Medical Group Founder James Liang Leads Doctor-Led Consortium in Acquisition Deal
James Liang, the founder of Myhealth Medical Group, is making headlines once again as he leads a doctor-led consortium in an acquisition deal. In an unexpected move, Liang and Dr. Jonathan Brown have emerged as the preferred bidders for 24-7 Healthcare, previously known as NationalHomeDoctor, a company that was put up for sale by Crescent Capital Partners earlier this year. The deal is expected to be finalized by November 1.
Liang’s involvement in this acquisition is particularly interesting as he is also working with MA Moelis on his bid for 24-7 Healthcare. Reports suggest that MA Growth Ventures is leading a lender syndicate to provide senior debt and mezzanine financing for the acquisition. The collaboration between Liang, Brown, and MA Moelis highlights the significance of this deal in the healthcare industry.
If the deal goes through as anticipated, Liang will take ownership of a mobile primary care platform that boasts a team of 300 doctors and 110 nurses. This platform, which includes 13SICK, a medical deputising service, 24-7 MedCare, a privately funded telehealth consultation provider, and National Home Nurse, an in-home drug delivery service, is projected to generate $50 million in revenue and $5 million in EBITDA this year.
For Liang, a doctor with an increasingly impressive portfolio of live deals, this acquisition presents an exciting opportunity to expand his influence in the healthcare sector. His ability to navigate complex negotiations and assemble a doctor-led consortium showcases his entrepreneurial skills and deep understanding of the industry.
The acquisition of 24-7 Healthcare brings together a diverse range of healthcare services under one roof, providing patients with convenient access to primary care, telehealth consultations, and in-home services. This integrated approach aligns with the growing trend towards personalized and accessible healthcare solutions.
As the healthcare landscape continues to evolve, the involvement of doctors like Liang in entrepreneurial endeavors is a testament to their desire to shape the industry and improve patient outcomes. The acquisition of 24-7 Healthcare not only expands Liang’s business ventures but also underscores the importance of collaboration between medical professionals and private equity investors in driving innovation in healthcare.
In conclusion, James Liang’s leadership in the doctor-led consortium acquiring 24-7 Healthcare demonstrates his dynamic role as a founder and entrepreneur in the medical field. This acquisition has the potential to reshape the way primary care is delivered and highlights the value of integrating diverse healthcare services. As Liang continues to spearhead transformative initiatives, he solidifies his position as a key player in the ever-evolving healthcare industry.
