Investment Summary

Ascend Partners Invests In Medical Specialists of the Palm Beaches

On December 1, 2022, private equity firm Ascend Partners invested in healthcare services company Medical Specialists of the Palm Beaches

Investment Highlights
  • This is Ascend Partners’ 6th transaction in the Healthcare Services sector.
  • This is Ascend Partners’ 6th transaction in the United States.
  • This is Ascend Partners’ 2nd transaction in Florida.

Investment Summary
Date 2022-12-01
Target Medical Specialists of the Palm Beaches
Sector Healthcare Services
Investor(s) Ascend Partners
Deal Type Growth Capital

Target

Medical Specialists of the Palm Beaches

Boynton Beach, Florida, United States
Medical Specialists of the Palm Beaches is a primary care-focused, multi-specialty physician group practice, serving South Florida. MSPB is a value-based care-focused, integrated healthcare delivery system, committed to providing comprehensive, high-quality care, with respect and integrity for our patients and the community. It has more than 90 Providers, spread across 30+ offices in Palm Beach and Broward counties and offers primary care, cardiology, interventional cardiology, neurology, hematology & oncology, gastroenterology, concierge medicine and laboratory services. Medical Specialists of the Palm Beaches was founded in 1995 and is based in Boynton Beach, Florida.

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Investor(S) 1

Investor

Ascend Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Focused
DESCRIPTION

Ascend Partners is a healthcare focused private equity firm, looking to partner with entrepreneurs and companies looking to improve the lives of patients, physicians, and healthcare providers. Specific healthcare areas of interest include healthcare services, value-based care, information, and healthcare technology providers. Ascend Partners was formed in 2019 and is headquartered in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Healthcare Services) 6 of 7
Type (Growth Capital) 3 of 4
State (Florida) 2 of 2
Country (United States) 6 of 8
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Elation Health

San Francisco, California, United States

Elation Health is a technology platform for primary care. The company delivered clinical-first solutions though built on a collaborative EHR platform that helps primary care organizations start, grow, and succeed in delivering the highest-quality personalized care to patients. Elation Health was founded in 2010 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Allied Physicians Group

Melville, New York, United States

Allied Physicians Group is a physician led organization and an independent provider of pediatric care. Allied Physicians Group is a growing partnership of more than 35 pediatric practices throughout Greater New York City, Long Island, and the lower Hudson Valley region. Allied Physicians Group was founde in 2006 and is based in Melville, New York.

Buy -
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