Physician Leaders Launch LegacyMD, a Physician-Owned Platform for Membership-Based Practices

Formation unites leading practices under a majority physician-owned structure designed as an alternative to private equity consolidation

INDIANAPOLIS, Sept. 3, 2026 /PRNewswire/ -- LegacyMD, LLC today announced its formation as a majority physician-owned platform for concierge and direct primary care practices, launching with the combination of two market-leading practices: Priority Physicians of Greater Indianapolis and HealthBridge Personalized Medicine of Long Island, New York. Together, the practices will encompass 21 physicians across four locations by the end of 2026, with new flagship offices in Fishers, Indiana, and Lake Success, New York.

LegacyMD was founded by the leadership team of Priority Physicians to answer a question an increasing number of practice owners face: how to realize the value of what they've built without selling to purely financial buyers. Unlike traditional consolidators, LegacyMD is majority owned by its physicians and employees, offers opportunities for equity ownership to employed doctors as part of every transaction, and is built for long-term compounding rather than a resale. With an experienced leadership team and capital from committed financing partners and long-term oriented family offices, LegacyMD brings private equity-level resources while keeping physician alignment at the forefront of its strategy.

"Many concierge practice owners feel they can't sell without 'selling out,'" said Matthew Priddy, MD, CEO of LegacyMD and co-founder of Priority Physicians. "We built LegacyMD so the physicians who put their life's work into their practices can keep more ownership, keep more autonomy, and keep more of the upside."

Under the LegacyMD model, each practice retains its brand, care model, clinical decision-making, and local leadership, while gaining centralized support for HR, IT, finance, and organic growth. Governance includes a Physicians' Council comprised of practice presidents chaired by Dr. Priddy.

Priority Physicians, co-founded in 2002 by Dr. Priddy and Dr. Craig Veatch, was Indiana's first concierge medical group and is among the largest concierge providers in the country. HealthBridge, founded in 2001 by Dr. David Edelson, is Long Island's premier concierge primary care practice, focused on prevention, longevity, and patient-centered wellness.

The formation and HealthBridge acquisition were supported by committed credit facilities from OakNorth.

LegacyMD is actively seeking partnership conversations with leading membership-based practices nationwide. For more information, please visit www.legacymd.com.

Media Contact:
Nicholaus Kerr - President, Corporate Development & Finance
[email protected]

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SOURCE LegacyMD