# Palm Medical Centers

Palm Medical Centers is an Asset Manager based in Coral Gables, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Coral Gables, United States
- **Region:** North America
- **Address:** Coral Gables, FL, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** palmmedicalcenters.com
- **LinkedIn:** https://www.linkedin.com/company/palmmedicalcenters

## Regulatory record

- **Reports private funds:** No

## About

Senior Primary Care with Genuine Kindness | At Palm Medical Centers, we offer premier primary care for seniors 65+ with Medicare Advantage plans at numerous locations throughout Central Florida and South Florida.

## Sectors

- Healthcare Services

## People

- Fowad Choudhary — Chief Executive Officer

## Questions

### Who owns Palm Medical Centers?

In August 2022, Palm Medical Centers sold a controlling interest to MBF Healthcare Partners, a private equity firm based in Coral Gables and led by Miguel Fernandez. Founder Fowad Choudhary retained a significant minority stake and remains CEO of the company, while MBF brought capital and healthcare-operations expertise to accelerate clinic acquisitions across Florida. The transaction valued the group north of $300 million, according to PE Hub reporting at the time.

### How many patients does Palm Medical Centers manage?

At the time of the MBF Healthcare Partners acquisition in mid-2022, Palm Medical Centers was responsible for approximately 50,000 managed lives under capitated Medicare Advantage contracts. The patient base is heavily concentrated among Medicare-eligible seniors in South and Central Florida. The company has since targeted expanding that number through both organic patient attribution and acquiring additional primary care practices.

### Which geographic markets does Palm Medical Centers serve?

The group's clinic footprint spans the Florida counties with the highest concentrations of Medicare-eligible seniors: Miami-Dade, Broward, Palm Beach, and Hillsborough. All clinics are located in Florida, reflecting a deliberate strategy to dominate the nation's most mature and competitive Medicare Advantage market before expanding elsewhere. The company has not disclosed plans for out-of-state expansion.

### What is the relationship between Palm Medical Centers and MBF Healthcare Partners?

MBF Healthcare Partners became the majority owner of Palm Medical Centers in a 2022 recapitalization. MBF managing partner Miguel Fernandez, a veteran healthcare investor who previously founded and sold Navarro Discount Pharmacy, joined Palm Medical's board. The partnership pairs Palm Medical's clinical operating capability with MBF's capital and experience in scaling Florida healthcare roll-ups, with a shared thesis that independent, capitated primary care groups will attract premium valuations as Medicare Advantage enrollment continues rising.

## Related profiles

- [Sunny Sky Products](https://altss.com/profile/sunny-sky-products)
- [Roofed Right America](https://altss.com/profile/roofed-right-america-llc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/palm-medical-centers

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology