TLDR:
– Epilog Partners acquired Care Connectors Medical Group on May 8, 2024
– Care Connectors provides national, on-demand value-based care enablement solutions
In a recent announcement, private equity platform Epilog Partners revealed the acquisition of Care Connectors Medical Group on May 8, 2024. The majority recapitalization included contributions from the company’s founders and co-investment from HealthQuest Capital, Echo Health Ventures, and Blue Venture Fund. Headquartered in Newport Beach, California, Care Connectors offers a wide range of value-based care enablement solutions, partnering with health plans and risk-bearing providers to manage prospective risk adjustment, quality improvement, and care coordination.
With a focus on delivering customized solutions based on their AI-enabled software platform, Care Connectors aims to meet the unique needs of their customers. The acquisition aligns with Epilog Partners’ strategy of investing in tech-enabled payer and provider services that drive improved outcomes. The partnership is expected to support Care Connectors’ growth and operational excellence in the value-based care space.
Epilog Partners has a history of successful investments in companies that enhance clinical, financial, and experiential outcomes. With a research-centric approach, the firm targets equity investments in profitable, high-growth companies within the healthcare sector. The terms of the majority recapitalization were not disclosed, but the transaction was supported by legal advisors Gibson, Dunn & Crutcher and Holland & Knight for Epilog, and Bailey & Company and Sheppard Mullin for Care Connectors.
Overall, the acquisition of Care Connectors by Epilog Partners represents a strategic move in the value-based care enablement space, leveraging the expertise of both organizations to drive innovation and deliver enhanced healthcare solutions to patients and members.
