Rancho Family Medical Group

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Rancho Family Medical Group - overview

Established

1942

Location

-, CA, US

Primary Industry

Healthcare

About

Rancho Family Medical Group is a healthcare provider specializing in comprehensive primary care services for patients of all ages, with a strong focus on senior care and personalized medical attention. Rancho Family Medical Group offers primary care services through its twelve clinics located in South Riverside County, US. Founded in 1942 by Kirill Sakovich, the company has maintained a consistent focus on providing quality healthcare without any noted pivots in business strategy or changes in operations. The company was established to cater to the healthcare needs of diverse patient demographics, ensuring tailored services for individuals, especially seniors.


The current CEO is Josh Snow. In December 2020, LightBay Capital invested in Rancho Family Medical Group, although financial terms were not disclosed. Rancho Family Medical Group specializes in providing comprehensive primary care services tailored to patients of all ages, with a notable emphasis on senior care. The organization operates twelve clinics across South Riverside County, offering a range of medical services including primary care, pediatrics, urgent care, and wellness resources.


Their approach focuses on personalized and compassionate healthcare, ensuring that patients can connect with various providers within their network easily. This interconnectedness facilitates access to healthcare services that address specific needs, such as chronic condition management for seniors and routine health check-ups for families. The company aims to serve a diverse client base, including individuals enrolled in Medicare, families seeking primary healthcare solutions, and those requiring urgent medical attention, all while maintaining a commitment to enhancing patient experiences through convenient scheduling options. Rancho Family Medical Group generates revenue primarily through patient services, which include in-person consultations, urgent care visits, and specialty services.


The transaction structure is largely direct-to-consumer, where patients schedule appointments either online or via phone, with flexibility to choose specific providers or locations based on their preferences. Revenue is derived from fee-for-service models, where patients are billed for services rendered, as well as potential reimbursements from insurance providers for covered services. The financial model is structured to accommodate a high turnover of appointments, especially catering to a significant volume of patients within the Medicare demographic, thereby enhancing overall revenue generation. The organization's commitment to quality care has resulted in a strong reputation, evidenced by numerous positive reviews, which further supports its business model and financial sustainability.


Rancho Family Medical Group plans to utilize the recent investment from LightBay Capital to support its growth initiatives. The company is focused on expanding its services and potentially launching new healthcare programs designed to address evolving patient needs. While specific details regarding new products or geographic expansion were not disclosed, the firm is likely to explore opportunities to reach new markets as it continues to enhance its service offerings and patient access.


Current Investors

LightBay Capital

Primary Industry

Healthcare

Sub Industries

Clinics/Outpatient Services, Home Healthcare, Nursing Homes & Assisted Living

Website

www.ranchofamilymed.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Rancho Family Medical Group - 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)
GrowthCompletedRancho Family Medical Group-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.