July 2018 M&A Spotlight: Detroit Medical Center Acquired
By: Eric Murphy, NKF Global Healthcare Services
Detroit Medical Center is an outpatient pharmacy business with 7 locations throughout Detroit. The business was acquired by Walgreens Home Care, which is a subsidiary of Preferred Homecare.
Average MOB Deal Size of $7.1 million for June 2018
By: Will Burnette, NKF Global Healthcare Services
Sixty nine medical office building transactions closed in the month of June, totaling over $498 million or 1.9 million square feet. Florida had the most medical office building transactions with 9 (13% of total), followed by Arizona with 6 (9% of total).
Several private equity firms are investing in primary care clinic operators, driven in part by greater employer pressure to lower medical costs, according to Bloomberg.
1. Private investor New Enterprise Associates led a $165 million funding round for Paladina Health, a Denver-based primary care company.
