A Medical Device Daily

Atlas Copco's (Stockholm, Sweden) North American business has acquired Beacon Holdings Corp. (parent company to BeaconMedaes and Medaes ) from The Riverside Co. (San Francisco) for SEK 700 million (about $96.8 million) in cash.

The BeaconMedaes (Charlotte, North Carolina) group is a solutions provider, predominantly of medical air systems and medical utility delivery systems for hospitals.

The BeaconMedaes group has 386 employees. The company has assembly facilities and a strong presence in both the U.S. and UK. It is a supplier of medical air equipment, including medical air compressors, vacuum systems and pipeline components. Its products, for example, supply breathing air for hospitals and compressed air to drive surgical tools.

BeaconMedaes becomes Atlas Copco's competence center for medical air and medical utility delivery systems. The business is part of Atlas Copco Compressor Technique's Industrial Air division and the products will be sold under the brand names Atlas Copco, Medaes and BeaconMedaes.

HealthpointCapital (New York) said it has purchased DTI Dental Technologies (Vancouver, British Columbia), which custom designs and fabricates crowns, bridges, dentures, cosmetic appliances and orthodontic appliances for its customers, dentists serving patients in need of restorative and cosmetic dentistry.

The DTI is the second dental-related acquisition that Healthpoint has made in the past week. The company acquired BioHorizons Implant Systems (Birmingham, Alabama), which makes oral reconstructive devices, including dental implants and tissue regeneration products, last Wednesday (Medical Device Daily, Aug. 24, 2006).

John Foster, chairman and managing director of HealthpointCapital will serve as the chairman of DTI and Mortimer Berkowitz III, president and managing director of HealthpointCapital, will serve as a director of the company.

DTI was founded in 1997 and has grown into one of the largest dental laboratory companies in the world, with more than 400 employees and a network of 16 labs in Canada and the U.S.

In other dealmaking, Medical Properties Trust (MPT; Birmingham, Alabama) said it has completed a $17.8 million acquisition of the real estate assets of an acute care hospital in Portland, Oregon.

The hospital building will be renovated and converted into a long-term acute care hospital and is scheduled for opening in 2Q07.

The Portland facility will be operated by Vibra Healthcare (Mechanicsburg, Pennsylvania). Subsequent to the acquisition announced today, along with approximately $4 million in expected renovation costs to be funded by MPT, Vibra will represent approximately 35% of MPT's assets and 35% of annualized pro forma revenue.

The initial term of the lease is 15 years, with options to extend for three terms of five years each. Base rent, at an initial GAAP rate exceeding 12.5%, will increase each year during the lease term at the greater of a base rate or an inflation factor. The Portland lease is cross-defaulted with Vibra's other leases and loans.

MPT is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities.