Pine Tree Equity has acquired InHealth MD Alliance and Medical Home Alliance (together “InHealth”). This acquisition marks Pine Tree Equity’s 2nd investment in the physician services industry. Pine Tree Equity has partnered in this transaction with the founders of InHealth, Dr. Nelson Pichardo and Mrs. Patricia Pichardo.
InHealth is a provider of primary care physician services primarily to Medicare eligible patients in Central Florida. The company operates 13 medical centers located throughout Central Florida. InHealth was founded in 2011 and is headquartered south of Orlando in Davenport, FL (www.inhealthmd.com).
According to a report by healthcare advisory and consulting firm Marwood Advisory Group (www.marwoodgroup.com), the number of Medicare Advantage eligible patients will continue to increase by 6% to 8% per year over the next 10 years as baby boomers age into Medicare. According to Pine Tree, nearly 10% of the US Medicare population resides in Florida.
Pine Tree Equity invests in companies that have revenues of $10 million to $50 million and EBITDAs of $2 million to $7 million. Sectors of interest include business, consumer and financial services; consumer products; franchisors and franchisees; and niche manufacturing. Miami-based Pine Tree is investing out of its third fund. The buy of InHealth is the firm’s 31st investment since its founding in 2007 (www.pinetreeequity.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 2-1-16
