Aledade Grows Michigan Footprint With Acquisition

Medical licensing company Aledade acquired Michigan-based Medical Advantage, which since 2014 has operated as a wholly owned subsidiary of The Doctors Company, the nation’s largest physician-owned medical malpractice insurer.

The acquisition, for an undisclosed sum, expands Aledade’s medical partnership presence in Michigan from 35 to approximately 700. Aledade said it would also maintain Medical Advantage’s status as a medical organization capable of engaging in care arrangements based on the value with both public and private payers. including Blue Cross Blue Shield of Michigan.

Headquartered in Bethesda, Maryland, Aledade has grown to serve 1,900 practices, federally qualified health centers and community health centers in 45 states and the District of Columbia. Share risk and reward through more than 200 value-based contracts representing more than 2.5 million patient lives.

Medical Advantage provides physicians with technology, tools, best practices and practice support. This includes quality performance, risk adjustment, cost management services, information technology and analytics. Medical Advantage consultants also work directly with community physicians to facilitate collaboration with home health care, skilled nursing facilities, dialysis centers and local hospitals. As a result of the acquisition, Medical Advantage President Paul MacLellan will now become Aledade’s new market president in Michigan.

“This is the merger of two organizations dedicated to doing what is good for patients, practices and society,” Farzad Mostashari, MD, co-founder and CEO of Aledade, said in a statement. “By working together, we can help more independent primary care practices in Michigan not only participate in, but succeed in, value-based care. “This partnership means more Michigan primary care physicians will have support to do what they do best: keep Michiganders healthy.”

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