ORLANDO, Fla.–(BUSINESS WIRE)–Officials with InnovaCare Health, a national leader in integrated and value-based healthcare services, announced today the company has completed an acquisition of Pak Medical Group, a physician-led medical group based in New Braunfels, Texas. As part of the InnovaCare family, Pak Medical Group will be supported by the organization’s MSO network, InnovaCare Partners.
Since 2018, Pak Medical Group has served patients with high-quality, compassionate healthcare across Central and South Texas and the Texas Hill Country. With 29 clinicians across seven locations, the group treats roughly 16,000 patients annually and employs more than 120 team members. All the group’s clinicians will continue to serve current patients as well as new ones, and leadership will remain in their present roles overseeing day-to-day operations.
By joining the InnovaCare network, Pak Medical Group clinicians and team members now have greater access to enhanced clinical tools, management expertise and other resources to ensure patients always receive the highest quality and most personalized care, from the same clinicians they know and trust.
“We are excited to join the other high-quality clinicians of the InnovaCare family, and to gain the ability to do even more for the patients we serve,” said David Pak, D.O., president and chief executive officer of Pak Medical Group. “This partnership will allow us to continue meeting our patients’ needs with the highest quality of care. This announcement reflects our goal of building an even stronger future for Pak Medical Group and all those who depend on us.”
The partnership expands InnovaCare’s fast-growing footprint into Texas for the first time. The organization now empowers more than 150 providers and their practices in Florida and Texas with clinical, administrative, and operational resources needed to thrive in today’s complex healthcare environment.
“We are thrilled to join forces with another exceptional clinician group who aligns with our values and believes in delivering excellent, value-based care,” said CEO and President of InnovaCare Health Richard Shinto, M.D. “Quality patient care is at the heart of every decision we make at InnovaCare, and that’s really what made Pak Medical Group such a natural fit for our growing family. As we begin expanding our strong MSO network into Texas, Pak Medical Group will play a central role in achieving our company’s bright future.”
About InnovaCare Health
Headquartered in Orlando, Fla., InnovaCare Health improves the lives of patients and physicians through innovative solutions for value-based healthcare. Throughout its more than 20-year history, InnovaCare Health has owned, operated and managed an integrated portfolio of leading medical groups, health plans, medical service organizations, clinical networks and more. For more information, please visit innovacarehealth.com or follow us on Facebook or LinkedIn.