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Press Releases


September 10, 2012

HealthCare Partners and ABQ Health Partners join Forces

TORRANCE, CA., September 10, 2012 - Robert J. Margolis, MD, Chairman and CEO of HealthCare Partners,LLC, the country's largest operator of medical groups and physician networks with a reputation for clinical excellence and patient satisfaction, today announced the acquisition of ABQ Health Partners, New Mexico's largest independent multispecialty medical group. 

The merger represents HealthCare Partners’ entry into New Mexico and makes available to ABQ Health Partners broad expertise in patient-centered, coordinated care systems. “ABQ Health Partners is exactly the type of partner we value. They have a proud history of innovation, strong talent, and a commitment to patient-centered care. And they focus on supporting physicians to provide outstanding care in the same way we do,” said Dr. Margolis. “We have been in active exploration with ABQ Health Partners for over a year and are excited to partner with them in New Mexico, a state with unique healthcare challenges and opportunities.”

HealthCare Partners has successfully applied best practices in patient care in each of the markets it serves and has continued to improve clinical quality metrics for patients seen by its employed physicians and independently affiliated physicians while lowering cost trends.  “Like HealthCare Partners, our core values have always centered on putting patients first and keeping people healthy,” said ABQ Health Partners President and CEO Harry Magnes, MD. “HealthCare Partners is a unique organization. Their leaders recognize that the doctor-patient relationship should be at the center of healthcare and healthcare reform. Our patients will now have access to world-class patient care resources and systems, and our providers will have the backing of a national doctor-led organization. This is a strong strategic partnership that will benefit everyone involved.”

ABQ Health Partners will operate as a subsidiary of HealthCare Partners, LLC, and the ABQ executive management team has committed to stay and manage the New Mexico operations.

This past May, HealthCare Partners announced a merger with publicly held DaVita, Inc., a leading provider of kidney care services for those diagnosed with chronic kidney disease (CKD). The parties continue to believe that the merger will be completed in the fourth quarter of this year.
 
About HealthCare Partners
HealthCare Partners, LLC, with operations in California, Nevada, and Florida, manages and operates medical groups and affiliated physician networks nationally in its pursuit of excellent quality healthcare delivered in a dignified and compassionate manner. HealthCare Partners, LLC operates HealthCare Partners Affiliates Medical Group (California), HealthCare Partners of Nevada, JSA Healthcare Corporation (Florida), The Camden Group (a national consulting firm), and the HealthCare Partners Institute for Applied Research and Education. HealthCare Partners cares for nearly 670,000 managed care patients including more than 190,000 Medicare Advantage members through a network of approximately 8,300 physicians. For more information, please visit www.healthcarepartners.com.
 
About ABQ Health Partners
ABQ Health Partners is the largest physician-owned medical group in the Southwest. ABQ Health Partners cares for 180,000 patients including 26,000 Medicare managed care-based patients through a network of approximately 184 physicians. For more information please visit www.abqhp.com.