Summit Partners to Acquire MDVIP — ‘MDVIP will continue to be run as a stand-alone company …’
National Leader in Personalized Preventive Healthcare Continues Rapid Growth
May 2, 2014 – Growth equity investor Summit Partners today announced that it has entered into an agreement to acquire MDVIP from The Procter & Gamble Company (NYSE:PG). The agreement is expected to close shortly subject to standard regulatory approvals. Additional terms of the investment are not being disclosed.
Founded in 2000, MDVIP is the nation’s largest national network of physicians and patients in personalized preventive healthcare. The company serves more than 700 MDVIP-affiliated primary care physicians with more than 200,000 patients nationally. MDVIP offers physicians and members an alternative to the traditional primary healthcare deliver model by enabling members to have an enhanced relationship with their primary care physician. MDVIP’s approach…
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