Irvine-based real estate investment trust Griffin-American Healthcare REIT III Inc. recently said it spent $311.3 million on 18 properties in the three months ended June 30.
It owns a range of healthcare real estate, including medical office buildings.
The real estate investor bought 12 senior housing facilities and six medical office buildings in eight states.
Its largest deal on the senior housing side was for six communities in northern Indiana and southwestern Michigan with 653 rental units and 417,000 square feet of space. The REIT said the communities are all private-pay and have an average occupancy of 85%.
It also bought two senior living communities with 220 rental units and 282,000 square feet of space in Omaha and Bennington, Neb., and a three-building property with 345 rental units and a 260,000-square-foot portfolio in Bethlehem, Boyertown and York, Pa.
The deals included three medical office buildings totaling 99,000 square feet in the Philadelphia suburb of Paoli, Pa.; a 76,000-square-foot, six-story medical office building in Glen Burnie, Md.; and a 41,000-square-foot medical office building in Marietta, Ga.
Griffin-American has built “a diverse portfolio of real estate and real estate-related assets valued in excess of $940 million, based on aggregate purchase price,” Danny Prosky, the REIT’s president and chief operating officer, said in a news release.
It is sponsored by American Healthcare Investors and Griffin Capital Corp.
Alignment to Open Florida Clinics
Orange-based population health manager Alignment Healthcare LLC recently signed a deal with GuideWell Mutual Holding Corp. in Jacksonville, Fla., to establish Medicare Advantage clinics throughout Florida.
GuideWell is the parent company of Florida Blue, the state’s Blue Cross and Blue Shield health plan, among others.
Alignment and GuideWell said the clinics will feature teams of doctors “trained to manage the unique care needs of the most vulnerable patients in the community” who will work with nurse practitioners, physician assistants and nurse care managers.
It works with providers, health plans and hospitals. The company’s services include clinical care coordination, risk management, and enablement of information technology.
Praxsyn Heads to New Building
Praxsyn Corp., which provides various services to industrial health doctors and medical clinics, is adding a new Irvine building to house its pharmacy laboratory and billing services.
The building is in Sky Park Circle, across the street from Praxsyn’s corporate office and the laboratory of Mesa Pharmacy, its wholly owned subsidiary.
Praxsyn said in a news release that the new office will allow Mesa to triple the size of its pharmacy lab to about 3,000 square feet. Mesa is a medication and service provider for doctors.
The company said the new building will also provide additional space for another wholly owned Praxsyn subsidiary, the NexGen Med Solutions billing and collections company.
Bits & Pieces
Irvine-based patient monitor maker Masimo Corp. renewed its $1 million guarantee that its Masimo SET pulse oximetry technology will outperform all pulse oximeters produced by longtime rival Nellcor [now part of Ireland-based Medtronic PLC]. Masimo and Nellcor have battled for years over performance and patent issues, including trading several lawsuits. … Irvine-based Curely LLC introduced a mobile healthcare app that works on iOS and Android platforms. The app uses a marketplace model to connect doctors and patients. It features artificial intelligence by IBM Watson, a unit of Armonk, N.Y.-based IBM Corp. The company recently received a $2 million seed investment from Exponential Partners, an affiliate of Moffett Field-based Singularity University. … Health Media Network in Darien, Conn., said it acquired assets from Mission Viejo-based MedMedia LLC for an undisclosed price. MedMedia offers news, healthcare information and entertainment to patient waiting rooms. … Garden Grove Hospital Medical Center is part of industry publication Becker’s Healthcare’s annual 100 best community hospitals list.
