Hyde Park Capital Announces Acquisition Of Jay Care Medical Center By Strategic Health Services

Hyde Park Capital Announces Acquisition Of Jay Care Medical Center By Strategic Health Services

Tampa, Florida - June 7, 2018 - Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recent acquisition of Jay Care Medical Center, Inc., a primary care physician medical practice located in Central and West Florida, along with Parkview Medical Group, LLC, an affiliated hospitalist group (collectively “Jay Care”), by Strategic Health Services LLC d/b/a Palm Medical Centers (“PMC”), an MBF Healthcare Partners II, L.P. portfolio company (“MBF Healthcare”). Hyde Park Capital served as the exclusive investment banker to Jay Care for this transaction.

Dr. Singh, founder and CEO of Jay Care, said, “We are pleased to be joining Palm Medical Centers and we believe that our mutual focus on patient engagement and healthy outcomes will continue to drive our success moving forward.”

“Jay Care will serve as the foundation for our growth strategy in Central Florida as we continue to partner with other providers and leverage our experience in the managed care space. The combination of Jay Care and Palm Medical Centers will include 14 medical centers that serve more than 28,000 Medicare and Medicaid patients across Florida,” said Juan M. Ortiz, CEO of PMC.

“We are pleased to have represented Jay Care Medical Center and to have worked with Dr. Singh on this very important transaction,” said Keith Hodgdon, Managing Director with Hyde Park Capital.  “The team of professionals at MBF Healthcare and Palm Medical Centers represent an excellent fit with Jay Care’s culture and Dr. Singh’s vision in building a leading primary care practice throughout Central and West Florida.”

About Jay Care Medical Center

Jay Care Medical Center is a primary care physician practice providing internal medicine, family medicine, and hospitalist services at seven clinics throughout Florida’s Polk and Hillsborough counties.  More information about Jay Care Medical Center is available at www.jaycaremedical.com.

About Strategic Health Services

Strategic Health Services, LLC d/b/a Palm Medical Centers is a provider of primary care services to more than 43,000 Medicare, Medicaid and commercially insured patients across Florida. Partnering with numerous managed care organizations, Palm Medical Centers offers convenient and coordinated medical care with a focus on quality. In addition to primary care services, the company coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry and other specialist services. For more information, please visit www.palmmedicalcenters.com.

About MBF Healthcare Partners II, L.P.

MBF Healthcare Partners II, L.P. is an industry-focused private equity firm dedicated to the healthcare sector that invests in leveraged buyouts, growth capital investments and recapitalizations. The Principals of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly-traded healthcare companies. MBF principals have managed and helped build some of the nation’s most innovative and successful healthcare companies. The firm is headquartered in Coral Gables, Florida. For more information, please visit www.mbfhp.com.

About Hyde Park Capital

Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and serving the corporate finance needs of middle market public and private companies. Our principals have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt. Hyde Park Capital is headquartered in Tampa, Florida and is a member of FINRA and SIPC. For additional information on Hyde Park Capital, visit www.hydeparkcapital.com.

Client Testimonials

"Hyde Park’s team guided us through the process, providing us with a number of high quality counter-parties, and supported us through the transaction structuring, negotiation and due diligence. We are very pleased with the outcome and excited for the future of DTS.”
Allen Ibaugh, Co-Founder and CEO of Data Transfer Solutions
“We enjoyed working with Hyde Park Capital and appreciated their M&A expertise in the technology services sector and their help on this important transaction.”
Chris Toepke, CEO of Trifecta
“We very much appreciated the assistance of Hyde Park Capital on this strategic acquisition for ITE. Their M&A experience was quite helpful to our team and the overall process and assured the deal was well executed and we got it closed on schedule.”
Scott Dols, CEO of Industrial Truck & Equipment, LLC
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