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Sendero Capital and Angelo Gordon Acquire Exeter Medical Office Building
JLL announced on August 10 that Sendero Capital and Angelo Gordon entered an agreement to acquire a medical office building (MOB) in Exeter, New Hampshire. JLL represented Sendero Capital and Angelo Gordon. Financial terms were not disclosed. The 82,000-square-foot property is 92% leased to medical tenants. Its anchors are Access Sports Medicine, Seacoast Pathology and Exeter Hospital. Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston, Massachusetts. The principals of the firm have decades of experience investing in, developing and managing large portfolios of real estate across the United States, including millions of square feet in... Read More »
Pneuma Behavioral Health acquires Bright Path Behavioral Health
Pneuma Behavioral Health announced its strategic acquisition of Bright Path Behavioral Health. According to data captured in the LevinPro HC database, this transaction represents the 45th Behavioral Health Care acquisition of the year. Located in Wake Forest, North Carolina, Bright Path Behavioral Health is a CARF-Accredited, in-network partial hospitalization and intensive outpatient treatment center specifically for adolescents ages 13 to 18. Teens receive treatment for psychiatric disorders that affect multiple aspects of their well-being, including depression, intense anxiety, self-injury, trauma, OCD, ADHD and mood dysregulation. By merging technology and evidence-based treatments... Read More »
Harrison Street Acquires MOB in Escondido, California
Harrison Street, with approximately $56 billion in assets under management, announced the acquisition of Palomar Health Outpatient Center III in Escondido, California for an undisclosed price. Palomar Health Outpatient Center III is a newly developed 72,000 square foot medical office building (MOB) located on the modern campus of Palomar Medical Center Escondido (PMCE). The 56-acre PMCE campus was purpose-built to serve the North County San Diego region. Anchored by Palomar Medical Center, a 288-bed acute care hospital constructed in 2012, the campus also includes three Class-A MOBs that are 100% leased to the Palomar Health system. Harrison Street is headquartered in Chicago with offices... Read More »
US Digestive Health Partners With Blair Gastroenterology Associates
US Digestive Health, a portfolio company of Amulet Capital Partners, is partnering with Pennsylvania-based Blair Gastroenterology Associates. Established in 1980, Blair Gastroenterology Associates consists of a team of physicians specializing in disorders and diseases of the digestive system, which include the esophagus, stomach, small intestine, colon, gallbladder, liver and pancreas. The practice provides a full range of gastroenterology services through its two office locations and surgery center in central Pennsylvania. According to its website, Blair Gastro has more than 100 employees including seven board certified gastroenterologists. US Digestive Health was formed in May 2019... Read More »
Montecito Medical Acquires Hammond, Indiana MOB
Montecito Medical announced on August 9 the acquisition of an 11,118-square-foot medical building (MOB) in Hammond, Indiana. The building is 100% occupied by the Williams Eye Institute and serves as the group’s flagship location. The property is situated approximately 25 miles south of downtown Chicago. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. Montecito worked alongside broker Entheos Capital Partners in completing the transaction. The acquisition expands Montecito’s footprint in the Chicago MSA. The company had... Read More »
Roper Technologies acquires Syntellis Performance Solutions
Roper Technologies, Inc. announced on August 8 that it completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, including a $135 million tax benefit resulting from the transaction. The net purchase price represents approximately 15x Syntellis’ expected 2024 EBITDA. Syntellis Performance Solutions provides enterprise performance management software, data and intelligence solutions for healthcare, higher education and financial institutions. According to the original press release, Syntellis is expected to contribute approximately $185 million of revenue and $85 million of EBITDA in 2024, including planned cost synergies. Roper... Read More »
PAM Group Acquires Occupational Health Provider Connect Health
U.K.-based PAM Group announced its acquisition of Newcastle-based physiotherapy business Connect Health. Connect Health was established in 1989 by Professor Andrew Walton. The company provides community healthcare services to NHS patients across the United Kingdom. According to the press release, the company has £2 million (approximately $2.54 million USD) in annual revenues. PAM Group is an occupational health and well-being specialist which employs more than 700 people. PAM Group set up its physio business in 2010 to help employers to reduce absence by keeping their employees in work and maintaining their physical health and wellbeing. Following the deal, the company will have more than... Read More »
Cincinnati Children’s Hospital Acquires Pediatric Associates of Cincinnati
Cincinnati Children’s Hospital announced on August 7 that it acquired Pediatric Associates of Cincinnati, a three-physician pediatrics practice. In addition to being run by three physicians, Pediatric Associates of Cincinnati has one physician assistant on staff. The pediatric practice serves approximately 2,000 patients. Cincinnati Children’s, a nonprofit academic medical center established in 1883, is one of the oldest pediatric hospitals in the United States. With more than 2,400 specialists, it has more than 26 locations in the Cincinnati MSA. With the acquisition of Pediatric Associates of Cincinnati, Cincinnati Children’s foothold across Ohio is expanded and strengthened. The... Read More »
Kohlberg to Acquire Majority Stake in Worldwide Clinical Trials
An affiliate of Kohlberg & Company, LLC has entered into a definitive agreement to acquire a majority stake in Worldwide Clinical Trials (WCT), in partnership with WCT’s management team. Following the sale to Kohlberg, WCT’s former owner, The Jordan Company, will retain a meaningful minority equity stake in the company. WCT is a full-service contract research organization (CRO) focused on CNS, cardiovascular, metabolic, immune-mediated inflammatory disorders, oncology and rare diseases. Its global footprint spans nearly 60 countries with more than 3,200 team members. Kohlberg & Company LLC is a private equity firm specializing in add-on acquisitions, follow-on acquisitions,... Read More »Schedule a demo
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