Predict your next investment

HEALTHCARE | Medical Facilities & Services / Specialized Healthcare Services
colonialfamilypractice.com

See what CB Insights has to offer

Stage

Recap | Alive

About Colonial Family

Provider of primary care and ancillary patient diagnostic services. The company offers services for family medicine, urgent-care services, pediatrics, and other areas of care. It also has seven other facilities including locations dedicated to neurology, pain control, and sleep.

Colonial Family Headquarter Location

325 Broad Street

Sumter, South Carolina, 29150,

United States

(803)773-5227

Latest Colonial Family News

07:45 ET Provident Healthcare Partners Advises Family Care Partners In Its Partnership With InnovaCare

May 19, 2021

News provided by Share this article Share this article BOSTON and LOS ANGELES, May 19, 2021 /PRNewswire/ -- Family Care Partners ("FCP"), a physician-led medical group based in North Florida, has partnered with InnovaCare Health ("InnovaCare"), a portfolio company of Summit Partners. With five practice locations and 44 providers, FCP conducts more than 140,000 patient visits annually and employs more than 230 staff members, making it one of the largest providers of primary care in the region. Provident Healthcare Partners  ("Provident") served as the exclusive financial advisor to FCP. The terms of the transaction were not disclosed. "I would like to express Family Care Partners' appreciation for Provident's assistance with this complex process that ultimately led us to InnovaCare, a partner that shares our vision for the future of physician led, patient centered healthcare reform. From the start, Provident aligned with our values, listened to our needs, and constantly advised us in a way that ensures FCP, in partnership with InnovaCare, continues to be a physician led healthcare leader," noted Dr. William Carriere, CEO, FCP. I would like to express Family Care Partners' appreciation for Provident's assistance with this complex process... "I want to congratulate the entire FCP team on this partnership with InnovaCare. FCP's excellent reputation among payors provided multiple options for potential partners. InnovaCare's extensive experience working within both a clinic setting, as well as with independent providers in an affiliate model, is what made this partnership so attractive," stated Dustin Thompson , Senior Vice President at Provident. "FCP believes that InnovaCare presents the best opportunity for growth, particularly with regards to its value-based reimbursement models. This deal will allow for further expansion of InnovaCare's presence in Northeastern Florida and Southeastern Georgia," added Bill Bolding , Associate at Provident. About Family Care Partners Family Care Partners is a northeastern Florida based physician group that provides primary care, pediatrics, family practice, and internal medicine services. The Company has established an ACO and MSO, which are affiliated with the medical practice, as well as the groups clinical research services. For additional information, visit www.familycarepartners.com . About InnovaCare Health Based in White Plains, N.Y., InnovaCare Health improves the lives of members and physicians through innovative solutions for value-based healthcare. Through an integrated portfolio of health plans, medical service organizations, clinical networks and more, the company manages more than 500,000 lives, including more than 150,000 dual-eligible beneficiaries. InnovaCare's Medicare Advantage plans have received NCQA accreditation and 4.5-star quality ratings from the Centers for Medicare and Medicaid Services (CMS). For more information, please visit  http://innovacarehealth.com/. About Summit Partners Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $23 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. For more information, visit http://www.summitpartners.com . About Provident Healthcare Partners Provident is a leading healthcare investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, including a significant track record of success within primary care services. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a number of buyers such as private equity firms and strategic consolidators. For additional information, visit www.providenthp.com or follow on LinkedIn . Contact:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Colonial Family

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Colonial Family is included in 1 Expert Collection, including Sleep Health & Wellness.

S

Sleep Health & Wellness

793 items

These companies aim to assess or improve the quantity/quality of sleep, or use sleep data in the monitoring or diagnosis of other health conditions.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.