Deloitte Corporate Finance LLC Advises Premier Health Network LLC and Orlando Family Physicians, LLC on its Partnership with InnovaCare, Inc. has been added to your bookmarks.
Deloitte Corporate Finance LLC Advises Premier Health Network LLC and Orlando Family Physicians, LLC on its Partnership with InnovaCare, Inc.
New York, NY, December 17, 2018 — Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to Florida-based Premier Health Network LLC and Orlando Family Physicians, LLC (together, Premier), a rapidly growing management services organization and value-based primary care provider in Central Florida, on its recent partnership with InnovaCare, Inc. (InnovaCare), a leading provider of integrated healthcare solutions. The transaction closed on November 12, 2018.
Headquartered in Orlando, FL, Premier provides primary care, and increasingly specialist services, to over 100,000 individuals across central Florida through its 17 medical centers and over 65 providers. In its partnership with InnovaCare, Inc., Premier is poised to continue to grow its business and serve as a dominant primary care provider in Florida.
“DCF delivered high-touch advisory services at every stage of the process. Their experience working with complex healthcare businesses, deep relationships with strategic and financial investors, and execution capabilities enabled us to secure an outcome that exceeded our expectations. We are excited to work with InnovaCare to continue to grow our business,” said Jorge Garcia, founder and CEO of Premier.
“InnovaCare’s expertise operating within the value-based payor-provider landscape will enable Premier to continue to grow its business and serve as a dominant value-based primary care provider,” said Simon Gisby, managing director for Deloitte Corporate Finance LLC.
“Combining Premier’s reputation for providing high quality, cost-effective care and strong track record of growth in Central Florida with InnovaCare’s national scale and experience in managed care provides an exciting opportunity for the growth of the combined company,” said Jason Porter, managing director for Deloitte Corporate Finance LLC.
About Premier Health Network LLC
Premier is an Orlando-based management services organization and physician practice group operating under global capitation, primary care capitation, gainsharing, and fee-for-service arrangements with leading health plans to manage population health by providing primary care, and increasingly specialist, medical services to their plan members. Premier provides care to over 100,000 members through its 17 medical centers and over 65 providers. For more information, visit https://orlandofamilyphysicians.com/.
About InnovaCare, Inc.
InnovaCare improves the lives of members and physicians through innovative solutions for value-based healthcare. In each unique market the company serves, InnovaCare works across the healthcare ecosystem – with patients, providers, payers and other partners – to increase access to high-quality, affordable care. Based in Fort Lee, N.J., InnovaCare has been on the forefront of value-based care for more than a decade, distributing risk and developing proprietary technologies to inspire patient and provider engagement. Through an integrated portfolio of health plans, medical service organizations, clinical networks and more, the company manages nearly 500,000 lives, including more than 100,000 dual-eligible beneficiaries. InnovaCare’s Medicare Advantage plans have received NCQA accreditation and 4.5-star quality ratings from the Centers for Medicare and Medicaid Services (CMS). For more information, please visit www.innovacarehealth.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth, and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives.
For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
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