News Summary
Millennium Physician Group, based in Fort Myers, has acquired IMA Medical Group from Orlando, expanding its reach in central Florida. This strategic move allows Millennium to enhance its healthcare services, particularly for senior care. IMA Medical Group has been serving over 22,000 members since 2010, and this acquisition aims to maintain the quality of care without disruptions. Leadership from both organizations expressed optimism about improving patient services through this partnership, solidifying Millennium’s commitment to value-based care.
Florida – Millennium Physician Group, a prominent healthcare provider based in Fort Myers, has officially acquired IMA Medical Group, which is headquartered in Orlando. The terms of the financial deal have not been disclosed. This strategic acquisition will allow Millennium to significantly expand its presence in central Florida, a region where the group previously did not operate any medical practices.
Millennium Physician Group boasts a workforce of approximately 900 healthcare providers across various states, including Florida, North Carolina, Georgia, and Texas. With the addition of IMA Medical Group, which employs 53 providers operating 17 clinics from Tampa to Orlando to Ocala, the alignment aims to enhance the delivery of healthcare services, particularly focusing on senior care.
IMA Medical Group has established itself as a specialist in senior care, serving over 22,000 members enrolled in Medicare Advantage plans since its founding in 2010. This acquisition not only brings more clinics under Millennium’s umbrella but also solidifies its commitment to value-based care, ensuring that patients receive high-quality services while fostering trusted relationships.
Millennium Physician Group began its operations in 2008 in Port Charlotte, Florida, and has grown to become one of the nation’s largest independent physician groups. The organization operates under the Mosaic Health platform, which aims to broaden access to comprehensive primary care services across the United States.
Following the acquisition, it has been confirmed that there are no imminent plans to rename IMA Medical Group’s practices or alter their current care model. This stability is intended to provide reassurance to patients and members of the community that their healthcare services will continue without disruption.
The CEOs of both organizations expressed optimism about the partnership. IMA Medical Group’s leadership anticipates leveraging the resources of a larger entity to enhance their foundation, while Millennium’s CEO emphasized the shared mission of both organizations to improve patient care.
Financial advisory services for the acquisition were provided by Guggenheim Securities LLC on behalf of IMA Medical Group. Legal representation for Millennium Physician Group was handled by Foley & Lardner LLP during the negotiations.
This acquisition represents a critical step for Millennium Physician Group in its objective to further its mission of providing high-quality care and expanding its reach in Florida. With the addition of IMA Medical Group, Millennium aims to build a robust network of healthcare providers dedicated to serving the needs of their patient populations more effectively.
Deeper Dive: News & Info About This Topic
- Business Observer: Millennium Physician Group Acquires IMA Medical Group
- Ledger-Enquirer: Article on Healthcare
- South Florida Hospital News: IMA Joins Millennium Physician Group
- PR Newswire: Leadership Transition at Millennium Physician Group
- South Florida Hospital News: Millennium Healthcare Expands
- Wikipedia: Health Care in the United States
Author: STAFF HERE ORLANDO WRITER
ORLANDO STAFF WRITER The ORLANDO STAFF WRITER represents the experienced team at HEREOrlando.com, your go-to source for actionable local news and information in Orlando, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Orlando International Fringe Theatre Festival, Megacon Orlando, and Central Florida Fair. Our coverage extends to key organizations like the Orlando Economic Partnership and Hispanic Chamber of Commerce Metro Orlando, plus leading businesses in leisure and hospitality that power the local economy such as Walt Disney World Resort, AdventHealth, and Universal Orlando. As part of the broader HERE network, including HEREJacksonville.com, HEREPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
