Clinigence Holdings, Inc. (“Clinigence” or the “Company”) (OTC: CLNH), one of the nation’s leading technology-enabled, risk-bearing population health management companies, announced Friday that it has signed a binding letter of intent (“LOI”) to acquire ProCare Health, Inc. (“ProCare”). Based in Garden Grove, California and founded in 2011, ProCare is a leading management services organization (“MSO”) that currently provides services for four independent physician associations (“IPAs”) in Southern and Northern California.
Six longstanding Philadelphia independent physician associations (IPAs), today announced that they have joined forces to form Constitution Physician Alliance LLC (“CPA”), one of the largest IPAs in the greater Philadelphia area. CPA is led by Dr. Larry Doroshow, Board Chairman, and Dr. Timothy Fiorillo, Medical Director, and consists of more than 200 doctors, including both primary care doctors and specialists, from: Ben Franklin Physicians IPA, LLC; Broad Spectrum IPA, LLC; Delco Wellness Independent Physician Association; Liberty Independent Physicians Group, LLC; Prestige Physicians Group IPA, LLC; and Valley Forge IPA, LLC.
Rendr, a primary care-focused physician group serving approximately 100,000 Asian American patients in New York City, announced Monday a significant equity investment from Ascend Partners, a healthcare-focused private equity firm. Rendr is dedicated to providing quality, comprehensive healthcare to underserved Asian American residents throughout New York City. It is a primary care driven, multi-specialty physician group that currently has more than sixty medical providers serving patients at thirty locations across Chinatown, Flushing, Sunset Park, Bensonhurst, and other immigrant communities in New York City.
Definitive Healthcare tracks the number of physicians in medical group practices across the U.S. Here are the 15 groups with the most physicians, according to a list compiled by Becker’s ASC Review.
Babylon, the leading digital-first value-based care company with the mission to put accessible and affordable healthcare in the hands of every person on Earth, announced the acquisition of Meritage Medical Network (Meritage) through its affiliated California medical corporation to care for over 20,000 Medicare Advantage and Commercial HMO patients with its Babylon 360 healthcare service. This investment establishes the company’s position as the leader in digital-first, value-based care as it picks up speed in its rapid expansion across the United States.
Effective April 12, 2021, Orlando Health completed its acquisition of FHV Health, a multi-specialty group with locations throughout Lake, Sumter and Marion Counties. FHV Health consists of 19 physicians and 10 locations including primary care, cardiology practices and urgent care facilities. Founded almost 25 years ago, FHV Health brings together specialists in vascular surgery, primary care and cardiology to detect diseases earlier and treat them more effectively. The practice has provided access to world-renowned medical innovation and nationally recognized heart and vascular experts.
UnitedHealth Group bought its first medical practice 15 years ago and now aims to make providing healthcare its next $100 billion business, according to Insider. OptumHealth CEO Wyatt Decker, MD, told Insider that moving physicians into “value-based” arrangements and away from fee-for-service care is one way the business will grow revenue. He said physicians will be paid to keep patients healthy rather than billing health plans for every patient visit or test.
Sound Physicians, a physician-founded and led organization providing services across the acute episode of care, is expanding its critical care service in the greater Dallas region through its acquisition of Southwest Pulmonary Associates, LLP, a critical care and pulmonary medicine group based in TX. This new partnership includes four ICU programs and multiple post-acute facilities and pulmonary clinics. The Southwest Pulmonary team will continue to provide the full spectrum of pulmonary and critical care services to patients in the community.
Setting the course for continued health care innovation and unified growth, Summit Medical Group, the premier physician-owned and governed multispecialty group, and CityMD, the leading urgent care provider in the New York metropolitan area, today announced a new brand identity and positioning that reflects the enterprise formed by their 2019 merger. Beginning today, the combined organization’s corporate identity, as well as the century-old brand name of the multispecialty group, is Summit Health.
Best Value Healthcare LLC (“Best Value Healthcare”), a primary care platform focused on population health, announced today that it has acquired MAXhealth, a primary-care centric, multi-specialty group operating in West Florida, in partnership with MAXhealth’s founders: Tom Blankenship, Neil Bedi, and Inita Bedi. The acquisition immediately adds considerable scale to Best Value Healthcare and strengthens its presence in key attractive adjacent markets within Florida. Founded in 2006, MAXhealth includes approximately 45 primary care providers across 13 clinics and provides care for approximately 11,000 lives, primarily Medicare-eligible patients. Arsenal Capital Partners (“Arsenal”) completed an investment in Best Value Healthcare in November 2020.
What We Do
Who We Are
How We Work
Who We Help
Get In Touch
Connect With Us
Subscribe to Our Daily Note
We publish a Daily Note that aggregates M&A activity, notable developments, regulatory changes, and conferences we deem to be of interest to our partners. It is a quick afternoon read and an easy way to keep your finger on the pulse of the healthcare space. Please fill in your name and email address below if you wish to subscribe.