M&A Deal Summary

Ascend Partners Acquires Seoul Medical Group

On October 3, 2023, private equity firm Ascend Partners acquired information services company Seoul Medical Group

Acquisition Highlights
  • This is Ascend Partners’ 1st transaction in the Information Services sector.
  • This is Ascend Partners’ 8th transaction in the United States.
  • This is Ascend Partners’ 2nd transaction in California.

M&A Deal Summary
Date 2023-10-03
Target Seoul Medical Group
Sector Information Services
Buyer(s) Ascend Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Seoul Medical Group

Long Beach, California, United States
Seoul Medical Group (SMG) is a national network of independent community physicians who share a vision of improving the health and well-being of Asian American patients. Their network of Primary Care Physicians and Specialist Providers promotes patient wellness while coordinating comprehensive care. Seoul Medical Group was formed in 1993 and is based in Long Beach, California.

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Buyer(S) 1

Buyer

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 8 of 8
Sector (Information Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (California) 2 of 2
Country (United States) 8 of 8
Year (2023) 2 of 2
PREVIOUS 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.

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