Ascend Capital Partners has announced it has completed equity investments in Allied Physicians Group and Adjuvant.Health.
Allied Physicians Group, based in Melville, N.Y., is an independent provider of pediatric care in New York. Founded in 2006, the organization states it has more than 35 primary care offices across the New York market.
Adjuvant.Health, which was formed by the partner physicians and executive team of Allied Physicians Group in 2018, provides a range of consulting services in areas including accounting, financials, analytical and quality reporting, malpractice management, compliance, technology and human resources.
Ascend Partners, founded in 2019 and based in New York, is a growth-oriented, healthcare-focused private equity firm.
Terms of the investments were not disclosed.
As part of the investment, CareAbout, a New York-based management services organization affiliated with Ascend, is partnering with Adjuvant.Health.