Family Care Partners is a privately held company that aims to become the largest independent primary and preventative care company in the southeastern U.S.
The terms of the transaction have not been disclosed.
“Wagener Medical Center has done an exceptional job working to provide patients with easy access to quality care,” said Thomas Watson, president and CEO of Family Care Partners. “Our patient-centered model is designed to enable our providers to focus on delivering outstanding care and superior outcomes by absorbing the administrative burdens of operating a practice, leveraging our scale and management expertise. We are excited to partner with the team at Wagener, eliminate those burdens, and also provide the capital to expand the array of medical services available to the local community.”
More articles on transactions and valuations:
Rutgers University Medical School in the running to manage Bergen Regional
LifeBridge, Carroll Hospital merger brings new health services to community
16 recent hospital transactions and partnerships
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.