doctor extending handshakeIn an M&A deal that combined social impact investing, the heavily regulated healthcare industry, and the goal of expanding the reach of primary care physicians in underserved communities, Campolo, Middleton & McCormick represented the owners of an eight-office family medical practice in the sale of its wholly owned management company to Bridges Fund Management. Bridges U.S. Sustainable Growth Fund is the New York-based fund of a London headquartered private equity firm focused on social impact investing. The deal closed in July 2018.

Medwood Services provides administrative and management support services to New York Family Practice Physicians, which has locations in Brooklyn and Queens, and will continue to do so following the July close. The practice, headed by Dr. Glenn Muraca and Dr. Giovanni Marciano, plans to expand significantly throughout the New York metropolitan area and surrounding counties, helping to fill a gap in the healthcare system for primary care physicians who are able to efficiently and effectively manage the entire spectrum of healthcare-related services that families need, particularly in communities facing a shortage of primary care providers.

“Working with Christine [Malafi] and her team gave us total peace of mind. The entire process was well organized, and we were able to focus on our patients without being distracted by all the moving parts of the deal,” said Dr. Muraca. CMM’s Vincent Costa and Kyle Broderick assisted Malafi on the transaction. Learn more about our M&A and Healthcare practices.

Protegrity Advisors acted as the exclusive M&A advisor for Medwood Services and Drs. Maricano and Muraca.