Blog and News

Article commentary by: Eric Murphy, Global Healthcare Services

Allied Pacific Group acquired Pacific Alliance Medical Center for $33 Million in June 2018. Pacific Alliance Medical Center provides services including Prenatal Care, Pulmonology, Spine Surgery, Medical Services, Pain Management and Physical Therapy.

Pacific Alliance Medical Center

  • Headquarters: Los Angeles, CA

  • Number of Beds: 128

  • Industry: Hospital / Inpatient Services

  • Acquired By: Allied Pacific Group

  • Acquisition Date: June 2, 2018

  • Type: Merger/Acquisition

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Article written by: Silvia Ascarelli, MarketWatch, July 10, 2018

That Americans spend an inordinate amount of money on health care is no secret.

Vijay Govindarajan, a Dartmouth College professor who focuses on innovation, and Ravi Ramamurti, the director at the Center for Emerging Markets at Northeastern University, contend the U.S. could slash its $3.3 trillion annual health-care tab by 30% to 40% over the next decade without making us sicker and without rationing care... Read the full article here.

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Article written by: Christina Farr, CNBC, July 6, 2018

Health care is notoriously complicated. But it's also a mega-market rife with waste and inefficiencies. That makes it hard for big tech companies to ignore.

In the past five years, Apple, Amazon, Alphabet, Microsoft and Salesforce have all made big moves into the sector, as evidenced by a string of recent hires, product announcements and acquisitions. Apple CEO Tim Cook summed up big tech's attitude to health care in a recent interview when asked about whether the company's focus on health stemmed from altruism, capitalism or both: "We’re extremely interested in this area — and yes, it is a business opportunity." ... Read the full article here.

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Article commentary by: Will Burnette, Global Healthcare Services

73 medical office building transactions closed in the month of April, totaling over $605 million or 2.7 million square feet. Texas had the most medical office building transactions with 11 (15% of total), followed by California with 10 (14% of total). The average deal size was $14.04 million, and Intercontinental RE’s estimated $275 million acquisition of Harvard University’s Four Blackfan Circle was the largest transaction for the month. Intercontinental was also the largest buyer in terms of dollars.

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(Source: Real Capital Analytics, Inc.)

Article commentary by: Eric Murphy, Global Healthcare Services

Horizon Eye Specialists & Lasik Center was acquired by AmSurg in May 2018. AmSurg is a subsidiary of Envision Health. The price and deal terms were not disclosed. The acquisition will provide AmSurg to amount a new practice partnership model for strategic long-term growth.

Horizon Eye Specialists & Lasik Center

  • Headquarters: Phoenix, AZ

  • Employees: 13

  • Industry: Clinics / Outpatient Services

  • Services: Eye care services, Lasik surgery and cataract surgery

  • Acquired By: AmSurg

  • Acquisition Date: May 17, 2018

  • Type: Corporate Backed / Acquired

To learn more about the recent announcement that Envision Health is being acquired by KKR & Co., click here.

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Article written by: Ayla Ellison, Becker's Hospital Review, June 11, 2018

New York City-based private equity firm KKR & Co. has entered a definitive agreement to acquire Envision Healthcare, a Nashville, Tenn.-based physician services provider, in an all-cash transaction for approximately $9.9 billion, including the assumption of debt.

Here are four things to know:

1. Under the deal, KKR will acquire Envision for $46 per share, representing a 5 percent premium over Envision's closing price of $43.64 on June 8, according to The Wall Street Journal.... Read the full article here.

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Article commentary by: Eric Murphy, Global Healthcare Services

At the 2018 BOMA International’s MOB/Healthcare Real Estate Conference last month in Houston, TX, Ethan Brosowsky of The Advisory Board provided a comprehensive presentation on the opportunities and challenges health systems are facing when making decisions for their ambulatory networks. The shift from inpatient care to outpatient care is well underway and health systems need to develop a proactive strategy for outpatient care with involvement from key stakeholders of the system.

Brosowsky related the ambulatory network to a constellation of stars. The healthcare ecosystem is similar to a constellation as it needs to be interconnected and drive seamless integration throug...

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Global Healthcare Services Executive Managing Director Garth Hogan spoke to Commercial Property Executive about healthcare industry trends and how investors in the business can drive value.

Article written by: Alex Ciorogar, Commercial Property Executive, May 30, 2018

The health-care market is rapidly evolving. Outpatient migration, an aging population, the growing popularity of micro-hospitals and the impact of digital technologies are just some of the trends shaping the industry today. After several years of increasing sales volume, a record $13.3 billion worth of medical office buildings changed hands in 2017, according to a recent NKF report. Unsurprisingly, health-care assets should remain highly competitive throughout the year.

Garth ...

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Article written by: Molly Gamble, Becker's Hospital Review, May 29, 2018

Healthcare dealmaking involves more players with different goals and new business models than ever. It is a disservice to refer to healthcare M&A with the same vocabulary as in decades past. Tried and true language still serves a purpose, but doesn't express the aims and diversity of mergers and acquisitions in healthcare today.

Here are four archetypes of new healthcare deals, as outlined by PwC. The firm's full report, "The New Health Economy in the Age of Disruption," can be found here.

1. Vertical integrators.

This category represents deals such as CVS Health and Aetna, Optum and DaVita Medical Group, and Cigna and Express Scripts. These couples are trying to lower...

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Article written by: Alyssa Rege, Becker's Hospital Review, May 14, 2018

The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of May 7.

1. Cleveland Clinic, Baptist Health finalists to partner with Florida hospital
Boca Raton (Fla.) Regional Hospital pared down the list of potential affiliates to two health systems: Cleveland Clinic and Coral Gables-based Baptist Health South Florida, the 400-bed hospital announced May 11.

2. Beacon Health selects R1 RCM for expanded revenue cycle servicesComing off the heels of 2018 partnership announcements with Intermountain Healthcare, Ascension Health and Presence Health, R1 RCM recently announced the expansion of its existing ...

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2018 Healthcare Real Estate Outlook