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Knox Lane to Acquire Cross Country Healthcare for $437 Million
Knox Lane has agreed to acquire Cross Country Healthcare, Inc. in an all-cash transaction valued at $437 million, or $13.25 per share. The deal, which takes the Boca Raton, Florida-based company private, represents a 31% premium to its May 6, 2026 closing price and a 45% premium to the 90-day volume-weighted average price. The transaction is expected to close in the third quarter of 2026, subject to stockholder approval and customary regulatory clearances. Upon closing, Cross Country will cease trading on the Nasdaq. Cross Country Healthcare is a technology-driven healthcare workforce solutions provider offering travel nursing, allied health, locum tenens and permanent placement services... Read More »
Jacobson Properties Arranges $13.1M Sale of Syracuse Medical Outpatient Building
Jacobson Properties arranged the sale of a 38,913-square-foot Class A medical outpatient building (MOB) in Liverpool, New York. The MOB was sold by 8324 Oswego Road, LLC to Crown MedRealty Partners for $13.1 million. The property is fully leased to three tenants, including Crouse Medical Practice, which occupies 53% of the building and is affiliated with Crouse Health. Additional tenants include Syracuse Orthopedic Specialists and Syracuse Gastroenterological Associates, both established specialty providers in the Central New York market. As part of the transaction, Jacobson Properties negotiated long-term lease extensions with key tenants, reinforcing income stability for the buyer. The... Read More »
UPMC to Acquire CommonSpirit’s Trinity Health System in Ohio Valley Expansion
Pittsburgh, Pennsylvania-based UPMC has signed a definitive agreement with CommonSpirit Health to acquire Trinity Health System, a hospital system operating multiple hospitals and outpatient facilities across the Ohio Valley. The transaction, which is expected to close in fall 2026 pending regulatory approvals and customary closing conditions, includes Trinity West, Trinity East, Trinity St. Clairsville Neighborhood Hospital, Trinity Twin City Medical Center and associated clinics. No financial terms were disclosed. Trinity Health System is part of Chicago-based CommonSpirit Health and operates hospitals, neighborhood facilities and physician clinics serving eastern Ohio. UPMC said the... Read More »
MBF Healthcare-Backed Arete Health Adds Two PT Practices
Arete Health, a physical therapy platform backed by MBF Healthcare Partners, acquired Virginia Rehabilitation & Wellness and Summerville Physical Therapy & Balance for Adults, expanding its footprint across Virginia and South Carolina. Terms of the transactions were not disclosed. The additions increase Arete Health’s presence in the Mid-Atlantic and Southeast and bring its network to 16 outpatient rehabilitation clinics. The acquired practices provide outpatient physical therapy and balance-focused rehabilitation services, adding clinical capacity and geographic reach to Arete Health’s platform. The deals follow prior expansion activity by Arete Health as it continues to scale its... Read More »U.S. Urology Partners Affiliate Grows Boston Footprint with MetroWest Urology Deal
Greater Boston Urology, an affiliate of U.S. Urology Partners since 2023, acquired MetroWest Urology, Natick, Massachusetts, expanding its footprint in the Boston market. The practice is run by Dr. Ravi Kacker. The addition extends the platform’s presence into Massachusetts and represents a continued build-out of its physician network across the state. Terms of the transaction were not disclosed. MetroWest Urology provides specialty urologic care, contributing additional providers and clinical capacity to Greater Boston Urology’s existing network. The deal aligns with the platform’s strategy of affiliating with independent urology practices to increase density in key suburban markets while... Read More »
Atrium Health and WakeMed Announce Merger Plans
With $2 billion in investment promised, Atrium Health and WakeMed have announced a plan to merge, which could create one of the largest health systems in North Carolina. Under the proposed deal, WakeMed will join Atrium Health, an 11-hospital system with more than 900 locations across the Charlotte region. According to the press release, the deal requires the Wake County Board of Commissioners to approve an amendment to WakeMed’s 1997 Transfer Agreement, which granted WakeMed ownership of several healthcare assets, but on the condition that it provide “ongoing hospital services” to every patient, regardless of socioeconomic status. Once that step is finalized, the... Read More »
Pediatrica Health Group Acquires Westchester, Florida Pediatric Practice
Miami-based Pediatrica Health Group acquired a pediatric primary care practice in the Westchester neighborhood of Miami-Dade County operated by Dr. Juan Ruiz-Unger. The acquired practice has delivered care to local families for more than 40 years, including well-child checks, sick visits, chronic conditions and support for underserved patients with special needs. Pediatrica Health Group operates a multi-site platform providing pediatric primary care for children from birth to age 18 and supplies acquired practices with back-office resources and technology that reduce administrative burdens and expand capacity, including for Medicaid patients. The transaction has enabled the addition of... Read More »
UCB Acquires Candid Therapeutics
UCB has announced that it entered into an agreement to acquire Candid Therapeutics. Under the terms of the agreement, UCB will pay $2 billion upfront payments and up to $200 million in potential future milestone payments. In March, it was reported that Candid was to be acquired by Rallybio Corporation, a clinical-stage biotechnology company, but the deal was terminated. Candid Therapeutics is a clinical-stage biotechnology company focused on transforming the treatment of autoimmune and inflammatory diseases through novel T-cell engager (TCE) platforms. Candid is advancing two lead B-cell depleting TCEs, with a goal to broadly... Read More »
