HealthCare Partners Medical Group of Torrance, Calif., plans to acquire Physician Associates of the Greater San Gabriel Valley for an undisclosed amount.
Physicians Associates, based in Pasadena, Calif., is the largest physician group in the San Gabriel Valley, with 325 primary-care physicians and 130,000 members in Southern California.
HealthCare Partners also operates medical groups in Florida, Nevada and Utah and owns the healthcare consulting firm the Camden Group. HealthCare Partners medical groups and affiliated physicians treat more than 742,000 patients, including more than 141,000 Medicare Advantage members.
Joining with Physician Associates expands our geographic service coverage area and strengthens an infrastructure of systems necessary to provide quality, coordinated and cost-effective healthcare for a growing number of Californians, Robert Margolis, chief executive officer of HealthCare Partners Medical Group, said in a written statement. -- by Rebecca Vesely