February 10, 2021
CORAL GABLES, FL — Strategic Health Services, LLC d/b/a Palm Medical Centers (“PMC”), an MBF Healthcare Partners II, L.P. (“MBF”) portfolio company, announced today that it has acquired substantially all of the assets of Forest Hills Health Care, Inc., a four location primary care medical practice (“Forest Hills” or the “Company”).
Founded in 1994, Forest Hills is headquartered in Tampa, Florida and has four locations across Hillsborough and Pasco Counties. The Company employs 5 medical providers and serves more than 1,200 Medicare Advantage members, as well as managed Medicaid and commercially insured patients.
“The acquisition of Forest Hills Health Care solidifies our presence in the greater Tampa area. We are excited about adding experienced, successful physician leaders like Dr. Patel and Dr. Desai to further strengthen PMC’s patient-centric clinical model. This relationship provides PMC with a strong anchor in the greater Tampa market as we continue to expand our platform throughout Central Florida.” said Fowad Choudhry, CEO of PMC.
“We are thrilled to be partnering with PMC, and the team they have built, to create a larger and lasting impact on the patients and communities we serve,” said Dr. Chandravadan Patel, President of Forest Hills. “There are a variety of potential partners for a group like ours. It was clear to us that the team at PMC had a bold vision and could significantly advance our mission. Together, our companies are going to benefit from enhanced scale, shared knowledge, and a focus on clinical excellence, enabling PMC to set the standard for high-quality and effective managed care in Florida and beyond.”
About Strategic Health Services, LLC
Strategic Health Services, LLC d/b/a 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. Operating a network of 18 medical centers across five counties in Florida, PMC serves more than 32,000 Medicare Advantage and managed Medicaid patients. Partnering with numerous managed care organizations, Palm Medical Centers offers comprehensive and integrated medical care to plan members with a focus on quality. In addition to primary care services, the company coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry and other specialist services. Palm Medical Centers continues to seek partnership opportunities with high quality providers in existing and new markets.
About MBF Healthcare Partners II, L.P.:
MBF Healthcare Partners II, L.P. (“MBF”) is an industry-focused private equity firm dedicated to the healthcare sector that invests in leveraged buyouts, growth capital investments and recapitalizations. The Principals of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly-traded healthcare companies. MBF principals have managed and helped build some of the nation’s most innovative and successful healthcare companies. The firm is headquartered in Coral Gables, Florida. For more information, please visit www.mbfhp.com.
To inquire about services at Palm Medical Centers or if you are a provider interested in joining our team, please call 305-913-9444.
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For more information, please visit www.palmmedicalcenters.com
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