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Montecito Medical Acquires Medical Center in Warwick, Rhode Island 

Montecito Medical Acquires Medical Center in Warwick, Rhode Island 

On July 22, Montecito Medical Real Estate announced that it acquired a medical outpatient building (MOB) in Warwick, Rhode Island.  The MOB comprises 67,186 square feet. The facility, which also doubles as a surgery center, is leased to two leading providers: Ortho Rhode Island, a physician-owned practice with statewide reach, and Spire Orthopedics, the largest orthopedic platform in the region.  Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $6.5 billion in medical and veterinary real estate transactions.  This marks Montecito’s 18th transaction of... Read More »
Psa Healthcare Investment Holding LLC’s Hospice Presence Across States

Psa Healthcare Investment Holding LLC’s Hospice Presence Across States

Psa Healthcare Investment Holding LLC affiliates with 126 hospice and home health facilities, according to the latest CMS data. The entire portfolio is partially owned, with ownership stakes between 5% and 50%, reflecting a strategic investment approach within the hospice sector. State Distribution of Facilities Psa Healthcare has a concentrated presence in Alabama and Pennsylvania, with each state hosting 18 facilities. California follows with 15 facilities, indicating strategic interest. Florida and Georgia hold nine and eight facilities respectively. Sector Division The company’s investment focus is on the home health sector, accounting for 110 facilities. The hospice sector... Read More »
The Pennant Group Expands Hospice Sector Leadership in Arizona

The Pennant Group Expands Hospice Sector Leadership in Arizona

The Pennant Group, Inc. established a substantial presence in Arizona’s hospice sector, affiliating with 13 facilities according to the latest update from the Centers for Medicare & Medicaid Services. Among its holdings, the total facility count stands at 116, with 110 under full affiliation and a few under partial stakes. In Arizona, the organization leads with 13 hospice facilities. It competes with major players such as Cornerstone Healthcare Inc. and Fc Compassus LLC, which also hold substantial positions in the state. Nationally, The Pennant Group supports a diverse range of services in additional states including California, Washington and Texas. Its presence spans a total... Read More »
Montecito Medical Acquires Medical Center in Warwick, Rhode Island 

Blue Ridge Capital Fund Acquires Lexington, North Carolina Medical Outpatient Building 

On July 21, Blue Ridge Capital Fund announced that it acquired a Lexington, North Carolina medical outpatient building (MOB).  The MOB comprises 13,466 square feet. It is anchored by Triangle Family Dentistry, which is operated by Light Wave Dental Management, and has committed to a 10-year lease for 6,500 square feet.  Blue Ridge Capital Fund is a real estate investment fund focused on sustainable, healthcare-anchored commercial real estate in high-growth secondary and tertiary U.S. markets. It was launched by AB&B Commercial Real Estate.  This marks Blue Ridge Capital Fund’s sixth transaction since November 2024, according to the press release. The financial... Read More »
SALT Dental Acquires 2 Dental Practices 

SALT Dental Acquires 2 Dental Practices 

SALT Dental has announced the addition of two dental practices to its network: Must Love Kids Pediatric Dentistry and Empire Dental Specialty Group.  Must Love Kids Pediatric Dentistry is a pediatric dental practice with one location in Vancouver, Washington. According to its website, there are three doctors on staff. This is SALT Dental’s second partnership in Southern Washington.  Based in West Chester and Beavercreek, Ohio, Empire Dental Specialty Group is run by a team of eight physicians. Empire Dental Specialty Group represents SALT’s second Ohio-based partnership.  The financial terms of both transactions were not disclosed. Including these two additions, SALT Dental... Read More »
Psa Healthcare Investment Holding LLC’s Hospice Presence Across States

Hamilton Lane Enhances Position in Home Health and Hospice Sector

Hamilton Lane Co-Investment Fund III Holdings – 2 LP positions itself prominently in the healthcare sector with a focus on hospice services across several states, particularly within Alabama. The company affiliates with 125 facilities nationwide and is involved with 11 hospice facilities in Alabama, according to the latest data from CMS. Facilities Across Key StatesBeyond its hospice operations, Hamilton Lane maintains affiliations in various states. In Pennsylvania, it affiliates with 18 facilities and in California, it connects with 15 facilities. Meanwhile, in Florida, Hamilton Lane affiliates with nine facilities. Ownership and CompetitorsThe ownership structure of Hamilton... Read More »
Psa Healthcare Investment Holding LLC’s Hospice Presence Across States

Abode Healthcare Expands Hospice Presence Across Multiple States

Abode Healthcare, Inc. expands its presence in the hospice sector, as reflected in recent data from the Centers for Medicare & Medicaid Services (CMS). Based in Colorado, the company affiliates with 43 facilities focused primarily on hospice care. Facility Distribution Across States Abode maintains a presence in several states, with eight facilities in Virginia and seven in Colorado. The company affiliates with multiple units in Alabama and Pennsylvania, each hosting four facilities. Additionally, it collaborates with facilities in Texas, Arkansas, Indiana, Wisconsin, Nevada, Mississippi and Iowa, with the remainder distributed across Ohio, Louisiana, California and Minnesota. Sector... Read More »
Phoenix Intermediate Holdings Expands Hospice and Home Health Facilities

Phoenix Intermediate Holdings Expands Hospice and Home Health Facilities

Phoenix Intermediate Holdings Inc. affiliates a total of 89 healthcare facilities, reflecting its substantial presence in the hospice and home health sectors, according to the latest data from the Centers for Medicare & Medicaid Services. It demonstrates full ownership in 86 of these facilities, highlighting its integration within these fields. In hospice care, the company affiliates with 47 facilities, while it affiliates 42 facilities in home health. The company is strategically headquartered in Colorado and has expanded its reach across several states. North Carolina leads with 13 facilities affiliated with Phoenix Intermediate, followed by Tennessee with 12 and Virginia with 10. In... Read More »
Concentra Biosciences Acquires iTeos Therapeutics for $434 Million 

Concentra Biosciences Acquires iTeos Therapeutics for $434 Million 

Concentra Biosciences, LLC announced that it entered into an agreement to acquire iTeos Therapeutics for more than $434.4 million.  iTeos Therapeutics is a clinical-stage biopharmaceutical company pioneering the discovery and development of a new generation of immuno-oncology therapeutics for patients. iTeos Therapeutics leverages its deep understanding of tumor immunology and immunosuppressive pathways to design novel product candidates with the potential to restore the immune response against cancer. According to iTeos Therapeutics’ financial reports, the company reported $35 million in revenue for the full year 2024.  Concentra Biosciences is owned by Tang Capital... Read More »
ArchiMed Acquires ZimVie for $730 Million 

ArchiMed Acquires ZimVie for $730 Million 

On July 21, ArchiMed announced that it purchased ZimVie for $730 million. ZimVie stockholders will receive $19 in cash for each share of ZimVie common stock outstanding at the closing of the transaction.   ZimVie is a global life sciences leader in the dental market that develops, manufactures and delivers a comprehensive portfolio of products and solutions designed to support dental tooth replacement and restoration procedures. Zimvie spun out of Zimmer Biomet in 2022 and has since broken off into smaller pieces.   ArchiMed is an independent private equity investment firm focused exclusively on the healthcare industry. It has directly managed and invested in more than... Read More »