Medical Economics October 4, 2023
Seoul Medical Group offers primary care and specialty care in seven states.
Private equity firm Ascend Capital Partners has acquired a majority stake in a leading physician-run independent physician associations operating in seven states.
The firm has joined with Seoul Medical Group (SMG), with almost 400 primary care physicians and 4,400 specialists serving more than 70,000 patients in California, Georgia, Hawaii, New Jersey, New York, Virginia and Washington. The companies announced the transaction this month.
SMG is the largest Korean-American-focused IPA, serving adult and senior patients. Internal medicine physician Min Young Cha, MD, started SMG and remains its president and chief executive officer. He is a health lecturer in Los Angeles and is a commentator about healthy living in the...
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