Ascend Capital Partners, a healthcare focused private equity partnership, announced that it has acquired a majority stake in Long Beach, CA-based Seoul Medical Group, a physician-run Independent Physician Association. Terms of the transaction were not disclosed.
Founded in 1993, SMG is the largest Korean-American-focused IPA serving over 70,000 patients and 4,800 providers, including nearly 400 primary care physicians and more than 4,400 specialists in seven markets across the United States. Read more.
