Palm Medical Centers, Inc.

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Palm Medical Centers, Inc. - overview

Established

2013

Location

Coral Gables, FL, US

Primary Industry

Healthcare

About

Palm Medical Centers, Inc. is a healthcare provider in the US, dedicated to delivering specialized services for senior patients, focusing on primary care, specialist consultations, and comprehensive clinical care tailored to their unique needs. Palm Medical Centers, Inc. was founded in 2013 and operates primarily in Coral Gables, US.


The company specializes in providing healthcare services tailored for seniors. It has executed a strategic acquisition by MBF Healthcare Partners of Strategic Health Services LLC, although financial terms were not disclosed. The current CEO is Fowad Choudhry. Palm Medical Centers specializes in providing comprehensive healthcare services tailored to senior patients in Florida and Texas.


The company’s core offerings include primary care, in-house specialist consultations, diagnostic services, case management, and clinical care. They also provide social services, transportation assistance, wellness centers, pharmacy services, telemedicine options, and caregiver support. These services are designed to address the unique healthcare needs of seniors, ensuring accessibility and convenience through minimal wait times, same-day appointments, and in-house lab capabilities. The company serves a diverse client base, currently supporting over 70,000 patients, with a reported satisfaction rate exceeding 98%.


Multiple locations throughout Central and South Florida cater specifically to the senior demographic in these regions. Palm Medical Centers generates revenue primarily through direct service transactions with patients, focusing on value-based care. The revenue structure encompasses payments for services rendered during primary care visits, specialist consultations, and various diagnostic procedures. Patients may utilize insurance coverage or private pay for these services, ensuring a straightforward transaction model.


The company emphasizes accessibility and quality by providing same-day appointments and a broad range of in-house services, which enhances patient engagement and retention. Palm Medical Centers plans to expand into new geographic regions, particularly targeting additional locations in Florida and possibly entering the Texas market by 2025. The company aims to leverage recent funding to support these initiatives, enhancing their service offerings and infrastructure. Upcoming new product launches include expanded telemedicine services, with a focus on improving accessibility for senior patients.


This strategic direction aligns with their commitment to meeting the evolving healthcare needs of their clientele.


Current Investors

MBF Healthcare Partners

Primary Industry

Healthcare

Sub Industries

Fitness & Wellness Facilities, Hospitals, Diagnostic, Medical & Imaging Laboratories, Clinics/Outpatient Services

Website

www.palmmedicalcenters.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Palm Medical Centers, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAmana Medical Center P.A.-
Add-onCompletedTexas Family Medicine, P.A.-
Add-onCompletedFort Worth Primary Care, Pllc-
Add-onCompletedValley Medical Center-
Add-onCompletedFamily Medicine Associates, PA-

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