CORAL GABLES, Fla.--(BUSINESS WIRE)--Palm Medical Centers (“Palm”), an MBF Healthcare Partners II, L.P. (“MBF”) portfolio company and one of the largest and fastest growing independent primary care medical groups in Florida, enters the Orlando market with the acquisition of Valley Medical Centers (“VMC"), a primary care practice with 4 medical center locations in Central Florida.
The acquisition of VMC marks Palm’s debut in Orange County and strengthens its presence throughout Florida, with the network now operating 31 community focused primary care centers in the state. The acquisition marks the first phase of Palm’s initiative to expand its clinical model throughout the Orlando area, which will continue in 2023 and 2024 with several additional clinic openings and acquisitions.
“The Orlando market continues to experience a rapidly rising Medicare population, and expansion of our value-based operating platform into this market is a natural fit for us,” says Fowad Choudhry, CEO of Palm Medical Centers. “In addition to our geographic synergy, the VMC physicians share the same values and like-minded approach to delivering high quality care to seniors in Central Florida.”
Palm’s operating model revolves around medical facilities and clinicians that deliver personalized primary care with an emphasis on an elevated and streamlined patient experience, resulting in industry-leading net promoter scores and patient satisfaction. For more information on Palm Medical Centers or to find a convenient location in Florida, please visit PalmMedicalCenters.com or keep up to date on the latest happenings on Facebook, Instagram, and LinkedIn.
ABOUT PALM MEDICAL CENTERS
Founded in 2013, Palm Medical Centers is a provider of value-based, capitated primary care services with a focus on high-quality clinical outcomes, cost-effective care, and a patient-centric experience. Operating a network of 31 medical centers across eight counties in Florida, Palm Medical Centers serves over 43,000 combined Medicare Advantage and managed Medicaid patients under value-based contracts. Partnering with numerous managed care organizations, Palm Medical Centers offers comprehensive and integrated medical care to plan members with a focus on quality. In addition to primary care services, the company coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry, and other specialist services. Palm Medical Centers continues to seek partnership opportunities with high quality providers in existing and new markets. For more information, please visit www.PalmMedicalCenters.com.
ABOUT MBF HEALTHCARE PARTNERS II, L.P.
MBF Healthcare Partners II, L.P. is a leading middle market healthcare private equity fund based in Coral Gables, Florida. Our strategy is to partner with exceptional management teams while leveraging MBF’s operating experience, domain segment knowledge, and tenured relationships to rapidly accelerate value creation. The partners of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly traded healthcare companies. MBF principals have managed and helped build some of the nation’s most innovative and successful healthcare companies. The firm is headquartered in Coral Gables, Florida. For more information, please visit www.mbfhp.com.
