Genuine Health Group acquired Accountable Care Medical Group (ACMG), a Florida-based physician group that operates accountable care organizations, Open Minds reports. Financial terms were not disclosed.
The acquisition was funded by a $160 million capital infusion in September 2021 from Crestline Investors. With that funding, Genuine Health Group also recently acquired Premier Care Associates and PreventiMed.
ACMG operates Medicare ACOs. Between the three companies, Genuine Health has added more than 20,000 Medicare beneficiaries. It 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.
