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Big Sky Medical Acquires San Antonio, TX MOB from Mohr Capital
Cushman & Wakefield announced on November 7 that it had brokered the acquisition of a medical office building (MOB) in San Antonio, Texas by Big Sky Medical, a national real estate investment management firm. The building was purchased from Mohr Capital, which previously acquired the MOB in 2021. County records show a loan from BMO Harris Bank of about $192 million taken out by Big Sky related to the property. The deal’s terms were not disclosed. Alamo Quarry Center is a 99% leased office building in San Antonio, Texas with mainly medical tenants. The 38,370-square foot complex, located along Highway 281, was appraised this year by Bexar County at $12.3 million. Big Sky Medical... Read More »
Reaction Biology Acquires vivoPharm
Malvern, Pennsylvania-based Reaction Biology has acquired Hummelstown, Pennsylvania-based vivoPharm LLC from Vyant Bio, Inc. Terms of the deal were not disclosed. Founded in 2001, Reaction Biology is a contract research organization that has provided drug discovery and development services to more than 1,800 biopharmaceutical customers worldwide. Reaction has laboratory facilities in Malvern and Hershey, Pennsylvania, and Freiburg, Germany, with approximately 170 employees. vivoPharm is a contract research organization that offers integrated preclinical services in different disease areas to the biotechnology and pharmaceutical industries. According to the LevinPro HC database, this was... Read More »
Medical Manufacturing Technologies Acquires Confluent Medical Technologies’ Equipment Manufacturing Group
Charlotte, North Carolina-based Medical Manufacturing Technologies (MMT) has acquired Confluent Medical Technologies’ equipment manufacturing group. Terms of the deal were not disclosed. Medical Manufacturing Technologies, a portfolio company of Arcline Investment Management, is a global provider of medical device manufacturing solutions. Confluent Medical Technologies’ equipment manufacturing group includes its balloon-forming equipment manufacturing as well as its testing and catheter manufacturing equipment capabilities. Confluent’s equipment manufacturing group will be rebranded as Interface Catheter Solutions. As part of the acquisition, MMT will continue... Read More »
MultiCare Health System Expands Reach in Washington
MultiCare Health System, a not-for-profit healthcare organization based in Washington, has acquired a new hospital in the state. The health system purchased Yakima Valley Memorial Hospital, a 226-bed hospital in Yakima, Washington, which has a population of approximately 100,000. The hospital also owns primary care practices, a cancer care center called North Star Lodge, Ohana Mammography Center, a hospice and respite care agency called Cottage in the Meadow, a pain management center, the only level-3 NICU in central Washington and Children’s Village, which provides advanced services for children with special health care needs. Yakima Valley Memorial Hospital generated $478.7 million in... Read More »
RC Capital Strengthens Portfolio Through Acquisition of Endodontics Practice
Endodontic Practice Partners (EPP) announced on November 3 that it acquired North Dallas Endodontics, a practice with 11 locations in the Dallas MSA and 14 doctors. Backed by RC Capital, Endodontic Practice Partners is a network of private endodontic practices. EPP was founded in 2019 and is based in Brentwood, Tennessee. With more than $750 million of capital raised, RC Capital is a growth equity firm that actively seeks companies to add to its $200M Fund VI portfolio. This acquisition brings EPP’s presence to 43 locations and 64 doctors. Financial terms of the deal were not disclosed. According to the LevinPro HC database, this transaction represents the 510th Physician Medical... Read More »
Pediatrix Reports Drop in Q3 Revenue
Pediatrix Medical Group, Inc. reported a revenue decline during the third quarter. Earnings, adjusted for non-recurring gains, reached $0.40 per share, missing the Zacks Consensus Estimate of $0.53 per share. The results were attributed to a decline in neonatology services and, more significantly, switching revenue cycle management companies that unfavorably impacted revenue and adjusted EBITDA by $11 million and $9 million, respectively. The Sunrise, Florida-based company reported: For Q3:22, adjusted EPS from continuing operations of $0.40 cents, compared to $0.46 in Q3:21.A 0.6% decrease in net revenue from $492.95 million in Q3:21 to $489.92 million in Q3:22. A 20.5%... Read More »
Werfen Acquires Immucor From TPG for $2 Billion
Barcelona-based Werfen announced on November 3 its acquisition of Immucor, Inc., a Norcross, Georgia-based provider of transfusion and transplantation diagnostic products worldwide, from San Francisco-based private equity firm TPG Capital. This acquisition will allow Werfen to expand its portfolio of specialized diagnostics solutions for hospitals and clinical laboratories. According to the LevinPro HC database, this marks the 114th acquisition in the Laboratories, MRI and Dialysis sector this year, and the 63rd deal in the diagnosis subsector. The purchase price is expected to be approximately $2 billion, with closing subject to customary regulatory approvals. The acquisition is being... Read More »
Clarest Health Acquires CSS Health, Integrity Pharmacy
Clarest Health has acquired CSS Health and Integrity Pharmacy. Terms of the deal were not disclosed. CSS Health brings a differentiated, end-to-end medication management platform that connects payers, patients and pharmacies to drive engagement and improve medication adherence. Springfield, Missouri-based Integrity Pharmacy provides a custom medication management system that improves adherence and drives better clinical outcomes. Vienna, Virginia-based Clarest Health provides solutions for personalized medication management. According to the LevinPro HC database, this was the 495th Other Services transaction of 2022. This compares with 374 Other Services deals recorded between January 1,... Read More »
WindRose Health Investors acquires Specialty Pharmacy Bank’s Apothecary
WindRose Health Investors, LLC, a New York-based healthcare private equity firm, announced that it has completed the acquisition of Bank’s Apothecary. Bank’s Apothecary will merge with WindRose’s portfolio companies Terrapin Pharmacy and Ganse Apothecary, significantly expanding the footprint of WindRose’s behavioral health pharmacy platform. Terms of the transaction were not disclosed. Westcove Partners acted as financial advisor to Bank’s. Latham & Watkins LLP acted as legal advisor to WindRose, and Epstein, Becker & Green acted as legal advisor to Bank’s. Terms of the transaction were not disclosed. Bank’s Apothecary is an independent accredited... Read More »Schedule a demo
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