Varsity Healthcare Partners Acquires Surgical Affiliates Management Group (SAMGI) from Summit Partners

Ascend Capital Partners Acquires Majority Stake in Seoul Medical Group (SMG)

October 25, 2023

Healthcare Services

Ascend Capital Partners, a healthcare-focused private equity partnership, has acquired a majority stake in Seoul Medical Group (SMG), a physician-run Independent Physician Association and owner of the MSO Advanced Medical Management. Ascend will provide capital and operational support to expand AMM's technology, data analytics and capabilities to improve care coordination and expand access for SMG's predominantly Korean-American patient network across multiple U.S. states.

Ascend-Sponsored Merger: Seoul Medical Group (SMG) and Korean American Medical Group (KAMG)

March 26, 2025

Healthcare Services

Seoul Medical Group (SMG) and Korean American Medical Group (KAMG) have merged to form a leading national independent physician association sponsored by healthcare-focused private equity firm Ascend Capital Partners. The combined network serves nearly 100,000 patients and more than 5,000 physicians across multiple U.S. states; Ascend will provide capital to invest in infrastructure, technology and operations. Financial terms were not disclosed.

Health Velocity Capital Makes Minority Investment in Compass Surgical Partners

March 21, 2022

Healthcare Services

Health Velocity Capital has made a minority growth investment in Compass Surgical Partners, a U.S.-based developer and manager of ambulatory surgery centers (ASCs). The financing will support Compass’s expansion into new markets and investments in data & analytics, physician practice support services, value-based care initiatives and other capabilities to scale outpatient orthopaedic and spine services.

Sentinel Capital Partners Acquires SSJA Bariatric Management, LLC

August 27, 2019

Healthcare Services

Sentinel Capital Partners has acquired SSJA Bariatric Management, LLC, the leading provider of administrative support services to bariatric surgery offices operating as the New York Bariatric Group. Sentinel will partner with founder Dr. Shawn Garber to expand SSJA geographically and extend its service offerings across additional markets.

TPG Growth Invests in Compass Surgical Partners

January 23, 2024

Healthcare Services

TPG Growth has made a strategic growth equity investment in Compass Surgical Partners, participating alongside existing investor Health Velocity Capital. The capital will be used to accelerate Compass's expansion of ambulatory surgery center (ASC) joint ventures with health systems and physician groups across the U.S.; terms were not disclosed.

Duly Health and Care and Surgery Partners Take Minority Stake in Valley Ambulatory Surgery Center

October 28, 2025

Healthcare Services

Duly Health and Care, through DuPage Medical Group, has acquired a minority ownership interest in Valley Ambulatory Surgery Center (Valley ASC) in St. Charles, Illinois, in partnership with Surgery Partners. The transaction expands Duly's outpatient surgery footprint across the Chicagoland area and strengthens access to multispecialty ambulatory surgical services.