Senior Medical Associates, LLC
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Senior Medical Associates, LLC - overview
Established
2012
Location
-, FL, US
Primary Industry
Healthcare
About
Senior Medical Associates, LLC, based in the US, provides tailored healthcare solutions aimed at improving the quality of life for senior citizens through comprehensive medical services and advanced telehealth options. Founded in 2012 and headquartered in Weston, US, Senior Medical Associates, LLC specializes in healthcare services for seniors. The company was acquired in June 2021 by CareMax, Inc. , expanding its footprint in Broward County.
The CEO is Mohsin Jaffer, and the founder is Aboo Nasar. The firm has completed one deal to date. Senior Medical Associates specializes in providing comprehensive healthcare solutions tailored to the needs of senior citizens. Their core offerings include a range of medical services designed to address the unique health challenges faced by the elderly population.
These services encompass preventive care, chronic disease management, and wellness programs, all aimed at improving the quality of life for seniors. By integrating technology into their service delivery, the company facilitates remote monitoring and telehealth options, thereby enhancing accessibility for elderly patients. Senior Medical Associates serves a diverse client base across various geographical markets in the United States, focusing particularly on urban and suburban areas where the demand for senior-centric healthcare solutions is high. The revenue model for Senior Medical Associates is structured around direct-to-consumer services, supplemented by partnerships with healthcare organizations and insurance providers.
Transactions typically involve patients or family members subscribing to their healthcare services, which may include a combination of routine check-ups, specialized consultations, and wellness programs. Standard pricing plans are designed to accommodate different service levels, ensuring that a wide range of clients can access essential health services. For instance, flagship offerings may include a subscription model for ongoing healthcare support, enabling seniors to receive continuous medical attention. Additionally, partnerships with insurance providers facilitate billing and reimbursement processes, creating a seamless transaction experience for clients while ensuring the sustainability of the company's revenue streams.
In June 2021, Senior Medical Associates, LLC was acquired by CareMax, Inc. This strategic move will allow CareMax to extend its footprint in Broward County. Future growth plans include the introduction of new products and services tailored for the senior demographic, although specific launch dates have yet to be announced. The acquisition is expected to support these initiatives by providing additional resources for market expansion.
Current Investors
CareMax, Inc.
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living, Clinics/Outpatient Services
Website
www.seniormedicalassociates.net
Verticals
HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Senior Medical Associates, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Senior Medical Associates, LLC | - |
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