December 18, 2020

Gauge Capital Closes Sale of Miami Beach Medical Group to Sun Capital Partners Affiliate

Southlake, TX – Gauge Capital (“Gauge”), a leading middle market private equity firm, has announced the sale of Miami Beach Medical Group (“MBMG”) to an affiliate of Sun Capital Partners, Inc. (“Sun Capital”). The transaction officially closed on December 14, 2020.

Headquartered in Doral, FL, MBMG provides primary care, specialty care, and ancillary services to Medicare Advantage (“MA”) and Managed Medicaid members under global “at‐risk” contracts. Since Gauge partnered with Dr. Rodolfo Dumenigo, MBMG’s founder, in December 2016, the business has grown from $14 million in EBITDA to approximately $40 million in EBITDA in 2020. The number of MA members managed also increased from 4,400 to over 12,000.

“We invested in MBMG believing they delivered better health outcomes at a lower cost than alternatives. MBMG’s model is a win for providers, payors, and patients, and we’re grateful to Founder Dr. Dumenigo, CEO Efrain Duarte, and the rest of the management team for scaling the business to deliver its benefits to more people,” said Drew Johnson, co-Founder and Managing Partner at Gauge Capital.

“Dr. Dumenigo and the Miami Beach management team have been great partners over the last four years,” said Stan Dennis, Managing Director at Gauge Capital. “This has largely been a growth story, and we are confident that Sun Capital and management will have continued success.”

About Miami Beach Medical Group (www.mbmedicalgroup.com)

Founded in 1995 by Dr. Rodolfo Dumenigo, MBMG partnered with Gauge Capital in 2016.  The medical group focuses on the Medicare Advantage and Medicaid population and provides care for over 12,000 members in 19 full-service medical and wellness centers throughout Central and Southern Florida.  MBMG also operates an MSO that supports an additional ~2,000 members.

ABOUT GAUGE CAPITAL

Gauge Capital is a private equity firm that partners with founders, managers and equity stakeholders of successful middle market companies to maximize their potential. Gauge invests in rapidly growing services and technology-enabled companies in the healthcare services, business services, industrial, consumer and food sectors. For more information, please contact Andrew Peix, Managing Director of Business Development at apeix@gaugecapital.com.