Ascend Capital Partners, a healthcare focused private equity partnership, announced an equity investment in Allied Physicians Group, New York’s largest independent provider of pediatric care, and Adjuvant.Health, an innovator in providing physician-led medical practice administration. As part of the investment, CareAbout, a management services organization affiliated with Ascend Capital Partners, will partner with Adjuvant.Health to improve healthcare delivery and clinical quality.
In Partnership with CareAbout, Investment will Enable Expansion of Primary Care Services and Improve Patient Care Management and Delivery
Allied Physicians Group offers comprehensive care at more than 35 primary care offices across the New York market, with 150 clinicians who see more than 180,000 patients. Adjuvant.Health provides a full suite of consultative services including administrative consulting, marketing, practice services, information technology as well as culture and leadership training. The investment will enable Allied Physicians Group and Adjuvant.Health to expand more deeply into comprehensive primary care services, and extend the reach and depth of preventive, acute and chronic care management for patients.
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“We are excited to be working with Ascend Capital Partners and CareAbout’s highly experienced management team to grow our footprint, expand the services we offer and improve the delivery of care,” said Dr. Kerry Frommer Fierstein, CEO of Allied Physicians Group and Adjuvant.Health. “As organizations, we collectively share a similar mission of improving healthcare access, affordability, and quality, which will enable us to continue to operate in a way that empowers our physicians and lets us put our patients’ needs first.”
“Allied Physicians Group and Adjuvant.Health have been successful because they recognize that efficient, technology-driven care and practice administration improve the patient-physician relationship and optimize health outcomes,” said Dr. Richard Park, Managing Partner of Ascend Capital Partners. “We look forward to supporting their continued efforts to improve access and affordability, while delivering quality patient care.”Allied Physicians Group is the largest independent pediatric group in New York and operates apart from health systems and hospitals.
SOURCE: PRNewswire