Project Crest, a clinically integrated network of 200+ physicians, is a leading independent provider of value-based care services in the Chicago market. This network spans 130 PCPs and 90 specialists, offering a powerful footprint in one of the nation’s most competitive healthcare markets.
The company operates under evergreen, assignable contracts with major payors such as Meridian, BCBS, Aetna, and Ambetter—serving over 50,000 lives, the majority of which are Medicaid beneficiaries. It has demonstrated strong performance in managing risk-based arrangements and quality metrics, with upside potential in untapped payor segments and Medicare Advantage.
Key Highlights:
2024 Projected Revenue: $8.2M
2024 Projected EBITDA: $5.9M
2023 Revenue: $7.1M | EBITDA: $2.5M
Contracted Lives: 50K+ (Majority Medicaid)
Clinician Network: 130 PCPs, 90 Specialists
Core Services: Value-Based Care, Care Coordination, Shared Savings, Healthcare IT, and Patient Engagement
Revenue Sources: Shared Savings, Quality Incentives, Care Coordination PMPM contracts
All contracts are evergreen and assignable
Growth Opportunities:
Expand into Medicare Advantage using proven Medicaid strategies
Increase marketing spend (growth to date has been organic)
Deepen existing contracts from fee-for-service into risk-sharing
Extend current contract relationships into new payor agreements
Tap into underutilized ACO REACH and quality-based revenue programs
Reason for Sale:
Open to acquisition of assets located in Chicago, IL. Ideal for strategic or financial buyers aiming to expand in managed care and value-based contracting.
Ad#:2377181
