Lafayette Square, a national investment platform, has provided debt financing to Medical Specialists of the Palm Beaches, Inc. ("MSPB"), in support of its growth strategy. Owned by Ascend Partners, MSPB is a leading primary care-focused, multi-specialty physician group practice serving Palm Beach and Broward counties in Florida.

Founded in 1995 and headquartered in Palm Beach, Florida, MSPB has over 100 healthcare providers across more than 30 offices and offers primary care, cardiology, interventional cardiology, gastroenterology, neurology, hematology/oncology, concierge healthcare, and laboratory services. It serves approximately 70,000 patients and is the largest physician group of its kind in Palm Beach serving Medicare patients.

"Lafayette Square is excited to support the MSPB team as they continue to build this important regional medical practice," said Chris Carlucci, Director at Lafayette Square. "Palm Beach has the second highest Medicare population in Florida, and financing the growth of a business that's increasing access to primary care within this community strongly aligns with our place-based investing approach."

In addition to capital, Lafayette Square offers its portfolio companies access to Worker Solutions, a custom-built platform that seeks to measurably improve employee retention, well-being, and productivity by connecting MSPB's management team to a curated list of third-party service providers that offer nontraditional benefits to their employees. By delivering these solutions, Lafayette Square aims to reduce operational risk for its portfolio companies, help them attract and retain talent, and improve job quality.

"We are thrilled to partner with Lafayette Square as we continue to scale our practice," said Casey Waters, CEO of MSPB. "Primary care remains a highly fragmented sector, particularly in south Florida, and Lafayette Square shares our goal of improving quality of life not only for our patients, but also for our workforce."

"Lafayette Square is well-aligned with our mission to increase access to affordable, quality healthcare for underserved and vulnerable populations," said Gabriel Oriente, Principal at Ascend Partners. "We look forward to working with the Lafayette team on the continued growth of MSPB."