DaVita affiliate acquires Coastal Physicians Medical Group — 4 insights

DaVita Medical Group affiliate HealthCare Partners acquired Rancho Palos Verdes, Calif.-based Coastal Physicians Medical Group.

Here's what you should know:

1. HealthCare Partners and Coastal Physicians Medical Group have been affiliated since 1996. HealthCare Partners now owns Coastal Physicians.

2. Coastal Physicians Medical Group has three locations in the Los Angeles area. The group has served the area since the 1970s.

3. HealthCare Partners closed the acquisition Dec. 1, 2018.

4. Coastal Physicians Medical Group President and CEO Luis Magdaleno, MD, said, "I am thrilled to merge with HealthCare Partners and DaVita Medical Group. This will allow us to continue our pursuit of excellence in patient care in a larger platform which will positively impact our patients."

More articles on transactions/valuation:
The PE arms race — From the deal heard round the world to what's next in GI
The strategy behind Pardee UNC's $16M ASC
ASC supply chain tip of the day: Find an accountability structure

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months