SANTA MONICA, CA / ACCESSWIRE / March 31, 2021 / SignatureMD, Inc. ("SignatureMD") and Cypress Membership Medicine, LLC ("Cypress"), two leading providers in membership-based concierge medicine (collectively, the "Company"), have merged in partnership with management and Blue Sea Capital LLC ("Blue Sea"). The partnership with Cypress cements SignatureMD's position as one of nation's largest providers of initial conversion and ongoing support services to concierge medicine physicians, with an expanding network of over 200 affiliated primary care physicians and specialists across 35 states.
"We are proud to merge with Cypress as they share our core values to always do the right thing for our affiliated physicians and members and to provide them with the highest level of service and care," said Matthew Jacobson, Founder and Chief Executive Officer of SignatureMD. "Combining our two companies is about getting better and stronger together to expand our community of exceptional physicians, to serve more people looking for a closer relationship with their doctor for better health and peace of mind, and to innovate in areas like remote monitoring to meet the emerging needs of our affiliated physicians and members. This merger comes at an exciting time as more and more doctors are choosing SignatureMD's flexible care model that puts them back in control without having to decide between practicing medicine on their terms and saying good-bye to thousands of their patients."
"The merger allows us to better capitalize on the substantial sector growth opportunity while maintaining a high-quality service offering to our existing affiliated physicians and members," said Julie Robinson, CEO of Cypress. "I have always had great respect for SignatureMD, and I am excited about what we can accomplish together to improve the lives of more people with the Company's combined resources and capabilities."
Scott Ames, Principal at Blue Sea, commented, "The merger of SignatureMD and Cypress brings together two industry-leading concierge medicine platforms, and we are excited to support the combination. We look forward to building on the companies' track records of providing best-in-class services to affiliated physicians and members, while capitalizing on a sector that remains well-positioned for long-term growth driven by a superior value proposition and certainty to providers and members alike."
CapM Advisors acted as financial advisor to SignatureMD. McDermott Will & Emery served as legal advisor to SignatureMD and Phelps Dunbar LLP served as legal advisor to Cypress.
About the Company
The Company, operating under the SignatureMD (www.signaturemd.com) and Cypress Membership Medicine (www.yourcypress.com) brands, with offices in Los Angeles, California and Franklin, Tennessee, is one of the nation's largest providers of initial conversion and ongoing support services to concierge medicine physicians, with an expanding network of over 200 affiliated primary care physicians and specialists across 35 states.
About Blue Sea Capital
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $250 million. The firm has over $750 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital's strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration and business transformation.