Vesey Street Capital Partners (VSCP) and MD Healthcare Partners (MDHP) are partnering to build a healthcare services platform, according to a news release.

The companies stated that the partnership will seek to acquire and build a multi-site organization aimed at increasing care quality and efficiency while reducing healthcare costs. VSCP and MDHP will each deploy committed capital to fund the platform through organic and acquisition-based strategies.

VSCP, based in New York, is private equity firm that specializes in buyouts of lower middle market healthcare services businesses. Founded in 2014, the firm targets companies with between $5 million and $30 million in EBITDA.

MDHP, based in Tampa, Fla., is a private investment firm focused on multi-site providers and physician practice management businesses.