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Private equity firm acquires one of nation’s largest independent physician associations

Article

Independent Physician Association of New York bought by private equity firm that touts its value-based care commitment

private equity © Pavel - adobe.stock.com

© Pavel - adobe.stock.com

The physician-led Independent Physician Association of New York, one of the largest in the nation, has been acquired by the private equity-backed Vytalize Health, through an investment in Practice Management of America.

An announcement from Vytalize states that the deal builds on an existing partnership between the organizations dating to 2020 and accelerates the firm’s expansion into Medicare Advantage, commercial plans, Medicaid, and multi-specialty care.

“IPA NY is a longtime partner that shares our commitment to supporting independent physicians and helping them succeed in delivering high-quality, value-based care,” said Faris Ghawi, Vytalize Health co-founder and CEO, in a statement.

Headquartered in Suffolk County, IPA NY is one of the largest multi-specialty IPAs in the country with more than 3,000 providers. PMA provides clinical care management, care coordination, and administrative services across 1,000+ locations.

“The vision for PMA was always to find the right strategic partner to help accelerate the full potential of value-based care for our robust network of primary and specialty care providers,” said Michael Guarino, founder, and CEO at IPA NY and PMA. “Vytalize is an emerging market leader and together, we can bring superior data and technology to engage and strengthen independent providers. This ensures their patients come first and they receive the right care at the right place at the right time and receive comprehensive care that improves their outcomes while also reducing health care costs overall.”

Vytalize Health provides value-based incentives, smart technology, and a virtual and in-home clinic that helps independent practices succeed in value-based care arrangements.

Earlier this year, Vytalize Health announced a $100 million funding round to accelerate its goal to advance responsible value-based care for seniors by strengthening primary care practices.

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