A large physician group in Florida landed a multimillion dollar investment to accelerate growth.
Four details:
1. Physician Partners, a primary care physician group and managed service organization with more than 545 physician members, got a $500 million investment Feb. 1.
2. Kinderhook, a private investment firm managing more than $4.7 billion of committed capital, led the investment, the company's 51st healthcare transaction.
3. Physician Partners focuses on providing value-based care and aligning with payers for risk-based arrangements.
4. Other financial terms of the agreement were not disclosed.