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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 »
Zeon Corporation Acquires Edge Precision Manufacturing
Zeon Corporation, through its subsidiary Zeon Specialty Materials Inc., has purchased 100% of the shares of Edge Precision Manufacturing, Inc. from shareholders including venture capital funds managed by U.S. investment company Anzu Partners, LLC. Edge Precision Manufacturing is a manufacturer of micro featured thermoplastic devices. Zeon Corporation engages in the production and sale of synthetic rubbers and specialty plastics. Terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this acquisition represents the fifth Medical Devices deal of 2023. There were 120 Medical Devices transactions announced in 2022. Read More »
Unio Health Partners Purchases Acquired inSite Digestive Health Care
Southern California-based Unio Health Partners announced that it acquired inSite Digestive Health Care on January 9. Unio Health Partners is a multi-specialty physician practice management company focused on urology, gastroenterology and radiation oncology. It is backed by Triton Pacific Capital Partners and was founded in 2021. inSite Digestive Health Care has 31 locations throughout California, predominantly located in the Los Angeles MSA. Run by 70 providers, the practice offers high-quality gastroenterology care. With the inSite transaction, Unio now has 182 providers consisting of 119 physicians and 63 advanced practice providers operating out of 54 locations across Southern,... Read More »
Irwin Naturals Going Full Speed Ahead With Ketamine Clinic Acquisition Spree
Irwin Naturals Inc. had a busy year in 2022 as it acquired ketamine clinics throughout the U.S. And it appears that 2023 will feature additional purchases by the company. CEO Klee Irwin said in a May 16 press release, “With over 100 clinics in our M&A pipeline, we are well-positioned to work towards our goal of establishing the nation’s largest clinic chain.” According to the LevinPro HC database, the activity mirrored an uptick in deal activity within the Infusion Services subsector, which includes ketamine clinics. There were 27 Infusion Services deals reported last year, compared with 10 such transactions in 2021, 5 in 2020 and 2 in 2019. “The biggest buyer of ketamine clinics... Read More »
Resonetics Acquires Memry Corporation, SAES Smart Materials for $900 Million
Resonetics has announced its acquisition of Memry Corporation and SAES Smart Materials, Inc. for $900 million. Headquartered in Bethel, Connecticut, Memry Corporation is a global market and technology leader in Nitinol components. Nickel titanium, also known as Nitinol, is a metal alloy of nickel and titanium, where the two elements are present in roughly equal atomic percentages. New Hartford, New York-based SAES Smart Materials creates the Nitinol raw material from nickel and titanium and converts it into various form factors. Resonetics, which acquired the companies from SAES Getters S.p.A., was founded in 1987. Resonetics is a pioneer in advanced engineering, product development,... Read More »
BayCare Health System Expands Florida Presence
BayCare Health System announced that it acquired Tampa-based Northside Behavioral Health Center. BayCare Health operates 13 hospitals and hundreds of outpatient locations throughout the Tampa Bay and central Florida regions. Northside Behavioral Health Center, established in 1976, is a non-profit organization committed to serving Hillsborough County, Florida residents suffering from or at risk for mental illness. As of January 1, 2023, when the deal was finalized, the Northside Behavioral Health Center was renamed BayCare Northside Behavioral Health Center. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database, this marks the... Read More »
Big Sky Medical Acquired Modesto Medical Office Building
Big Sky Medical announced on January 6 that it acquired a medical office building (MOB) in Modesto, California. The property consists of two buildings: a multi-tenant MOB and an ambulatory surgery center (ASC). The MOB is occupied by Valley Orthopaedics and Pacific Medical Inc. The ASC is occupied by River Surgical Institute and Pacific Medical Inc. Together, the buildings total 20,695 square feet. Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate with a concentration in the medical office and life science sectors. Big Sky Medical, which is headquartered in Dallas, has more than $2 billion in healthcare real estate... Read More »Schedule a demo
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