In a statement the Blackstone Group said, its unit Blackstone Real Estate Partners along with co-investors have agreed to divest BioMed Realty for $14.6 billion to a group led by existing BioMed investors.

In 2015, Blackstone had acquired BioMed Realty, a supplier of office space to healthcare companies, for $8 billion.

Blackstone said it is starting a “go-shop” process on behalf of BioMed’s current investors, with the recapitalization expected to close within five business days after the process concludes.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: BioMed, BioMed Realty, Blackstone Group, Blackstone Real Estate Partners, co-investors, divest, healthcare companies, investors, office space, recapitalization, sale, sell, supplier