Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Rendr and Excelsior Agree to Form Leading Integrated Medical Group to Serve the Asian American Community in NYC


News provided by

Rendr

Nov 28, 2022, 09:00 ET

Share this article

Share toX

Share this article

Share toX


New company will be uniquely positioned to provide high-quality, culturally appropriate, value-based care to NYC's more than one million Asian residents who have historically been underserved by the healthcare system.

NEW YORK, Nov. 28, 2022 /PRNewswire-PRWeb/ -- Excelsior Integrated Medical Group ("Excelsior") and Rendr have announced today that they will combine to form New York City's leading integrated multi-specialty medical group and related professional management service organization dedicated to providing world-class, value-based healthcare to the medically underserved Asian community.

The combined enterprise, which will operate under the name Rendr, will include approximately 200 providers operating out of nearly 100 medical sites across Brooklyn, Manhattan, Queens and Staten Island. The new venture is backed by Ascend Capital Partners and Kain Capital, two healthcare focused private equity firms. Dr. Richard Park will serve as the company's Chief Executive Officer with Dr. Henry Chen and Dean Lin serving as co-presidents.

“With the combined scale of Rendr and Excelsior, we have the resources, medical capabilities, and technology to represent and to care for our underserved, overlooked Asian community."

Post this

"Excelsior's goal is to hire the best community physicians to provide high-quality, value-based medical care," says Dr. Henry Chen, Chief Executive Officer of Excelsior and practicing internal medicine physician. "We want to reduce healthcare costs and improve the patient experience by enhancing our physicians' ability to share information, making it easier for them to manage patient outcomes more efficiently and effectively. Our merger with Rendr will help us achieve our mission on an accelerated pace and a larger scale."

Excelsior started in 2013, as a financially integrated multi-specialty medical group, with three primary care physician practices. Currently, Excelsior has more than 80 providers from 12 clinical specialties across 21 divisions at 59 sites in Brooklyn, Manhattan, Queens, and Staten Island. Since 2016, the medical group has seen an average revenue growth rate of 35% per year and rebounded from the COVID-19 pandemic with a revenue growth rate of 52% from 2020 to 2021.

"The financial investments from Ascend Capital Partners and Kain Capital will allow our combined medical group to expand its clinical services, invest in state-of-the-art facilities and medical technologies," says Dr. Jianwei Zhang, Chairman of Rendr's Board of Directors. "It will also allow us to expand our patient education, community outreach, care management programs, and partner with other community healthcare providers and equip them with expert resources to deliver value-based care more effectively."

Rendr is a primary care focused, multi-specialty medical group, providing 11 clinical specialties through its 40 locations in Brooklyn, Manhattan, and Queens to serve a predominantly Asian patient population of approximately 100,000. The medical group started in 2019 through a merger of 17 physician practices in the New York City Chinese community. Its founding executives include several former top executives from CityMD, the leading urgent care group in the New York and New Jersey Tri-state Area.

In 2021, both Excelsior and Rendr earned top CMS quality scores from most government-funded insurance plans in New York City, along with entering into risk-sharing contracts with several major Medicaid and Medicare payors.

The merger between Rendr and Excelsior will enable both medical groups to use each other's complementary clinical and operational strengths to provide world-class, value-based health care to the medically underserved Asian community. "With the combined scale of Rendr and Excelsior, we have the resources, medical capabilities, and technology to represent and to care for our underserved, overlooked Asian community. We are excited to deliver the high-quality, affordable, culturally aligned, integrated healthcare that our patients deserve," says In Seon Hwang, Co-Managing Partner of Ascend Capital Partners.

In addition to focusing on primary care, the combined enterprise will provide approximately 20 clinical specialties to manage the health of a patient population of more than 200,000 at close to 100 clinical offices throughout Brooklyn, Manhattan, Queens and Staten Island.

"We believe the combined enterprise is incredibly valuable to a large segment of New York City, and our backing of the expanded medical group reinforces our commitment to value-based care that benefits payors, providers and patients," says Kunal Kain, Managing Partner at Kain Capital, who will also join the board of the new entity.

About Rendr:
Rendr is the largest primary care focused, multi-specialty medical group dedicated to serving medically underserved Asian populations in New York City. The physician group was founded in 2019 with a mission to provide world-class health care services and serve kindness to immigrant communities. Currently, Rendr has more than 100 medical providers serving a patient population of approximately 100,000 at its 40 locations throughout Brooklyn, Manhattan, and Queens. Rendr is a member ofmanaged services organization CareAbout's network and is financially backed by Ascend Capital Partners, a healthcare focused private equity firm.

About Excelsior Medical:
Excelsior Medical is committed to high quality, value-based medical care, by allowing physicians to share information about patient outcomes more efficiently and effectively. Founded in 2013, Excelsior's more than 80 providers care for more than 80,000 people across Brooklyn, Manhattan, Queens, and Staten Island in New York City. Excelsior is financially backed by Kain Capital, a healthcare focused private equity firm.

Press Contact
[email protected]

Media Contact

John Hui, Rendr, 1 646-630-8266 Ext: 247, [email protected]

SOURCE Rendr

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.