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Palm Medical Centers Announces Acquisition Of Robert V. Barbarite, M.D., P.A., Primary Care Practice In Broward County

Jan 07, 2022•almost 4 years ago

Acquiring Company

Palm Medical Centers

Acquired Company

Robert V. Barbarite

Health Care

Description

Palm Medical Centers (“Palm”), an MBF Healthcare Partners II, L.P. (“MBF”) portfolio company, announced the acquisition of Robert V. Barbarite, M.D., P.A., a six-provider internal medicine practice in Parkland, Florida.

Company Information

Company

Palm Medical Centers

About

Palm Medical Centers is a provider of value-based, capitated primary care services focusing on high-quality clinical outcomes, cost-effective care, and a patient-centric experience. Palm Medical Centers serves more than 34,000 Medicare Advantage and managed Medicaid patients across a network of 21 medical centers in five Florida counties. Partnering with numerous managed care organizations, Palm Medical Centers offers comprehensive and integrated medical care to health plan members, emphasizing quality and fiscal responsibility. In addition to primary care services, the company coordinates specialty services with a strong preferred provider network and provides its patients with access to exceptional health related services including 24/7 clinical support, social services, no-cost transportation, nutrition services, caregiver support and much more. Palm Medical Centers seeks partnership opportunities with high-quality providers in existing and new markets. Visit www.PalmMedicalCenters.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed