Enhanced Healthcare Partners Deepens Relationship with Vytalize, Adding On Independent Physician Association of New York and Leading $100 Million Financing Round
Salt Lake City, UT (April 13, 2023) — Enhanced Healthcare Partners (“EHP”), a leading private equity firm specializing in transformative, middle-market healthcare businesses, is pleased to announce its portfolio company, Vytalize Health, has acquired a controlling stake in physician-led Independent Physician Association of New York (“IPA NY”), following its recent $100 million equity and debt capital raise led by EHP. Headquartered in Suffolk County, IPA NY is one of the largest multi-specialty IPAs in the country, with more than 3,000 providers.
Vytalize is a leading value-based care platform created to help independent physicians and practices improve patient care and lower costs through evidence-based, data-driven medicine. Rooted in an existing foundation of long-term partnership between the two organizations, Vytalize took a controlling interest in IPA NY’s management company, Practice Management of America (“PMA”), which provides clinical care management, care coordination and administrative services across more than 1,000 locations.
EHP made its initial investment in Vytalize in March 2022.
“One year into our partnership, Vytalize has seen exceptional growth in its care delivery infrastructure and geographical presence,” commented EHP General Partner Samarth Chandra. “EHP recognizes that additional capital and strategic M&A will further Vytalize’s momentum and drive sustainable relationships for its care delivery network — ultimately bettering the healthcare experience and empowering patients with their health outcomes.”
Adding IPA NY to the Vytalize platform aligns with the company’s mission to strengthen value-based primary care practices and transform the healthcare experience.
“Both Vytalize and IPA NY have strong market presence within the Tri-State area and share a commitment to supporting independent physicians and patients,” said Vytalize Co-Founder and CEO Faris Ghawi. “IPA NY’s provider base offers a great opportunity for Vytalize to grow its core business and expand into commercial and Medicare Advantage.”
EHP led Vytalize’s $100 million financing round with debt capital support from Monroe Capital.
ABOUT ENHANCED HEALTHCARE PARTNERS
Enhanced Healthcare Partners is a leading healthcare-focused private equity firm dedicated to making minority and majority investments in founder and entrepreneur-led middle-market companies. The EHP team has managed approximately $1 billion in equity capital and is comprised of professionals with deep healthcare, operations, consulting and investment management experience. The firm seeks to invest in companies between $50-$250 million in enterprise value, driving deep partnerships with management and founders to catalyze growth and build great organizations. For more information, visit www.enhancedhealthcare.com.
ABOUT VYTALIZE HEALTH
Vytalize Health is a risk-bearing provider enablement platform addressing the healthcare industry’s biggest challenges with its cutting-edge value-based care delivery system. Vytalize partners with more than 3,000 leading providers to improve the quality of care through evidence-based medicine and a patient experience rooted in kindness. By delivering the right data at the right time in the workflow to physicians and their staff, Vytalize makes its partners more efficient and effective, allowing them to focus on proactive, personalized medicine to improve the value of care and lower costs. Learn more at www.vytalizehealth.com.
ABOUT MONROE CAPITAL
Monroe Capital LLC is a premier boutique asset management firm specializing in private credit markets across various strategies including, direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles.
FOR PRESS INQUIRIES
Allie Gamble
MiddleM Creative, on behalf of Enhanced Healthcare Partners allie@middlemcreative.com
T 704.280.1432