Seoul Medical Group (SMG) and Ascend Partners Welcomes Myong Lee as New Chief Executive Officer
June 20 2024 - 1:06PM
Business Wire
- SMG is pleased to announce Myong Lee as its new Chief Executive
Officer, effective June 1, 2024.
- A seasoned veteran in the healthcare industry, Myong will lead
the charge positioning SMG for the next stage of growth with
culturally sensitive care.
Seoul Medical Group (SMG), one of the country’s leading
physician-run Independent Physician Associations, today announced
the appointment of Myong Lee as its new Chief Executive Officer
following an extensive search process. A seasoned veteran with over
17 years in the healthcare industry, Myong brings extensive
knowledge and experience positioning companies for their next stage
of growth. As the former CEO and co-founder of Clever Care, he
recognizes the need for culturally sensitive care. His dedication
to health equity was instrumental in growing Clever Care to a
leading Medicare Advantage health plan, with 112% y/y growth as of
1/1/24.
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Seoul Medica Group CEO Myong Lee is a
seasoned veteran with over 17 years in the healthcare industry
positioning companies for their next stage of growth. (Photo:
Business Wire)
“We are pleased and excited to be able to have Myong Lee at the
helm who aligns with our vision and values to better serve and
empower the needs of physicians and their patients,” said Dr.
Richard Park, Executive Chairperson of the SMG board and co-founder
of private equity group Ascend Partners. “Myong has the long-term
vision and cultural understanding necessary to lead the
transformation of SMG with innovation, compassion and care.”
Like Dr. Park, Myong is a son of first-generation immigrants
from South Korea who witnessed the challenges his parents faced
navigating the healthcare system with limited English proficiency.
“I founded Clever Care with a culturally customized approach,
because nothing should ever get in the way of receiving the quality
healthcare that we all deserve,” said Myong. “I will bring that
same tenacity and commitment to SMG, advocating for physicians and
their patients, armed with a vision for advancements and growth to
better support our underserved communities.”
Myong is well suited for this task. In addition to Clever Care,
he has assisted some of the most innovative companies in
healthcare, such as agilon health and Clover Health, with building
and scaling their businesses. In addition, he has advised many VC
and PE fund portfolio companies on charting their path for growth
and implementing value-based care.
About SMG:
Seoul Medical Group (SMG) is a national network of independent
community physicians who share a vision of improving the health and
well-being of patients. Their network of Primary Care Physicians
and Specialist Providers promote patient wellness while
coordinating comprehensive care. Founded in 1993, Seoul Medical
Group is one of the country’s leading physician-run IPAs with 4,800
primary care and specialist physicians dedicated to helping
patients with both clinical and non-clinical healthcare services.
Visit SeoulMedicalGroup.com to learn more.
About Ascend Partners:
Ascend 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 In Seon Hwang, former global head of Healthcare at
Warburg Pincus and member of the Executive Management Group, and
Dr. Richard Park, founder and former CEO of CityMD, a leading
patient-centric healthcare services company in New York and New
Jersey. For more information, please visit
www.ascendpartners.com.
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James Lee Ph: 213-245-5223 Email: jameslee@amm.cc