LegacyMD Launches New Physician-Owned Platform for Care Practices

The Formation of LegacyMD: A Revolutionary Platform for Physicians

In a move that aims to redefine how concierge and direct primary care practices operate, a new entity called LegacyMD, LLC has been established as a majority physician-owned platform, marking a significant shift in the landscape of membership-based healthcare services. Launched on September 3, 2026, in Indianapolis, LegacyMD merges two top-rated medical practices: Priority Physicians of Greater Indianapolis and HealthBridge Personalized Medicine based in Long Island, New York, with ambitious plans to expand across the nation.

This collaboration promises to encompass 21 physicians across four locations by the end of 2026, with flagship operations set to open in Fishers, Indiana, and Lake Success, New York. The initiative was sparked by the need for an alternative to the traditional consolidation methods often favored by private equity firms. Matthew Priddy, MD, the CEO of LegacyMD and co-founder of Priority Physicians, articulated the need for this new structure by stating that many practice owners feel they cannot sell without ultimately losing control or compromising their values.

A Solution for Practice Owners

LegacyMD offers a unique value proposition by allowing physicians to retain a larger share of ownership and autonomy than they would typically experience with financial buyers. Unlike conventional consolidators, LegacyMD prioritizes the interests of its physician owners, emphasizing long-term development and sustainability over quick financial returns.

One of the standout features of this new model is the opportunity for equity ownership provided to employed doctors within the organization, ensuring that every practice has a stake in its future. This structure not only enhances the professional satisfaction of physicians but also aligns the interests of all members of the organization towards shared goals.

The Governance Structure

Each practice participating in LegacyMD continues to operate under its established brand and maintains local leadership and clinical decision-making authority. However, they can benefit from centralized support services, including human resources, information technology, and finance, enhancing operational efficiency. The management of LegacyMD will be guided by a Physicians' Council composed of practice presidents, chaired by Dr. Priddy, ensuring that physicians are involved in strategic decisions affecting their practices.

Notable Backgrounds of Founding Practices

Priority Physicians, which was founded in 2002, is recognized as Indiana’s first concierge medical group and remains among the largest such provider networks in the country. Meanwhile, HealthBridge, established in 2001 by Dr. David Edelson, has garnered a reputation as Long Island's leading concierge primary care practice, centered around preventative care, longevity, and wellness-focused patient treatment.

The partnership has been supported by credit facilities from OakNorth, which compromises committed financing partners and family offices that are similarly oriented towards fostering long-term growth.

Looking Ahead

As LegacyMD embarks on this exciting new journey, it is also actively pursuing partnerships with other membership-based practices nationwide. Through its innovative model, LegacyMD is not just looking to provide high-quality healthcare; it aims to create an ecosystem where physicians can flourish while also delivering exceptional patient care.

For more information about LegacyMD and the services it provides, visit their official website at legacyMD.com. This launch represents a hopeful future for healthcare practices, where ownership, autonomy, and excellence in patient care can coexist harmoniously.