Melville-based Allied Physicians Group is expanding its health care services with an investment by a private equity firm with Long Island ties, Newsday reports
Allied Physicians, which has more than 35 primary care offices in the New York region, said Ascend Partners, a health care private equity partnership, has acquired an equity stake in the medical group. The two companies declined to disclose the dollar amount of the investment or other terms of the transaction.
Ascend’s investment in Allied Physicians will help the medical group expand by hiring more health care providers and acquiring other practices, according to William G. Nestor III, chief of operations and administration at CareAbout, a management services organization affiliated with Ascend. Read more.
