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JLL Advises the Sale of Two Cincinnati Medical Office Buildings
Azora Exan announced on January 30 that it acquired two medical office buildings (MOB) in Cincinnati for $78 million. 90 North Real Estate LLP, a real estate investment manager, was the seller. JLL represented both 90 North Real Estate and Azora Exan in the transaction. JLL also arranged the acquisition loan for Azora. The Offices at Vernon Manor is a seven-story, 156,000-square-foot building that was built in 1924 and renovated in 2011. Offices @ Vernon Place consists of 147,130 square feet and is a four-story building. It was completed in 2017. Both buildings are fully leased by Cincinnati Children’s Hospital. The price is approximately $257 per square foot. Founded in 2013, Azora Exan... Read More »
CardioOne Announces Its First Acquisition
CardioOne announced that it acquired Chesapeake Cardiac Care for an undisclosed price, marking its first acquisition in our database. Chesapeake Cardiac Care provides cardiac care to Bowie, Maryland and the surrounding areas. The practice is run by two providers. CardioOne is a physician-centric partner that enables independent cardiology practices to unlock their full potential. The company was founded in 2022. According to data captured in the LevinPro HC database, this acquisition represents the 44th Physician Medical Groups transaction of the year, and the second in the cardiology specialty. In January 2022, one cardiology acquisition was... Read More »
Digital Health and Fertility Targeted by Venture Capital
Venture capital (VC) is playing an increasing role in health care as companies are desperate for the resources, expertise and funding that VC firms provide. According to SVB Financial Group’s annual Healthcare Investments and Exits Report, healthcare venture capital funding totaled nearly $22 billion in 2022, and over the last 24 months, there has been more than $50 billion in newly raised health care funds. This falls short of the $28 billion raised in 2021, which was a record. SVB’s report also noted that while there was a dip in funding in 2022, VC fundraising and investment remained strong throughout the year as there were more healthcare investments than in 2020. Due to public market... Read More »
Charles River Laboratories acquires SAMDI Tech for $50 Million
Charles River Laboratories International, Inc. (NYSE: CRL) announced on January 30 that it acquired SAMDI Tech, Inc. The purchase price was $50 million in cash for 80% ownership. Based in Chicago, Illinois, SAMDI Tech offers a proprietary mass spectrometry (MS) technology for high-throughput analysis of biochemical activities and affinity selection MS for identifying binding interactions. Charles River Laboratories is a provider of research tools and integrated support services that enable drug discovery and development, including genetically and virally defined purpose-bred lab animals. In 2021, the company reported revenue of $3.54 billion. The combination of Charles River’s... Read More »
Alamitos Eyecare Acquires the Optometrist Practice of Dr. Michael Fanarof
Alamitos Eyecare has acquired the optometrist practice of Dr. Michael Fanarof. The transaction was Alamitos Eyecare’s fourth acquisition in recent years. Terms of the deal were not disclosed. Dr. Fanarof is now seeing his patients at Alamitos Eyecare’s two-story complex in Los Alamitos, California. Dr. Avani Patel, the owner and chief optometrist at Alamitos Eyecare, began private practice in 1995, opening Alamitos Eyecare in 2003. According to data captured in the LevinPro HC database, this acquisition represents the fifth eye care transaction of 2023. There were 88 eye care deals in 2022. Read More »
Wellness Coaches Acquires Corporate Health Solutions
Blue Bell, Pennsylvania-based Wellness Coaches has announced its acquisition of Corporate Health Solutions (CHS) in Jamison, Pennsylvania. Wellness Coaches has acquired all CHS client contracts, personnel, technology and intellectual property to enhance its health and well-being offerings and ensure a seamless transition for CHS customers. CHS’ customers will have access to a wider range of clinical and well-being services from a single provider. Terms of the deal were not disclosed. For more than two decades, CHS has been a provider of healthcare solutions to employers. Offerings include biometric testing, health coaching, health assessments and physician consulting services.... Read More »
DENCAP Dental Plans Expands With Golden Dental Plans Acquisition
Detroit-based DENCAP Dental Plans announced its acquisition of Warren, Michigan-based Golden Dental Plans, a provider of managed care dental plans to southeast Michigan residents. With the addition of Golden Dental Plans, DENCAP grows its reach to 150 dental offices. Terms of the deal were not disclosed. DENCAP has been providing dental insurance to southeastern Michigan groups, individuals and families since 1984. DENCAP is also one of Michigan’s largest dental maintenance organizations. According to data captured in the LevinPro HC database, this transaction marks the fourth Managed Care transaction of 2023. There were 43 Managed Care deals reported in 2022. Read More »
Dermatology Partners Acquires Pennsylvania Practice
Dermatology Partners has acquired Family Dermatology of the Lehigh Valley. As of February 6, 2023, Dr. Susan J. Kucirka will transition from Family Dermatology of the Lehigh Valley to Dermatology Partners – Schnecksville. Terms of the deal were not disclosed. Schnecksville, Pennsylvania-based Family Dermatology of the Lehigh Valley treats diseases of the skin, hair and nails, such as acne, warts, eczema and psoriasis. It also diagnoses and removes skin cancers, growths and moles. Dermatology Partners is a dermatology practice with 29 offices in Pennsylvania and Delaware. According to data captured in the LevinPro HC database, this transaction marks the second dermatology practice deal of... Read More »
Engage Technologies Group Merges With APX Platform
Engage Technologies Group, Inc. and APX Platform have announced a merger agreement. The company will operate under the Engage Technologies Group banner and APX Platform will be marketed as “APX Platform powered by Engage.” Terms of the deal were not disclosed. APX Platform is a business insights, employee education, training and data analytics technology platform solution that optimizes employee productivity via on-demand sales, finance and operations training courses. Engage Technologies Group specializes in marketing communication technologies and content services for healthcare providers and enterprises serving the healthcare industry. According to data captured in the... Read More »Schedule a demo
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