Ascend Capital Acquires Majority Interest in Seoul Medical to Enhance Healthcare Offerings.
MANews-(C)2009-2023
US-based healthcare focussed private equity partnership Ascend Capital Partners has acquired a majority share in Korean-American physician association Seoul Medical Group (SMG), providing clinical and non-clinical healthcare services to patients, the company said.
Terms of the transaction were not disclosed.
SMG is a Korean-American-focussed IPA serving over 70,000 patients and 4,800 providers, including nearly 400 primary care physicians and more than 4,400 specialists in seven markets across the United States: California, Georgia, Hawaii, New Jersey, New York, Virginia and Washington.
Through its investment, Ascend will partner with SMG to provide capital, infrastructure and support to further...
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