Prospect Medical Group To Acquire Three Independent Physician Associations

Prospect Medical Group (Prospect), a Southern California-based independent physician association (IPA), will acquire certain assets of CalCare IPA and Los Angeles Medical Center IPA, both of which serve Los Angeles County, and Vantage Medical Group in Riverside, San Bernardino, and San Diego. The transaction, which was entered into on April 22, 2020, is expected to close this summer subject to approvals from contracted health plans and other customary closing conditions.

Following the closing of the transaction, the three additional IPAs, representing more than 10,000 health care professionals, will join Prospect’s existing networks, becoming one of the largest . . .