Boca Raton, Florida-based MDVIP is one of the nation's largest concierge medicine providers, with a network of more than 1,100 primary care physicians and 357,000 patients.
Goldman Sachs Asset Management and Charlesbank Capital Partners on Thursday announced that they've acquired controlling ownership in concierge care provider MDVIP from Leonard Green & Partners and Summit Partners.
Financial terms were not disclosed for the deal, which is expected to close by year's end.
Founded in 2000, Boca Raton, Florida-based MDVIP is one of the nation's oldest and largest concierge medicine providers, with a national network of more than 1,100 primary care physicians and 357,000 patients.
"This investment by Goldman Sachs and Charlesbank speaks to the strength and resiliency of our business model, and we are excited to partner with them as we embark on our next phase of growth," said MDVIP Chairman and CEO Bret Jorgensen.
MDVIP partners with employers to offer healthcare services to their workers. The company has also expanded its offerings to include incorporating the concierge model in hospitals and developing a women's healthcare program that pairs gynecological services with preventive primary care.
"MDVIP has an impressive track record of delivering business growth to investors and proven healthcare outcomes that benefit patients, physicians and the healthcare system at large," said Jo Natauri, Partner and Global Head of Private Healthcare Investing within Goldman Sachs Asset Management.
"The company's history and ability to adapt to a rapidly changing healthcare environment make it a strong addition to our investment portfolio, and we look forward to partnering with Charlesbank and the MDVIP management team."
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“This investment by Goldman Sachs and Charlesbank speaks to the strength and resiliency of our business model, and we are excited to partner with them as we embark on our next phase of growth.”
Bret Jorgensen, Chairman / CEO, MDVIP.
John Commins is the news editor for HealthLeaders.
KEY TAKEAWAYS
Financial terms were not disclosed for the deal, which is expected to be finalized by year's end.
MDVIP partners with employers to offer healthcare services to their workers.
The company is devoping a concierge model in hospitals and a women's healthcare program.