June 2018 M&A Spotlight: Pacific Alliance Medical Center Acquired
By: Eric Murphy, NKF 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.
Ninety two medical office building transactions closed in the month of May, totaling over $1.4 billion or 4.0 million square feet. Illinois had the most medical office building transactions with 14 (15% of total), followed by Florida with 12 (13% of total).
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.
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.
