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Cushman & Wakefield Arranges Acquisition Financing for MOB Portfolio in Paducah, Kentucky
Cushman & Wakefield announced that it represented investor Montecito Medical Real Estate in securing $15 million in bank financing for a medical outpatient building (MOB) portfolio in Paducah, Kentucky. The acquired assets include two MOBs in Paducah, Kentucky. The two-building portfolio consists of 100 Clint Hill Boulevard, which totals 18,610 square feet, and 200 Clint Hill Boulevard, which totals 43,346 square feet, on approximately 14 acres near U.S. Highway 62 and Interstate 24. It is fully occupied by Mercy Health-Lourdes Hospital LLC, an affiliate of Bon Secours Mercy Health. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding.... Read More »
Grosvenor Health and Social Care Acquires Esteem Care Holdings in Multimillion-Pound Deal
U.K.-based home care provider, Esteem Care Holdings, has been sold to Grosvenor Health and Social Care. Esteem Care Holdings provides more than 7,150 care hours weekly to 620 clients through a team of 250 care staff. With branches in Manchester, Leeds, Carlisle, Kendal, Dumfries and Stranraer, Esteem Care’s team focuses on personalized care, with the goal of eliminating loneliness, promoting good nutrition and enhancing safety at home. Grosvenor Health and Social Care is a U.K.-based provider of health and social care services intended for young adults and the elderly. The company offers personal health support, domiciliary care, homecare, as well as quick discharge services across the... Read More »
Hospice of the Western Reserve Completes Affiliation With Hospice of North Central Ohio
Hospice of the Western Reserve announced that it has completed its affiliation with Hospice of North Central Ohio (HNCO), expanding its geographic presence in Ohio. Headquartered in Ashland, Ohio, HNCO is a non-profit, community-oriented organization serving the Ashland, Crawford, Huron, Knox, Morrow, Richland and Wayne counties. Headquartered in Cleveland, Ohio, Hospice of the Western Reserve provides palliative end-of-life care, caregiver support and bereavement services throughout Northern Ohio. The organization is a subsidiary of Western Reserve Care Solutions (WRCS), a nonprofit community-based agency focused on supporting individuals with advanced chronic disease and terminal... Read More »
AmeriPro Health Expands Services in Michigan with Acquisition of Rapid Response EMS
AmeriPro Health, an Atlanta-based leader in patient logistics and last-mile healthcare delivery services, announced on August 1 that it has acquired Rapid Response EMS. Based in Romulus, Michigan, Rapid Response EMS provides emergent and non-emergent ambulance and wheelchair patient transport services in Michigan. Founded in 2018, AmeriPro Health is a tech-enabled, medical transportation and patient logistics platform that serves a diverse group of leading health systems and communities across Florida, Georgia, Indiana, Kentucky, Michigan, Mississippi, South Carolina and Tennessee. The company’s portfolio comprises emergency and critical care services, non-emergency medical... Read More »
Eximia Research Acquires Tidewater Clinical Research
On July 31, Eximia Research announced that it acquired Tidewater Clinical Research, a contract research organization (CRO) that is based in Norfolk, Virginia. Since 1994, Tidewater Clinical Research has been at the forefront of women’s health research in the Hampton Roads/Eastern Virginia region. With a substantial patient database and a strong network of investigators, Tidewater has conducted numerous clinical trials that have significantly advanced medical knowledge and patient care. Eximia is a multi-site, multi-therapeutic, clinical research site network serving pharmaceutical, biotech companies and CROs and providing Phase I-IV research services across a diverse... Read More »
TowerBrook Capital Partners and Clayton, Dubilier & Rice Acquire R1 RCM for $8.9 Billion
On August 1, TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R) announced that they entered into an agreement to acquire R1 RCM Inc. for $8.9 billion. R1 RCM Inc. is a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers. The revenue cycle management (RCM) company operates models seamlessly to complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash while driving revenue yield, reducing operating costs and enhancing the patient experience. With offices in London and New York, TowerBrook is a private... Read More »
Värde Partners and Unity Medical Properties Acquire Florida ASC for $14.5 Million
Värde Partners and Unity Medical Properties announce a joint venture to acquire an ambulatory surgery center (ASC) in Palm Beach Gardens, Florida. The price is $14.5 million. The ASC’s tenant is Laser and Surgery Center of the Palm Beaches. It is a single-story building that sits on 1.9-acres of land. Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. It was founded in 1993 and the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Unity Medical Properties is a real estate investment firm. Nothing else was disclosed. This is... Read More »
TheraEx Staffing Merges With SVC Group
TheraEx Staffing is merging with SVC Group in a deal that closed in June, the companies announced in a July 26 press release. Based in Concord, California, TheraEx Staffing provides travel nursing and allied healthcare professionals on a per diem and travel basis. It also began a locum tenens business two years ago, and growth of this division is a primary focus. Staffing Venture Capital, also called SVC Group, provides best-in-class talent in the recruitment industry. SVC is based in Nevada and owned by the Fante family. Both companies will merge expertise and resources to create a more comprehensive entity. Both firms are retaining their distinct entities and operational structures.... Read More »
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 »Schedule a demo
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