Coral Gables, Florida-based Palm Medical Centers, an MBF Healthcare Partners II, L.P. portfolio company, announced it acquired Family Medicine Associates, PA.
Family Medicine Associates, PA is a primary care practice located in Tamarac, Florida and is run by Dr. Mohammed F. Allahrakha.
Palm Medical Centers is a provider of value-based, capitated primary care services with a focus on high-quality clinical outcomes, cost-effective care and a patient-centric experience. In addition to primary care services, the company coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry and other specialist services. Operating a network of 19 medical centers across five counties in Florida, Palm Medical Centers serves more than 34,000 Medicare Advantage and managed Medicaid patients.
With this transaction, Family Medicine Associates becomes Palm’s 27th medical center location in Florida and 3rd location in Broward County. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 55th Physician Medical Group’s transaction of the year, and the third acquisition in the internal medicine specialty.
