spot_img
Sunday, July 14, 2024

Alo buys Davidson physician group

Alo, a Durham-based healthcare company supporting independent physician groups, agreed to buy Davidson Family Medicine in Davidson, expanding Alo’s network of Charlotte-area practices affiliated with the Avance Care brand.

Terms were not disclosed.

Davidson Family Medicine, which formed in 2001, has 11 clinicians, including physicians, physician assistants and family nurse practitioners. The lead physician is Dr. Craig White.

It will operate under its current name as a wholly owned subsidiary of Alo Medical Group, and join the Alo Clinically Integrated Network.

Alo provides back-office services to help independent-owned physician groups compete against larger networks owned by hospital systems and national healthcare companies. It works with more than 30 provider groups that offer care to more than 100,000 people.

“Avance Care and Alo have a shared mission to enable independent physicians to operate financially strong practices that deliver the best possible care,” says Alo CEO Matt Eirich.

Paul Hain, Alo’s chief clinical officer, noted that its strategy is to help independent doctors stay independent.

“We want to show that physicians can be your own boss, be financially stable and do what is best versus having the health system telling you how what to do,” says Hain.

Alo launched the integrated network this summer to enable independent physician practices to share data and access to analytics.

It is promoting expanded use of “value-based care,” versus the traditional “fee-for-service” approach that has dominated health care spending. Under a value-based care model, a physician might agree to a pre-determined valuation to care for a patient over time, rather than charging for each visit or procedure.

Alo was formed in 2021 and has financial backing from Durham-based Blue Cross Blue Shield of North Carolina and the New York-based Deerfield Capital private-equity group.

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.

Related Articles

TRENDING NOW

Newsletters