Vytalize Health, a risk-bearing provider enablement platform, acquired a majority interest in physician-led Independent Physician Association of New York, one of the largest multi-specialty IPAs in the country with more than 3,000 providers. The deal builds on an existing partnership between the organizations dating back to 2020 and accelerates Vytalize Health’s expansion into Medicare Advantage, commercial plans, and Medicaid, as well as multi-specialty care, according to a press release.
“IPA NY is a longtime partner that shares our commitment to supporting independent physicians and helping them succeed in delivering high-quality, value-based care. This acquisition is a natural extension of our alliance and will further improve access to high-quality, value-based care in the New York region and across the U.S.,” said Faris Ghawi, Vytalize Health Co-Founder and CEO.
The transaction involved Vytalize Health taking a controlling interest in IPA NY’s management company, Practice Management of America, which provides clinical care management, care coordination, and administrative services across 1,000+ locations. Read more.
