M&A Deal Summary

InnovaCare Health Acquires Family Care Partners

On May 19, 2021, InnovaCare Health acquired healthcare services company Family Care Partners

Acquisition Highlights
  • This is InnovaCare Health’s 2nd transaction in the Healthcare Services sector.
  • This is InnovaCare Health’s 2nd transaction in the United States.
  • This is InnovaCare Health’s 2nd transaction in Florida.

M&A Deal Summary

Date 2021-05-19
Target Family Care Partners
Sector Healthcare Services
Buyer(s) InnovaCare Health
Deal Type Add-on Acquisition
Advisor(s) Provident Healthcare Partners (Financial)

Target

Family Care Partners

Jacksonville, Florida, United States
Family Care Partners is an independent primary and preventative care company in the Southeast. FCP conducts more than 140,000 patient visits annually and employs more than 230 staff members, making it one of the largest providers of primary care in the region.

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Buyer(S) 1

Buyer

InnovaCare Health

Orlando, Florida, United States

Category Company
Founded 1998
Sector Healthcare Services
DESCRIPTION

InnovaCare Health improves the lives of patients and physicians through innovative solutions for value-based healthcare. Throughout its 20+ year history, InnovaCare Health has owned, operated, and managed an integrated portfolio of medical groups, health plans, medical service organizations, clinical networks, and more. InnovaCare Health was founded in 1998 is based in Orlando, Florida.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 MMM Holdings

San Juan, Puerto Rico

MMM is a vertically integrated healthcare organization that represents the ninth-largest MA plan in the country and second-largest Medicaid plan on the island of Puerto Rico. MMM seeks to provide its members with a whole-health experience through its network of specialized clinics and wholly-owned independent physician associations (IPAs) Castellana Physicians Services and PHM as well as independent IPAs; together the MMM network includes more than 10,000 healthcare providers and more than a dozen offices across Puerto Rico.

Sell -