HealthLynked, a global healthcare network focused on care management and a provider of healthcare technologies, announced that it has signed a definitive agreement to sell subsidiary ACO Health Partners to PBACO Holding, which operates under the DBA Palm Beach Accountable Care Organization.
Under the terms of the agreement, HealthLynked will receive the following consideration:
- $750,000 in cash paid at signing of the definitive agreement.
- Up to $2.25 million incremental cash based on agreement to participate in PBACO by AHP’s existing physician practices or newly added practices, scaled based on the number of covered patients transferred to PBACO by July 31, 2023.
In the event that PBA completes a planned IPO by Aug. 1, 2024, HealthLynked will receive shares in the public entity at the time of the IPO with a value equal to AHP’s 2021 earnings times the EBITDA multiple used to value the public entity’s IPO shares, net of any cash consideration previously paid by the buyer.
PBACO Holding, LLC, DBA Palm Beach Accountable Care Organization (PBACO), is a physician owned and operated value-based network of approximately 400 primary care physicians (PCPs) and 300 specialist physicians in Florida. Read more.
