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 »
Wildcat DX Acquires Navis Clinical Laboratories
Dover, Delaware-based Wildcat DX, LLC announced on December 6 that it acquired a 100% stake in Navis Clinical Laboratories. Navis Clinical Laboratories, headquartered in Franklin, Tennessee, provides laboratory testing solutions tailored for healthcare providers who treat patients with substance use disorder, chronic pain, mental health conditions and other chronic health conditions. The company was founded in 2023. Wildcat DX has a large portfolio of healthcare companies, which include: Encore Wound Care, one of the largest mobile wound care practices in the country, servicing long term care facilities across several states; Encore Surgical Supplies which is a post... Read More »
Behind the Deal: Eden Health Expands Northern Nevada Footprint with Acquisition of A Plus Hospice
Eden Health, a 100% employee-owned healthcare provider operating across seven states, has expanded its regional presence in Northern Nevada through the acquisition of A Plus Hospice Care. The deal, effective November 1, 2024, was facilitated by healthcare-focused M&A advisory firm Agenda Health, headquartered in Austin, Texas. Financial terms of the transaction were not disclosed. Agenda Health became involved early in the process, connecting with the owners of A Plus Hospice in the beginning of 2023. According to Spencer Walters, Senior Director at Agenda Health, the firm facilitated the transaction by identifying strategic buyers aligned with the sellers’ goals. “Agenda Health... Read More »
Montecito Medical Buys MOB in Jacksonville, Florida
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in Jacksonville, Florida. The transaction was announced on December 3, 2024. The 10,475-square-foot specialty MOB is fully occupied by Terk Oncology, a prominent specialty provider. The building features a state-of-the-art linear accelerator vault, enabling precise radiation therapy and enhancing access to advanced treatment for local patients. The property is situated across the street from a major hospital campus. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed... Read More »
Aya Healthcare Acquires Cross Country Healthcare for $615 Million
Aya Healthcare and Cross Country Healthcare announced on December 4 that they have entered into a definitive agreement whereby Aya will acquire Cross Country. Cross Country Healthcare is being acquired for $18.61 per share in cash in a transaction valued at approximately $615 million. Cross Country Healthcare provides healthcare staffing and workforce solutions in the United States. The Boca Raton, Florida-based company assists more than 3,000 healthcare facilities in the United States and Caribbean. According to its most recent annual report, Cross Country had revenues of more than $2 billion during full year 2023, and EBITDA of $129.3 million. Aya Healthcare, Inc. is one of the largest... Read More »
NationsBenefits Acquires General Vision Services
NationsBenefits, LLC announced on December 3 that it acquired General Vision Services (GVS) for an undisclosed amount. CapM Advisors acted as financial advisor to GVS in this transaction. GVS is a leading managed vision company providing eyecare benefits and administration to millions of members nationally. GVS, in addition to its managed care services, also provides revenue cycle management services. General Vision Services supports millions of members across a clientele that includes employer groups, managed care and organized labor. Headquartered in Plantation, Florida, NationsBenefits is a provider of supplemental benefits, fintech solutions and outcomes for the... Read More »
CoachCare Buys PRM Provider in Sixth Deal Since 2023
CoachCare announced on December 2 that it has acquired Dallas, Texas-based Revolution Health Solutions. Revolution Health Solutions is a full-service care management provider specializing in remote patient monitoring (RPM), chronic care management and remote therapeutic monitoring. Revolution’s outsourced clinical teams enable healthcare providers to focus on clinical decisions while it handles monitoring and care management. CoachCare is a New York-based RPM and virtual health company. More than 150,000 patients in 3,000 locations benefit from CoachCare’s suite of virtual tools, including remote patient monitoring, video conferencing, real-time messaging, screening, content sharing and... Read More »
Dental365 Acquires Brush & Floss Dental Center
On December 3, Dental365, a portfolio company of the private equity firm The Jordan Company since 2021, announced that it acquired Brush & Floss Dental Center. Brush & Floss Dental Center is a general dentistry practice based out of one location in Stratford, Connecticut. Brush & Floss Dental Center offers additional services such as sleep apnea treatments, dental implants and teeth straightening. According to its website, the practice is run by five physicians. 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... Read More »
PAM Health Expands Presence in Indiana With Acquisition of Southern Indiana Rehabilitation Hospital
PAM Health announced its acquisition of Southern Indiana Rehabilitation Hospital, effective December 3, 2024. The hospital will now operate as PAM Health Rehabilitation Hospital of Greater Indiana North. Based in New Albany, Indiana, Southern Indiana Rehabilitation Hospital offers inpatient and outpatient rehabilitation services. The New Albany facility holds certifications from The Joint Commission and the Commission on Accreditation of Rehabilitation Facilities. It has 60 beds. Founded in 2006, PAM Health, formerly Post Acute Medical, is a healthcare company that provides post-acute care services for patients with injuries, illnesses and disabilities. PAM Health has facilities in... Read More »Schedule a demo
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