Ascend Capital Partners, a healthcare-focused private equity firm, has made an investment in Medical Specialists of the Palm Beaches, a primary care-focused, multi-specialty physician group practice serving Palm Beach and Broward counties in Florida.
MSPB aims to use the funding to expand its footprint and care offerings, improve patient education efforts and invest in additional clinical services to serve more patients throughout South Florida. CareAbout, a healthcare consulting firm, has also made an investment in the firm.
“We are incredibly proud and humbled to support MSPB’s continued growth and leadership in providing higher quality, integrated care while lowering costs for patients and our healthcare system,” comments In Seon Hwang, managing partner of Ascend Capital Partners. “MSPB’s success is a testament to the power of patient-physician alignment, better clinical and operating insights, and having a proactive, team approach to healthcare.”