Vytalize Health Acquires Independent Physician Association of New York
Vytalize Health, a value-based care platform company, has acquired a majority interest in physician-lead Independent Physician Association of New York (IPA NY), through an investment in Practice Management of America (PMA).
Headquartered in Suffolk County, IPA NY is one of the largest multi-specialty IPAs in the country with more than 3,000 providers. PMA provides clinical care management, care coordination, and administrative services across more than 1,000 locations.
The deal builds on an existing partnership between the organizations dating back to 2020 and accelerates Hoboken, N.J.-based Vytalize’s expansion into Medicare Advantage, commercial plans, and Medicaid, as well as multi-specialty care.
“IPA NY is a longtime partner that shares our commitment to supporting independent physicians and helping them succeed in delivering high-quality, value-based care. This acquisition is a natural extension of our alliance and will further improve access to care that's personalized, evidence-based, and kind in the New York region and across the U.S.,” said Faris Ghawi, Vytalize Health co-founder and CEO, in a statement.
“The vision for PMA was always to find the right strategic partner to help accelerate the full potential of value-based care for our robust network of primary and specialty care providers. Vytalize is an emerging market leader and together, we can bring superior data and technology to engage and strengthen independent providers. This ensures their patients come first and they receive the ‘right care at the right place at the right time’ and receive comprehensive care that improves their outcomes while also reducing healthcare costs overall,” said Michael Guarino, founder, and CEO at IPA NY and PMA, in a statement.
Vytalize Health provides an all-in-one solution, including value-based incentives, technology, and a virtual and in-home clinic that it says enables independent practices to succeed in value-based care arrangements.
Earlier this year, Vytalize Health announced a $100 million funding round to accelerate its goal to advance value-based care for seniors by strengthening primary care practices. The funding partners include Enhanced Healthcare Partners, Monroe Capital and North Coast Ventures.
