Delray Medical Center has been acquired by Genesis Medical, the medical group that owns the Denver Nuggets and has developed a variety of drugs and therapies.
The transaction was announced today, according to The Denver Post.
Genesis Medical has been in business for more than 20 years, and it is headquartered in Denver.
The deal is expected to close in the second half of the year.
“Genesis Medical is a pioneer in clinical research and development in the fields of regenerative medicine and regenerative engineering,” said Dr. Joseph G. Pappas, president and CEO of Genesis Medical.
“Their mission is to bring a holistic approach to regenerative healthcare, and we are proud to be their first acquisition.”
Genesis Medical also has an office in Los Angeles and is working with the company to develop its own line of drugs.
Pappy is also joining the company, the company said.
The company said it is working to complete its acquisition of the Denver Broncos, which includes a $7.5 million buyout.
It will be announced in the coming days.
In addition to the Nuggets, the Denver Business Journal reported that the Denver Health Alliance and Health Alliance of Greater Denver, which manages the Denver Medical Center, are also in the process of acquiring Genesis Medical’s medical center.
The Broncos were acquired by billionaire Mark Cuban and the team’s new owners.
The Denver Business Review reported that two sources said that the new owners are in talks to bring Pappy to the team.
In a statement, the Nuggets said, “We look forward to working with this team and their ownership group on the development of innovative, high-quality, and cost-effective products for our players, fans, and employees.
We are excited to welcome Pappy, who will help us bring more excitement to our fans, the community, and our city.”