PCA MEDICAL GROUP, INC. ACQUIRES TAMPA BAY IPA, LLC
March 31, 2014
TAMPA, FL – PCA Medical Group, Inc., a Florida-based risk bearing Medical Services Organization (MSO) consisting of wholly owned Primary Care Group Practices and Affiliated Provider Networks, announced today their strategic acquisition of the Tampa Bay IPA, LLC. “Over the past few months, our membership has grown tremendously, increasing the year over year number of patients empaneled to our MSO by thousands of patients. The Tampa Bay IPA represents over ninety primary care practices that are strategically aligned with our growth plans. We are delighted to have this organization join our team as we actively pursue adding great value to our health plan clients and our beloved patients. Our organization remains highly acquisitive and we’re seeking high quality physicians who can catapult PCA to the forefront of the MSO industry,” said Robert J. Bunker, PCA’s Chairman & CEO. “I have observed PCA’s resurgence over the past seven months and have been highly impressed with the integrity of this organization and its commitment to quality patient care. I am proud to become a member of this great company,” said Warren Fishman, Tampa Bay IPA’s CEO.”
About PCA Medical Group, Inc.
PCA Medical Group, Inc., is a multi-site risk bearing MSO consisting of wholly owned Primary Care Group Practices and Affiliated Provider Networks headquartered in Tampa, FL with operations throughout Florida and Georgia. Founded in 2007, PCA Medical Group partners with Medicare Advantage and Medicaid managed care organizations to provide primary care services and coordinate care for beneficiaries under global capitation arrangements. PCA was acquired by Enhanced Equity Funds (EEF) in 2012.
About Enhanced Equity Funds
Founded in 2005, EEF manages approximately $600 million of committed capital across two funds with the most recent raised in 2010. The Principals of EEF have over 100 years of combined experience investing in healthcare companies and possess strong relationships and knowledge within the industry. EEF specializes in working with growth companies and employs a creative approach to building value. The firm employs a flexible, but disciplined investment strategy focused on value creation through organizational development, organic growth and acquisitions. EEF seeks to invest $10 to $50 million or more over the life of a portfolio company in a variety of flexible structures. Visit: http://enhancedequity.com for more information.