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Big Sky Obtains $190 Million for 10 Healthcare Properties
Big Sky Medical Real Estate obtained $190 million worth of acquisition financing for 10 healthcare properties in four states totaling 857,779 square feet. JLL Capital Markets worked for Big Sky in securing the five-year, floating-rate loan from a bank syndication led by Capital One Healthcare. The properties are collectively 87% occupied and include outpatient medical office buildings, ambulatory surgery centers, diagnostic imaging centers as well as other healthcare-related specialties. The facilities are located in: Dallas; Houston; College Station and Richardson, Texas; Salisbury, Maryland; Hammond, Louisiana; and Modesto, California. The JLL Capital Markets team representing the... Read More »
H.I.G. Capital Sells RCM Company to Alpine Investors
San Francisco-based Alpine Investors announced that it acquired revenue cycle management (RCM) company, Medusind Solutions, Inc. H.I.G. Capital, which originally purchased Medusind in 2019, acted as the seller. Medusind Solutions, Inc. provides comprehensive end-to-end RCM solutions, including practice management, eligibility, coding, claims processing and value-added analytics. It is based in Miami, Florida and was founded in 2002. Alpine Investors is a private equity firm that has raised more than $900 million of committed capital and invested in more than 50 companies since its launch in 2001. H.I.G. Capital is a global private equity and alternative assets investment firm... Read More »
Scipher Medicine Acquires CrossBridge
Scipher Medicine has acquired CrossBridge. The acquisition gives Scipher new data management and analytics capabilities to enable a more granular and real-time understanding of patients’ treatment pathways. CrossBridge’s SaaS value-based care platform bridges gaps between patients, providers and payers, and lowers the cost of care for autoimmune disease patients. Scipher Medicine is an immunology company that matches patients with their most effective therapy. Terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this marks the ninth eHealth deal of 2023. There were 321 eHealth transactions reported in 2022. Read More »
Avel eCare Announces the Acquisition of NightWatch
Avel eCare, one of the nation’s leading providers of clinician-to-clinician telemedicine services, announced on January 10 the acquisition of West Virginia-based NightWatch. The acquisition strengthens Avel’s existing suite of telemedicine offerings and enables the company to expand its reach to better service customers across the United States. Terms of the deal were not disclosed. NightWatch is a West Virginia-based company that provides remote pharmacy services to hospitals, clinics and nursing homes throughout the Midwest and mid-Atlantic region. NightWatch provides remote hospital pharmacy coverage to help ensure patient safety and prevent burnout among pharmacists. Since... Read More »
The IMA Group Acquires Clinical Trials of America
The IMA Group (IMA) announced on January 11 the completion of its acquisition of Clinical Trials of America (CTA), a multi-therapeutic clinical trials company that brings to IMA four independent and six embedded site locations in Louisiana and North Carolina. CTA will continue to operate with its existing leadership, investigators and staff, led by its former CEO and President Jeb Andrews, Ph.D. The transaction marks the seventh acquisition The IMA Group’s Clinical Research division has completed since 2018, and the 15th acquisition by the company in the same period. Terms of the transaction were not disclosed. The IMA Group provides government workers with medical, psychological and... Read More »
Pinnacle Clinical Research Acquires South Texas Research Institute
Pinnacle Clinical Research, a portfolio company of LongueVue Capital, announced on January 10 its successful combination with South Texas Research Institute (STRI). The combined Pinnacle and STRI platform expands its network and geographic footprint to six stand-alone and dedicated sites, enhances patient recruitment diversity and increases scale. STRI’s Founder and CEO Dr. Rashmee Patil will assume the role of CEO of the combined business. Terms of the deal were not disclosed. Headquartered in Edinburg, Texas, South Texas Research Institute is a multi-location clinical site organization specializing in complex indications, including hepatology with a focus on non-alcoholic fatty... Read More »
Healthcare Realty Trust Sells Georgia Medical Office Building Portfolio
On January 9, a medical office building (MOB) portfolio in Atlanta and Rome, Georgia was sold by Healthcare Realty Trust, Inc. to AW Property Company. The transaction was financed by Ally Bank. Terms were not disclosed. The portfolio consists of nine buildings that total 350,000 square feet. Anchored by Harbin Clinic and First Georgia Physicians Group, the facilities were 90% leased. Other tenants include Piedmont, Northside Hospital and Fresenius Medical Care. AW Property Company is a real estate investment company that specializes in acquiring and enhancing medical and professional office properties in major markets throughout the Southeast. It is based in North Palm Beach,... Read More »
GE Healthcare Acquires IMACTIS
GE Healthcare has acquired IMACTIS. Financial details of the transaction were not disclosed. GE Healthcare intends to fund the deal with cash on hand. IMACTIS, which is based in France, is an innovator in computed tomography interventional guidance across several care areas. GE Healthcare manufactures and distributes diagnostic imaging agents and radiopharmaceuticals for imaging modalities that are used in medical imaging procedures. The transaction is subject to customary closing conditions, including review by the relevant government authorities in France.Hogan Lovells acted as legal advisor and Apparius served as financial advisor to IMACTIS. Shearman & Sterling LLP acted as... Read More »
LeanTaaS Acquires Hospital IQ Creating $1 Billion Company
LeanTaaS acquired Hospital IQ in a transaction that will create a combined company valued at more than $1 billion. Hospital IQ is a predictive analytics platform used by hospitals to optimize operational efficiency. LeanTaaS is a healthcare software and analytics company used by 150 health systems. According to data captured in the LevinPro HC database, this acquisition represents the fourth eHealth deal of 2023. There were 321 eHealth transactions recorded in 2022. Read More »Schedule a demo
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