MedPartners, a fast-growing physician group practice management firm, expects to become a publicly traded company later this year to raise capital for future acquisitions, said Larry House, its president and chief executive officer.
Formed in early 1993, Birmingham, Ala.-based MedPartners now owns six practices and provides managed support services to 12 others in four Southeastern states. Mr. House said he expects MedPartners to generate revenues in excess of $150 million this year.
MedPartners last week announced the acquisition of four physician practices in southern Florida. The company said it intends to consolidate the physician practices into the new MedPartners Primary Care Center in the Miami area. The acquisition prices were not disclosed.