M&A Deal Summary

Palm Beach Accountable Care Organization Acquires ACO Health Partners

On January 20, 2023, Palm Beach Accountable Care Organization acquired healthcare services company ACO Health Partners from HealthLynked for 3M USD

Acquisition Highlights
  • This is Palm Beach Accountable Care Organization’s 1st transaction in the Healthcare Services sector.
  • This is Palm Beach Accountable Care Organization’s largest (disclosed) transaction.
  • This is Palm Beach Accountable Care Organization’s 1st transaction in France.
  • This is Palm Beach Accountable Care Organization’s 1st transaction in Florida.

M&A Deal Summary

Date 2023-01-20
Target ACO Health Partners
Sector Healthcare Services
Buyer(s) Palm Beach Accountable Care Organization
Sellers(s) HealthLynked
Deal Type Divestiture
Deal Value 3M USD

Target

ACO Health Partners

Jacksonville, Florida, France
ACO Health Partners is an Accountable Care Organization (ACO) participating in medicare shared savings program formed to benefit the patient. ACO Health Partners was founded in 2013 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Palm Beach Accountable Care Organization

Palm Springs, Florida, United States

Category Company
Founded 2010
Sector Healthcare Services
DESCRIPTION

Palm Beach Accountable Care Organization is a physician owned and operated value-based network of approximately 400 primary care physicians (PCPs) and 300 specialist physicians. PBACO operates upside and downside risk medicare and commercial ACOs with approximately 93,000 medicare and 123,000 commercial lives and a total of $1.7 billion annual billing under management. Palm Beach Accountable Care Organization was founded in 2010 and is based in Palm Springs, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (France) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

HealthLynked

Naples, Florida, United States

Category Company
Sector Information Technology
DESCRIPTION

HealthLynked Corp. provides a solution for both patient members and providers to improve healthcare through the efficient exchange of medical information. The HealthLynked Network is a cloud-based platform that allows members to connect with their healthcare providers and take more control of their healthcare. HealthLynked is based in Naples, Flordia.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (France) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 MedOfficeDirect

Naples, Florida, United States

MedOfficeDirect LLC is a virtual distributor of discounted medical supplies selling to both consumers and medical practices throughout the United States. With over 13,000 name brand medical products in over 150 different categories, MOD leverages Group Purchasing Organization (GPO) pricing discounts with a small unit-of-measure direct-to-consumer shipping model to make ordering medical supplies both convenient and highly cost-effective for its users. MedOfficeDirect was established in 2014 and is based in Naples, Florida.

Buy $6M