Private equity-backed Excelsior Integrated Medical Group and Rendr announced on November 28 that they will combine to form a New York City-based integrated multi-specialty medical group and related professional management service organization dedicated to providing value-based health care to the Asian community.
The combined enterprise, which will operate under the name Rendr, will include approximately 200 providers operating out of nearly 100 medical sites across the New York City boroughs of Brooklyn, Manhattan, Queens and Staten Island. The new venture is backed by Ascend Capital Partners and Kain Capital LLC, two healthcare-focused private equity firms.
Rendr, backed by Ascend Capital Partners, is a primary care-focused, multi-specialty medical group dedicated to serving Asian populations in New York City. Founded in 2019, the physician group has more than 100 medical providers serving a patient population of approximately 100,000 at its 40 locations throughout Brooklyn, Manhattan and Queens.
Backed by Kain Capital, Excelsior Integrated Medical Group started in 2013 as a financially integrated multi-specialty medical group with three primary care physician practices. Excelsior has more than 80 providers from 12 clinical specialties across 21 divisions at 59 sites in Brooklyn, Manhattan, Queens and Staten Island.
According to the LevinPro HC database, this marks the 544th Physician Medical Group transaction in 2022 and the second in the primary care subsector.
