Average MOB Deal Size of $8.7 Million for September 2018
By: Will Burnette, NKF Global Healthcare Services
Sixty seven medical office building transactions closed in September, totaling over $561 million or 1.85 million square feet. California had the most medical office building transactions with 12 (18% of total), followed by Pennsylvania with 8 (12% of total). The average deal size was $8.7 million.
October 2018 M&A Spotlight: South Dade Neonatology Acquired
By: Eric Murphy, NKF Global Healthcare Services
South Dade Neonatology is an established group that has been providing neonatology services in the South Florida region for 20 years. They have 33 physicians and a strong support staff that services nine regional hospitals in the area. Partnering with MEDNAX will provide stability and continue their growth.
By: Commercial Observer, featuring GHS' Fall 2018 U.S. Healthcare Market Update
According to a recent report by Newmark Knight Frank, during 2017, medical office properties across the nation valued at $13.3 billion changed ownership, well above the $10.8 billion in 2016. 2018 has seen a decline in national sales volume with year over year total sales down by 17 percent (representing 164 properties) and volume in terms of dollars down by 18 percent, or $1.8 billion.
Healthcare M&A isn't expected to slow down next year, according to a survey of healthcare executives by Capital One.
In the next 12 months, 42 percent of executives expect M&A activity to be higher, while 48 percent expect it to remain the same. Only 10 percent believe M&A will be lower.