Genuine Health Group, a healthcare services company that partners with primary care physicians to deliver value-based care, acquired Accountable Care Medical Group, a Florida-based physician group that operates Accountable Care Organizations. Genuine Health’s purchase of ACMG comes on the heels of acquiring two other provider organizations: Premier Care Associates and PreventiMed.
A $160 million capital infusion from Crestline Investors funded all three acquisitions and dramatically accelerated Genuine Health’s growth, in terms of patient volume and annualized revenue.
Between the three companies, Genuine Health has added more than 20,000 Medicare patients and grew total annualized revenues to more than $750 million. In addition, ACMG expands the company’s geographic footprint throughout Florida and into Georgia and South Carolina, while adding more than 60 primary care physicians to Genuine Health’s network. Read more.
