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Health care industry

FPA Medical Management Acquires Gonzaba Medical Group

Strategic Insights

— 1 min read

FPA Medical Management, Inc., a national healthcare management service organization, has announced its acquisition of Gonzaba Medical Group and its affiliated entities. This strategic move will bring together two healthcare providers with a shared vision of quality and growth. Dr. William Gonzaba, the founder of Gonzaba Medical Group, will lead FPA's expansion into the Texas market, utilizing the company's established base and relationships for continued growth.

Key Takeaways:

  • FPA Medical Management, Inc. has acquired Gonzaba Medical Group and its affiliated entities, expanding its presence in the Texas market.
  • Gonzaba Medical Group services over 30,000 fully delegated HMO members from four payors, with a network of approximately 24 primary care physicians, 3 specialists, and over 200 contracted specialists.
  • The acquisition will bring together two healthcare providers with a shared vision of quality and growth, with Dr. William Gonzaba set to lead FPA's Texas operations.
  • The transaction is scheduled to close in the third quarter of 1995, with Gonzaba Medical Group's CEO, Dr. Gonzaba, remaining in his position and overseeing FPA's Texas operations.
  • The acquisition marks a significant expansion for FPA Medical Management, marking its entrance into the Texas market.
  • FPA Medical Management has a track record of organizing and managing primary care physician networks to contract with HMOs and other prepaid health insurance plans.
  • Dr. Sol Lizerbram, Chairman of FPA Medical Management, and Steven M. Lash, Executive Vice President/CFO, have expressed enthusiasm about the acquisition, highlighting the company's commitment to quality and growth.

Statistics:

  • Gonzaba Medical Group services over 30,000 fully delegated HMO members from four payors.
  • The organization consists of approximately 24 primary care physicians, 3 specialists, and over 200 contracted specialists.
  • FPA Medical Management plans to utilize Gonzaba Medical Group's established relationships and base for continued growth.
  • The acquisition is scheduled to close in the third quarter of 1995.
  • Gonzaba Medical Group provides care in four medical facilities, with a fifth to be opened in October 1995.

Sources:

  • FPA Medical Management, Inc., press release, July 5, 1995
  • FPA Medical Management, Inc., company information and history

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