Medical Specialists of The Palm Beaches

What Medical Specialists of The Palm Beaches does

Medical Specialists of The Palm Beaches (MSPB) is a multi-specialty physician group practice headquartered in Loxahatchee, Florida, operating an integrated, value-based healthcare delivery system across Palm Beach and Broward counties. The company was founded circa 1994-1995 and operates 30+ office locations staffed by approximately 117 providers serving 70,000-100,000+ patients. Its clinical portfolio spans primary care, cardiology, interventional cardiology, gastroenterology, neurology, hematology/oncology, laboratory services, hospitalist coverage, comprehensive vein care, and a premium concierge medicine program (MSPB Concierge Health). Technology infrastructure is built on the Athena Health EHR and patient portal, GE Healthcare imaging equipment (including nuclear stress lab and Myospect camera) at the Wellington flagship, an onsite clinical laboratory with same-day turnaround, and a 10-chair infusion suite for chemotherapy and other infusion therapies.

MSPB generates revenue through fee-for-service medical visits across primary care and specialties, value-based care contracts that reward outcomes and cost management, and recurring concierge medicine memberships. Patients access care through physician referrals, direct scheduling, online booking via the Athena portal, hospital affiliations (HCA Florida JFK, Wellington Regional, Palms West, Bethesda Memorial, Good Samaritan), and community reputation. Payer mix spans Medicare, Medicare Advantage, Individual, and Commercial plans plus cash/debit/credit self-pay.

In December 2022, MSPB received a strategic investment from healthcare-focused private equity firm Ascend Partners alongside CareAbout Health, catalyzing an aggressive acquisition-based growth strategy. Through 2024, MSPB completed seven acquisitions including Cohen Medical Associates (expanded primary care network ~15%), Palm Beach Digestive Associates, Metzger Comprehensive Care, Colton and Kaminetsky, Tequesta Family Medical Center, Family Medical Center (Palm Beach Gardens), and Schlein & Shinder PLLC. Lafayette Square provided debt financing in March 2024 to support continued expansion. The October 2025 unveiling of a 24,000-square-foot flagship facility in Wellington (development begun in 2021) anchors the network's specialty and diagnostic capacity for up to 25,000 patients.

Name

Medical Specialists of The Palm Beaches

Legal name

Medical Specialists of the Palm Beaches, Inc.

Website

https://mspbhealth.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Medical Specialists of The Palm Beaches (MSPB) is a PE-backed multi-specialty physician group practice operating 30+ locations across Palm Beach and Broward counties, Florida, with ~117 providers delivering primary care, cardiology, gastroenterology, neurology, hematology/oncology, and concierge medicine to 70,000-100,000+ patients.

Ownership category

akta.pro rank

Product category

Multi-Specialty Physician Group Practice

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Primary Care Networks, Groups & MSOs (HLAFAGAE)

Keywords

• Multi-specialty medical practice
• Primary care services
• Cardiology specialty care
• Concierge medicine program
• Value-based healthcare delivery

Headquarters

HQ city

Loxahatchee

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Fee-for-Service Medical Visits: MSPB generates revenue through billable patient visits across primary care and specialty services including cardiology, interventional cardiology, gastroenterology, neurology, hematology/oncology, and concierge medicine. The group accepts Medicare, Medicare Advantage, Individual and Commercial insurance plans, and cash/debit/credit payments.
2. Value-Based Care Contracts: MSPB operates as a value-based integrated healthcare delivery system, suggesting participation in value-based care contracts that reward patient outcomes and cost management rather than pure volume of services.
3. Concierge Medicine Membership: MSPB offers a concierge healthcare program providing personalized, accessible care with extended visits, 24/7 physician access, comprehensive exams, and dedicated coordination of specialty and diagnostic needs. This model likely involves membership or retainer fees for enhanced access and services.
4. Debt Financing from Lafayette Square: Lafayette Square provided debt financing to MSPB to support its growth strategy, including expansion in primary care and specialty services in Palm Beach and Broward counties. The financing includes access to additional operational support for employee retention and operational risk management.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Medical Specialists of The Palm Beaches (MSPB) is a multi-specialty physician group practice that delivers integrated, value-based healthcare through approximately 117 providers across 30+ office locations in Palm Beach and Broward counties, Florida. The practice offers primary care alongside specialty services in cardiology, interventional cardiology, gastroenterology, neurology, hematology/oncology, concierge medicine, and supporting laboratory and hospitalist services for individual patients and their families.

Product overview

Medical Specialists of the Palm Beaches (MSPB) is a primary care-focused, multi-specialty physician group practice operating as a value-based integrated healthcare delivery system. MSPB provides comprehensive, high-quality care through approximately 117 providers across 30+ office locations in Palm Beach and Broward counties. The portfolio includes core primary care services supported by specialty practices in cardiology (including interventional cardiology), gastroenterology, neurology, and hematology/oncology, complemented by laboratory services, hospitalist coverage, and a premium MSPB Concierge Health program. The company has expanded through multiple acquisitions including Cohen Medical Associates, Palm Beach Digestive Associates, Family Medical Center, and others since partnering with Ascend Partners and CareAbout Health in late 2022.

Differentiator

Problem solved

Functional benefit

Brands

• MSPB Concierge Healthcare: Personalized concierge medicine program offering extended visits, 24/7 physician access, comprehensive exams, and dedicated coordination of specialty and diagnostic needs.

Products and services

• Primary Care
• Cardiology
• Interventional Cardiology
• Gastroenterology Gastroenterology services including colonoscopy screening, endoscopy, inflammatory bowel disease management, colon polyp management, and Barrett's esophagus evaluation for patients with digestive health needs.
• Neurology
• Hematology / Oncology Cancer treatment and blood disorder services including targeted therapy, immunotherapy, chemotherapy, and infusion therapy delivered at a 10-chair infusion suite at the Wellington facility.
• Laboratory Services
• MSPB Concierge Healthcare Premium personalized concierge medicine program offering extended visits, 24/7 physician access, comprehensive exams, personalized wellness plans, and dedicated coordination of specialty and diagnostic needs for patients seeking more individualized and accessible healthcare.
• Hospitalists Inpatient care services managing patients admitted to partner hospitals including HCA Florida JFK Hospital, Wellington Regional Medical Center, Palms West Hospital, Bethesda Memorial Hospital, Good Samaritan Medical Center, and Select Specialty Hospital.
• Comprehensive Vein Care Program Full range of diagnostic, treatment, and preventive services for all venous conditions including DVT intervention and venous insufficiency treatments, housed at the Wellington facility.

Quantifiable outcome

• Wellington facility capacity of 25,000 patients with 44 exam rooms and 10-chair infusion suite
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• HCA Florida JFK HospitalcoreStrategic or Co-development Partner · 21 October 2025MSPB has a significant partnership with HCA Florida JFK Hospital where multiple MSPB providers serve in leadership roles. Dr. Teresita Casanova serves as Stroke Medical Director and serves on the Medical Executive Committee. Several MSPB cardiologists serve on hospital committees and the group trains cardiology fellows through the HCA Florida JFK Medical Center residency program.
• Athena HealthcoreTechnology or IntegrationMSPB uses Athena Health's patient portal platform, enabling patients to schedule appointments, send direct messages to providers, view medical records, and pay bills online. The Athena patient portal (accessible at 11933.portal.athenahealth.com) is a core component of MSPB's patient experience and practice management infrastructure.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• CareAbout Health: CareAbout Health is a PE-backed healthcare platform that co-invested in MSPB and operates a similar multi-specialty group practice consolidation model in South Florida, making it both a financial partner and direct peer pursuing the same regional strategy.
• ChenMed: ChenMed is a PE-backed primary care group practice focused on value-based care for seniors, operating a similar multi-specialty model with heavy Medicare Advantage exposure across multiple states including Florida.
• Iora Health (One Medical): Iora Health (now part of One Medical/Amazon) is a primary care-focused group practice with value-based care contracts and concierge capabilities, offering a comparable technology-enabled, membership-based care model to MSPB.
• Privia Health: Privia Health is a national physician group practice platform that organizes multi-specialty groups into value-based care arrangements, with similar operating model and strategic positioning to MSPB.
• VillageMD: VillageMD is a PE-backed primary care platform with value-based care contracts and multi-specialty capabilities, operating across multiple states and pursuing a similar consolidation strategy to MSPB.

Broad incumbents

• Baptist Health South Florida: Baptist Health is a large, well-established non-profit health system in South Florida with extensive primary care and specialty physician networks, offering overlapping services to MSPB across the same geography.
• Cleveland Clinic Florida: Cleveland Clinic Florida operates a major hospital and physician network in South Florida with comprehensive specialty services, competing with MSPB for specialty referrals and physician talent in the region.
• HCA Florida Healthcare: HCA Florida Healthcare operates numerous hospitals and affiliated physician practices across Florida, including HCA Florida JFK Hospital where MSPB providers hold privileges. It represents both a partner and a competitor for specialty care delivery.
• Memorial Healthcare System: Memorial Healthcare System is a large South Florida health system with extensive primary care and specialty physician networks that directly competes with MSPB for patients and physicians in the same geography.

Regional players

• Conviva Care Solutions: Conviva Care Solutions is a value-based primary care group focused on seniors in Florida and Texas (acquired by Humana), operating a comparable senior-focused multi-specialty model with strong Medicare Advantage orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/mspbhealth
• LinkedInlinkedin.com/company/medical-specialists-of-the-palm-beaches-inc.
• Instagraminstagram.com/mspbhealth
• Xx.com/mspbhealth

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medical Specialists of The Palm Beaches