Following the sale of InnovaCare’s Puerto Rico-based assets earlier this year, Summit Partners is seeking a buyer for its remaining Florida-based value-based primary care platform, four sources familiar with the matter told PE Hub.
JPMorgan Securities is providing sell-side financial advice on the process and the company has already received first round bids, the people said. While value-based care companies continue to command heightened levels of private equity investment broadly speaking, the rapid M&A-driven growth of its Florida operations adds complexity in valuing the business. Read more.
