune-oncology portfolio. Nerio Therapeutics is a biotechnology company focused on the life sciences sector. It was founded in 2019 and is based in La Jolla, California. Nerio has been working on small molecules that inhibit protein tyrosine phosphatases N1 and N2 (PTPN1 and PTPN2). PTPN1 and PTPN2 regulate cytokine signaling and T cell receptor signaling, with preclinical research suggesting inhibiting them can... Read More »
Sila Realty Trust, Inc. Completes $28.25 Million Acquisition in Fort Smith, Arkansas
Sila Realty Trust, Inc. announced on July 29 the $28.25 million acquisition of an inpatient rehabilitation facility located in Fort Smith, Arkansas. The Fort Smith facility offers intense rehabilitation tailored to the individual needs of those recovering from stroke, brain injury, neurological conditions, trauma, spinal cord injury, amputation and orthopedic injury. The approximately 62,500-square-foot facility was built in 2021 and is fully leased to Mercy Rehabilitation Hospital, a joint venture between Mercy Hospital Fort Smith and Lifepoint Health. Sila Realty Trust, Inc. is a public, non-traded real estate investment trust headquartered in Tampa, Florida. It invests in high-quality... Read More »Smile Doctors Acquires 4 Dental Practices
Smile Doctors, LLC, a portfolio company of Linden Capital Partners and Thomas H. Lee Partners, announced on July 24 that it entered into an agreement to acquire four dental practices. Otto Orthodontics offers orthodontic care from five locations in Missouri; Wentzville, St. Peters, Fenton, St. Louis and Creve Coeur. According to its website, the practice has five providers on staff. Smile Construction Orthodontics is an orthodontic practice with locations in White House, Gallatin and Hendersonville, Tennessee. According to its website, the practice has one provider on staff: Dr. Clay Fulks. Dixon Orthodontics provides quality orthodontic care, braces and Invisalign®... Read More »
Big Sky Medical Acquires MOB in Cedar Park, Texas
Big Sky Medical announced the acquisition a 38,709-square-foot Class A medical outpatient building (MOB) located in Cedar Park, a suburb of Austin, Texas. The property is 100% net- leased to Baylor Scott & White Health, Texas’s largest not-for-profit healthcare system. The Cedar Park facility offers a wide range of medical services, including preventive care, primary care and specialized treatments. Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate, with a concentration in the medical office and life science sectors. The firm, which is headquartered in Dallas, has more than $2 billion in healthcare real estate investment... Read More »
Heartland Dental Expands in Florida with Acquisition of Vanderbilt Estates Dental
Heartland Dental announced that it entered into an agreement to acquire Vanderbilt Estates Dental for an undisclosed price. Vanderbilt Estates Dental is based in Naples, Florida and provides preventative dentistry, emergency dentistry and restorative dentistry. According to the website, the practice has one provider on staff: Dr. Gillian Plummer-Molina. Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations across 38 states. The company is majority-owned by KKR, a global investment firm. According to data captured in the LevinPro HC database, this deal... Read More »Schedule a demo
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