Market Overview

Physician Support Organization Health Plus Management Announces Michael Jablon as New SVP of Business Development and Finance

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—Brings Deep Experience with Practice Management Transactions—

Health Plus Management (HPM), a physician support organization providing management services to independent physician practices specializing in musculoskeletal care, today announced the appointment of Michael Jablon as Senior Vice President, Business Development and Finance.

"Filling this role is critical to our growth plan, and we spent a great deal of time finding the right candidate. Michael spent the majority of his career investing in and growing healthcare services companies. Through his most recent role at a private equity firm specializing in multi-location healthcare provider platforms, Michael brings a strong track record of success in practice management transactions," said Stuart Blumberg, chief executive officer, Health Plus Management. "As Health Plus Management continues to accelerate growth through acquisitions and expand our service offerings across the musculoskeletal care continuum, Michael's experience and insights will be invaluable."

In his most recent role as a Principal with Varsity Healthcare Partners, Michael was involved with new deal sourcing, evaluation and execution and portfolio company management, where he helped grow numerous healthcare provider platforms. He also served on the Board of Directors for Forefront Dermatology, EyeCare Services Partners and Surgical Affiliates Management Group. Previously, he was a Vice President with MTS Health Partners, a merchant bank providing strategic advice and private equity capital to healthcare services companies.

"HPM has incredible leadership, and I'm pleased to be working with a best-in-class team. We see an attractive opportunity in building a vertically integrated musculoskeletal platform, as it will afford patients and referral sources a one-stop shop for all their musculoskeletal health care needs and provide additional growth avenues for our practices as they expand their service offerings. Furthermore, the ability to coordinate care across what has been traditionally disparate providers represents a tremendous value to payers as they seek to implement value-based initiatives," said Michael.

HPM is one of the only practice management services offering a broad range of administrative and operational support specifically geared toward top physical medicine and rehabilitation, physical therapy and orthopedic practices. HPM's offering enables physicians a customized approach to grow their practices by focusing on clinical care while benefiting from HPM's operational, financial, technological and marketing expertise.

Health Plus Management was acquired by Investcorp, a leading global provider and manager of alternative investment products, in January 2019. Based in Long Island, Health Plus was founded in 1994 by its current CEO, Stuart Blumberg.

About Health Plus

Health Plus is a Physician Support Organization and market leader in clinical practice management in the physical medicine and rehabilitation, physical therapy and orthopedics market. Health Plus provides independent physician practices with business development, marketing and back-office support typically seen in much larger organizations, enabling its clients to start up and/or grow their private practice beyond what might otherwise be feasible while maximizing clinical service and patient care. Services include revenue cycle management, marketing, data, purchasing, HR/benefits, compliance, staffing/recruiting support, facility design and development, finance/bookkeeping and payer contracting/credentialing. For more information, visit http://www.healthplusmgmt.com.

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