Suven Pharma Picks Up Majority Stake in U.S.-Based NJ Bio
India-based Suven Pharmaceuticals announced that it has signed definitive agreements to acquire a 56% equity stake in NJ Bio, Inc. for $64.4 million. NJ Bio is a contract research organization (CRO) contract development and manufacturing organization (CDMO) providing chemistry and biology services to the biotechnology and pharmaceutical sectors. The company is headquartered in Princeton, New Jersey, with additional chemistry facilities in Bristol, Pennsylvania. NJ Bio has two subsidiaries: NJBIO India Pharmaceutical Private Limited and NJ Biotherapeutics, LLC. Suven Pharmaceuticals Ltd. is a pharmaceutical research expert, primarily operating in contract development and manufacturing... Read More »
Dynamic Infusion Expands Footprint With Solution Nursing Deal
Dynamic Infusion announced on December 10 its acquisition of Solution Nursing for an undisclosed price. CCE Partners, doing business as Solution Nursing, includes operations in Maryland, Delaware, Pennsylvania and Northern Virginia. Solution is a provider of home infusion nursing services on behalf of specialty pharmacies. Dynamic Infusion, founded in 2004 and headquartered in Dallas, Texas, is a full-service, on-demand outsourced provider of vascular access insertion services with a proven clinical model that lowers costs for its customers and leads to better patient outcomes. In early 2021, RiverGlade Capital, a healthcare-focused private equity firm, partnered with Dynamic Infusion to... Read More »
Blount Memorial Hospital Joins Prisma Health
After months of negotiations, Blount Memorial Hospital has finally joined Prisma Health’s network of hospitals. Blount Memorial Hospital is a 304-bed nonprofit community hospital serving Blount County and East Tennessee. According to cost report data, the hospital generated approximately $326 million in net patient revenue in 2023 but suffered an EBITDA loss of $245,000. The deal has received unanimous approvals from the Blount Memorial Hospital Board and the Blount County Commission, as well as approval from Tennessee Attorney General Jonathan Skrmetti. Blount Memorial is the first hospital outside South Carolina to join Prisma Health, one of the largest health systems in that... Read More »
BayCare Medical Group Acquires Two Cardiology Practices
On December 9 BayCare Medical Group announced that it acquired two physician practices in the Tampa, Florida MSA. Pediatric Cardiology Associates is a medical group practice specializing in pediatric cardiology. Its 11 physicians provide services from principal offices in Tampa and St. Petersburg. Tampa Bay Adult Congenital Heart Center provides cardiology care out of one location in Tampa, Florida. The number of providers on staff was not provided. Part of BayCare Health System, BayCare Medical Group is a provider group in Western Florida. BayCare Health System is a leading not-for-profit health care system that connects individuals and families to a wide range of... Read More »
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 »Schedule a demo
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