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Newmark Healthcare Capital Markets Advises on Medical Outpatient Building Transaction
On December 23, National Healthcare Properties, Inc. announced that it sold a medical outpatient building (MOB) in Winfield, Alabama. The buyer was not disclosed. Newmark Healthcare Capital Markets, a subsidiary of Newmark Group, advised National Healthcare Properties in the sale. The financial terms were not disclosed. The MOB is located on 638 Tahoe Road and is primarily a dialysis center. It is tenanted by Fresenius Medical Care, with approximately three years remaining on the lease. According to property records, the building comprises 5,500 square feet. National Healthcare Properties is a publicly registered real estate investment trust focused on acquiring a... Read More »
Webster Equity Partners Forms New OB/GYN Platform Through Acquisition
Physician Growth Partners announced that Webster Equity Partners was creating a new OB/GYN practice with the acquisition and merger of Women’s HealthFirst and WomanCare. Women’s HealthFirst is an OB/GYN practice with five locations in Illinois. According to its website, there are 10 physicians on staff. Run by 17 physicians, WomanCare is an OB/GYN practice that is based in four locations in Illinois. Founded in 2003, Webster Equity Partners is a private equity firm that invests in the branded consumer and healthcare services industries and provides equity financing, expertise and a broad contact network for management buyouts and growth capital. Physician Growth... Read More »
Parallel ENT & Allergy Acquires Allergy & Asthma Associates of Michigan
Physician Growth Partners (PGP) announced that it advised on a Physician Medical Group (PMG) transaction. PGP advised Allergy & Asthma Associates of Michigan on its acquisition by Parallel ENT & Allergy Partners. The financial terms were not disclosed. Allergy & Asthma Associates of Michigan is an ear, nose & throat (ENT) practice with one location in Royal Oak, Michigan. According to its website, there are four physicians on staff, who are supported by a team of seven physician’s assistants. Launched in July 2022, Parallel ENT & Allergy Partners is backed by Trinity Hunt Partners, a growth-oriented private equity firm with deep healthcare experience.... Read More »
Top 5 Home Health & Hospice Deals of 2024
The Home Health & Hospice (HH&H) market has experienced a significant number of tailwinds in the past few years, such as aging demographics, a focus on expanding more cost-effective care settings, and favorable reimbursement trends. This environment has kept the HH&H healthy, often hovering around 100 per deals annually. Based on preliminary results, there were 92 transactions announced in the HH&H in 2024, compared with 99 in 2023 and 114 in 2022. As we close out the year, we wanted to provide the top five HH&H deals of 2024. Owens & Minor, Inc., a healthcare supply chain management company, acquired Rotech Healthcare for $1.36 billion, or 1.8x Rotech’s... Read More »
Immedica Acquires Marinus Pharmaceuticals for $151 Million
On December 30, Immedica Pharma announced that it acquired Marinus Pharmaceuticals, Inc. for approximately $151 million. Immedica will acquire all the outstanding shares of Marinus common stock for a cash purchase price of $0.55 per share, representing a premium of 48% based on Marinus’ closing share price as of December 27th and a premium of 97%, based on the 30-day volume-weighted average price of $0.28 per share preceding the announcement of the transaction. Marinus is a commercial-stage pharmaceutical company dedicated to the development of innovative therapeutics for seizure disorders. The Company’s product, ZTALMY® (ganaxolone) oral suspension CV, is an... Read More »
Guided Practice Solutions Acquires Five Dental Practices
On December 24, Guided Practice Solutions (GPS Dental) announced that it completed the acquisition of five dental practices. Operating in Pasco and Kennewick, Washington, Mid-Columbia Dental is run by four providers. Pinnacle Peak Family Dentistry is a dental practice with one location in Scottsdale, Arizona. According to its website, there are three doctors on staff. Based in Scottsdale, Arizona, AZ Sleep and TMJ Solutions is run by one physician: Dr. Sara Vizcarra. Prosthodontics of New York is a dental practice in New York. Nothing else was disclosed. Timber Dental operates six locations in the Portland, Oregon MSA. According to its website, there are 17 providers on... Read More »
Colliers U.S. Healthcare Capital Markets Advises on Decatur, GA Transaction
On December 30, Colliers’ U.S. Healthcare Capital Markets team announced that it advised on a medical outpatient building (MOB) acquisition by an undisclosed buyer. Decatur Medical Plaza is a boutique urban MOB based in Decatur, Georgia. It is a 42,921 square foot MOB that is fully leased to an impressive roster of tenants including investment grade health system, Emory Healthcare (Moody’s: Aa2), and multiple private equity owned physician groups. Decatur Medical Plaza is strategically located less than two miles from both Emory Decatur Hospital and the flagship Emory University Hospital. The MOB features prominent visibility within vibrant Downtown... Read More »
Top Five Private Equity Transactions of 2024
Private equity (PE) groups have experienced a decline in deal activity throughout 2024. There have been 664 deals completed by a PE (PE) firm and/or a portfolio company. This accounts for nearly 34% of the 1,943 healthcare transactions announced since January 1, 2024. This is a decrease from 2023 when PE transactions accounted for more than 35% of healthcare acquisitions (774 out of 2,199). In 2024, the sector that experienced the most PE investment was Physician Medical Group with 270 transactions. Here are five of the top PE transactions of 2024 KKR & Co. and Verital Capital acquire Cotiviti On February 14, KKR & Co. L.P. and Veritas Capital announced that... Read More »
Top 5 Physician Medical Group Deals of 2024
The Physician Medical Group (PMG) market experienced a decline in deal activity, totaling 455 transactions, compared to the 537 in 2023, and the 622 in 2022. The transactions varied in size and buyer time, with many of them small or independent practices getting purchased by large private equity groups. Dental was the most active specialty with 238 transactions reported since the start of 2024. Here are the top five PMG transactions of the year. Mission Cancer + Blood Purchased by University of Iowa Health Care On October 7, Mission Cancer + Blood was acquired by the University of Iowa Health Care (UIHC) for $280 million. Mission Cancer + Blood will continue... Read More »Schedule a demo
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