Hygea Holdings Corp. (“Hygea”) of Doral recently inked an agreement to obtain funding for acquiring medical group practices along with independent provider networks, securing $140 million total and obtaining its first purchase in late February.
“Hygea’s new facility provided us with resources to realize significant growth already in 2016,” Hygea CEO and President Manuel Iglesias said. “Hygea intends to continue to grow through acquisitions, which will keep the company in the vanguard of primary care delivery.”
South Florida provider network MedPlan was first to come under Hygea’s umbrella with funds obtained from the transaction. Its parent company, Gemini Health Care, will also join the team, doubling Hygea’s office numbers and adding 35,000 managed-care members to its roster.
Serving Miami-Dade, Broward, Palm Beach, Orange, Seminole, and Hillsborough counties in Florida along with the greater Atlanta metropolitan area, Hygea is positioned to become one of the Southeastern U.S.’s largest individual primary care providers, Iglesias said.
“Part of our mission is to offer a whole spectrum of insurance services, and this acquisition allows us to contract with multiple insurance companies, instead of being captive to one, so we can best serve our members,” he added.
Services are provided to members and patients covered under commercial policies, Medicaid, Medicare, ACA, discount medical plans or self-pay. Going the extra mile, Hygea also provides transport and extended office hours when needed.
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