Special Reports / Exclusives

Goldman Sachs, Charlesbank Acquire Widespread Primary Care Network

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MDVIP, a membership-based model, consists of 1,100 physicians serving more than 360,000 patients
As private equity investment in healthcare continues to soar, Goldman Sachs and Charlesbank have scooped up a sprawling primary care network with a unique business model.

Boca Raton-based MDVIP -- which consists of 1,100 physicians in 44 states and the District of Columbia who serve more than 360,000 patients -- announced late last week that the private equity business of Goldman Sachs Asset Management and funds affiliated with Charlesbank Capital Partners have completed an acquisition of the company from Leonard Green & Partners and Summit Partners for an undisclosed sum.

"MDVIP has differentiated itself with a proven model, national footprint, reputation, and patient satisfaction scores that exceed healthcare industry benchmarks. We are excited to collaborate with Charlesbank and the MDVIP management team to build on the company's leadership and strengths in primary care," said Jo Natauri, partner and global head of private healthcare investing at Goldman Sachs Asset Management, in a statement.

Brandon White, managing director at Charlesbank Capital Partners, added that the company "has developed a highly successful business model with multiple avenues for growth, and we look forward to supporting their continued momentum."

Founded in 2000, MDVIP offers a membership-based primary care model. However, the aim is for doctors to maintain smaller practices to…
Jennifer Henderson
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