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Montecito Medical Acquires Rochester, New York Medical Outpatient Building 

Montecito Medical Acquires Rochester, New York Medical Outpatient Building 

On May 20, Montecito Medical Real Estate announced that it acquired a Rochester, New York medical outpatient building (MOB) for an undisclosed price.  The MOB is occupied by Gastroenterology Group of Rochester. According to property records, the building comprises 10,395 square feet.  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 Medical’s 15th transaction of the year. Since the beginning of the year, the company has purchased MOBs in Georgia, Florida, Indiana, South... Read More »
Pacing the Market: McGuireWoods 2025 HCPE Conference Recap

Pacing the Market: McGuireWoods 2025 HCPE Conference Recap

The McGuireWoods’ 21st Annual Healthcare Private Equity and Finance Conference, held May 14-15, 2025 in Chicago, convened a large and diverse group of healthcare and private equity professionals for two days of networking and strategic dialogue. The event drew key players in healthcare finance and private equity, packed with sessions and panels addressing the most pressing topics in the industry. Keynote speakers Lance Armstrong, seven-time Tour de France winner and general partner at NEXT Ventures, and Anousheh Ansari, the first female private space explorer and CEO of XPRIZE Foundation, delivered addresses to attendees. Both shared stories of overcoming challenges and pushing boundaries.... Read More »
Montecito Medical Acquires Northwest Georgia Medical Outpatient Portfolio 

Montecito Medical Acquires Northwest Georgia Medical Outpatient Portfolio 

On May 13, Montecito Medical Real Estate, based in Nashville, Tennessee, announced that it acquired a medical outpatient building (MOB) portfolio in Northwest Georgia. The financial terms of the acquisition were not disclosed.  The MOB portfolio comprises seven facilities and totals 308,145 square feet. The buildings are in Rome, Calhoun, Adairsville and Cartersville, Georgia, and are part of the Atlanta-Sandy Springs-Roswell MSA. All buildings are 100% occupied by The Harbin Clinic.  Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed more than $6.5 billion in medical and veterinary real estate... Read More »
Specialty Smile Partners Acquires Little Gators Pediatric Dentistry 

Specialty Smile Partners Acquires Little Gators Pediatric Dentistry 

Specialty Smile Partners, based in Eau Claire, Wisconsin, announced that it acquired Little Gators Pediatric Dentistry.  Little Gators Pediatric Dentistry is a pediatric dental practice with one location in Winter Garden, Florida. According to its website, the practice is run by Jason J. Sotto and six dental assistants.  Backed by Blue Sea Capital, Specialty Smile Partners is a management services organization serving the orthodontics and pediatric dentistry sectors. The company was founded in 2017 and has a presence in more than 35 states.  This expands Specialty Smile Partners’ presence in Florida and marks the company’s first acquisition of 2025. The financial... Read More »
Datavant Acquires Aetion to Expand RWE Platform

Datavant Acquires Aetion to Expand RWE Platform

Datavant, a portfolio company of New Mountain Capital, announced that it will acquire New York City-based Aetion. The two companies will leverage their capabilities to create an end-to-end offering on data discovery, linkage, privacy, curation and advanced analysis, allowing their ecosystem and life sciences partners to create analytics-based insights. Founded in 2013, Aetion is focused on real-world evidence (RWE) in healthcare. Aetion provides RWE offerings to biopharmaceutical companies, medical device manufacturers, payers and regulators. Datavant is a health information technology company based in Phoenix, Arizona. The company develops and maintains a digital ecosystem for the... Read More »
BlackRock, Inc. Expands Hospice Network in Texas to 79 Facilities

BlackRock, Inc. Expands Hospice Network in Texas to 79 Facilities

BlackRock, Inc. has a notable hospice presence in Texas, now affording itself a presence in 79 facilities, according to the latest data from the Centers for Medicare & Medicaid Services. Texas emerges as the state with the company’s most substantial network, contributing to its national portfolio of 379 facilities, each with partial ownership ranging between 5% and 50%. Beyond Texas, Blackrock affiliates with hospice services in other key states such as Florida and Alabama, maintaining commitments to 38 and 19 facilities, respectively. This presence reflects its broader strategy within the healthcare industry, emphasizing hospice care among other sectors. Alongside hospice... Read More »
Pacing the Market: McGuireWoods 2025 HCPE Conference Recap

Webster Equity Partners Expands Hospice Affiliations in California

Webster Equity Partners expands its hospice presence in California through substantial affiliations with 14 facilities. According to the most recent CMS data, this positions it among the state’s leading hospice affiliates, alongside competitors such as Bristol Hospice Holdings Inc and Kaiser Foundation Hospitals, each also affiliated with 14 facilities. The organization extends its reach across 46 facilities nationally, solely within the hospice sector. The ownership structure of Webster Equity Partners Iv Bristol Cf Lp reveals partial ownership stakes—ranging from 5% to near full ownership—in almost all its facilities. This illustrates a strategy centered on collaborative affiliations... Read More »
Guardian Pharmacy Services Acquires Senior Care Pharmacy 

Guardian Pharmacy Services Acquires Senior Care Pharmacy 

On May 15, Guardian Pharmacy Services announced that it purchased Senior Care Pharmacy for an undisclosed price.   Senior Care Pharmacy is a long-term care (LTC) specialty pharmacy based in Wichita, Kansas. It serves a range of communities, including LTC facilities, assisted living, group homes, home health and mental health.  Headquartered in Atlanta, Guardian Pharmacy Services is one of the nation’s largest LTC pharmacy companies. Guardian’s pharmacies provide client services and resident care to LTC communities, including assisted living and skilled nursing, group home, behavioral health and to organizations that serve individuals with intellectual and... Read More »
Top Medical Outpatient Building Deals of 2025 (So Far) 

Top Medical Outpatient Building Deals of 2025 (So Far) 

Overall M&A Volume and Top Players  The halfway point for 2025 is nearly here, so the team at LevinPro HC wanted to take this opportunity to review the top deals of the year in the Medical Outpatient Building sector. M&A activity in the sector has been slow compared with 2024, with only 74 deal announcements so far. Annualized, that’s approximately 160 deals (give or take), much lower than the 212 deals announced in 2024.   Most of the deals (58 of them) this year have targeted a single property, averaging approximately 41,800 square feet. However, there have been a handful of portfolio deals, with those deals averaging 88,200 square feet.   Total announced deal... Read More »
Viemed Healthcare Acquires Lehan Drugs for $26 Million 

Viemed Healthcare Acquires Lehan Drugs for $26 Million 

Viemed Healthcare, Inc. announced on May 6 that it entered into an agreement to acquire Lehan Drugs, Inc. Lehan is being acquired for a base purchase price of $26 million, subject to customary net working capital adjustments and an estimated $2.2 million of contingent payments.   Lehan Drugs is a provider of durable medical equipment with six locations: five in Illinois and one in Wisconsin. Its products include sleep apnea machines, mobility aides and breast pumps. According to the original deal press release from May 6, 2025, Lehan generated net revenues of approximately $25.7 million and Adjusted EBITDA of approximately $7.4 million in 2024.  Viemed Healthcare is a... Read More »