LOS ANGELES, California – Korean American Medical Group (KAMG), an independent physician network, and Ascend Capital Partners (Ascend), a growth-oriented healthcare-focused private equity firm, have announced a partnership that will provide KAMG physicians with new financial, operational processes and clinical resources to enhance and expand their services to meet the evolving needs of patients and Korean American communities.
KAMG has a long-standing history of serving Korean Americans with utmost care. As an Independent Physician Association (IPA), KAMG consists of a passionate group of 70 attending physicians and 400 specialists with a strong reputation for providing high quality culturally sensitive care throughout Southern California. Founded in 1989, KAMG has led the way in preventative medicine with early screenings and advanced diagnostic care. Over the past 35 years, KAMG has shown an unwavering commitment to caring for those in need and providing a convenient referral service to adults and seniors by connecting patients to specialists within 24 hours.
“We are extremely excited and grateful for this opportunity to partner with Ascend, a company founded on the mission of serving underserved communities,” stated Dr. James Han, President of KAMG. “This will help KAMG to expand our network, provide better support for our physicians and enhance our care to patients who are the backbone of our Korean American communities across the country.”
Ascend Partners is a private equity firm dedicated to working with companies to improve the lives of patients, physicians and providers. Forming a partnership with Seoul Medical Group (SMG) in 2023, Ascend is currently helping SMG gain new resources, innovative technologies, and refined processes to deepen the level of care and services to Korean American families in Los Angeles and across the United States.
The partnership between SMG, KAMG and Ascend will form one of the leading physician-led networks in the United States, dedicated to providing both high-quality clinical and non-clinical healthcare services. There are no immediate expected changes to how providers or patients will interact with either SMG or KAMG. Both organizations will continue to operate as separate entities delivering the high-quality care patients expect and deserve. This partnership merely provides an exciting opportunity to share resources and expertise to enable each company and network providers to improve patient care and expand services to deliver culturally attuned healthcare.
“This new partnership between SMG, KAMG and Ascend reaffirms our dedication and commitment to the health of the Korean community. This is the next step in our vision and mission to provide accessible care grounded in gratitude, kindness and respect,” Dr. Richard Park, Executive Chairperson of the SMG board and Co-Founder of Ascend Partners said.
As a son of Korean immigrants, Dr. Park has dedicated his life with a vision and mission to transform and redefine healthcare for the vulnerable and underserved. “I am driven to make it easier for companies to provide better care for patients who have sacrificed so much to take care of others, for the physicians
stated.

About Ascend Capital Partners:
Ascend Capital Partners is a growth-oriented, healthcare-focused private equity partnership whose mission is to build thriving communities by investing in companies and entrepreneurs who are improving healthcare access, affordability, and quality for vulnerable and underserved populations. Founded in 2019, Ascend is led by co-founders Dr. Richard Park, founder and former CEO of CityMD, a leading patient-centric healthcare services company in New York and New Jersey and In Seon Hwang, former global head of Healthcare at Warburg Pincus and member of the Executive Management Group. For more information, please visit www.ascendpartners.com.

About Korean American Medical Group
Korean American Medical Group (KAMG) is a network of independent community physicians dedicated to providing high quality medical services to its members. Founded in 1989, KAMG provides primary and specialist care services, and non-clinical healthcare services to Asian American patients in Southern California. For more information, please visit www.kamgipa.com.
About Seoul Medical Group
Seoul Medical Group (SMG) is a national network of independent community physicians who share a vision of improving the health and well-being of Asian American patients. Their network of primary care physicians and specialist providers promotes patient wellness while coordinating comprehensive care. Founded in 1993, Seoul Medical Group is one of the country’s leading physician-led medical groups dedicated to helping patients with both clinical and non-clinical healthcare services in seven states. For more information, please visit SeoulMedicalGroup.com.