New Location is the 22nd Medical Facility for Palm Medical Centers
CORAL GABLES, Fla., May 09, 2022–(BUSINESS WIRE)–Palm Medical Centers, an MBF Healthcare Partners II, L.P. (“MBF”) portfolio company and value-based, senior primary care platform, announced today that it has entered into an agreement to acquire the assets of Dr. Aristides Martinez Internal Medicine Health Center. The Center is located in Delray Beach, Florida and is owned and operated by Dr. Aristides Martinez, MD.
The facility will become Palm Medical Centers’ 22nd location and its first office in Palm Beach County, marking the sixth county of service for the company, which continues to expand throughout South and Central Florida. This Delray location, as well as the recently acquired North Broward location, provide additional operational hubs on the east coast of Florida as the company continues to expand its access to Medicare Advantage patients.
“Our relationship with Dr. Martinez and the acquisition of his practice shows our continued commitment to provide the best quality healthcare to the residents of Florida,” said Fowad Choudhry, CEO of Palm Medical Centers. “Adding this excellent center in Palm Beach County was strategically important to support the growth of Medicare Advantage beneficiaries in the east Florida market.”
As a 29-year internal medicine specialist serving Delray Beach and Palm Beach County, Dr. Aristides Martinez understands the need for accessible and affordable healthcare.
“As a longstanding member of this community, with established roots and many patients who, over the years have become part of who we are, it was extremely important for me to partner with a healthcare provider with a proven track record for delivering the highest quality care to its patients,” said Dr. Martinez. “I am very pleased and excited that Palm Medical Centers shares my vision of service and commitment to their community and will continue the legacy that we started.”
The new Palm Medical Centers facility is located at 5258 Linton Blvd., Suite 301, Delray Beach, Fl. 33484 and will operate from 8 a.m. to 5 p.m., Monday through Friday.
ABOUT PALM MEDICAL CENTERS
Founded in 2013, Palm Medical Centers is a provider of value-based, capitated primary care services with a focus on high-quality clinical outcomes, cost-effective care, and a patient-centric experience. Operating a network of 21 medical centers across five counties in Florida, Palm Medical Centers serves more than 31,000 Medicare Advantage and managed Medicaid patients. Partnering with numerous managed care organizations, Palm Medical Centers offers comprehensive and integrated medical care to plan members with a focus on quality. In addition to primary care services, the company coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry, and other specialist services. Palm Medical Centers continues to seek partnership opportunities with high quality providers in existing and new markets. For more information, please visit www.PalmMedicalCenters.com.
ABOUT MBF HEALTHCARE PARTNERS II, L.P.
MBF Healthcare Partners II, L.P. is a leading middle market healthcare private equity fund based in Coral Gables, Florida. Our strategy is to partner with exceptional management teams while leveraging MBF’s operating experience, domain segment knowledge, and tenured relationships to rapidly accelerate value creation. The partners of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly traded healthcare companies. MBF principals have managed and helped build some of the nation’s most innovative and successful healthcare companies. The firm is headquartered in Coral Gables, Florida. For more information, please visit www.mbfhp.com.
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