ICV Partners, LLC, a leading investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today that it has made a majority investment in Total Access Urgent Care (TAUC), a provider of urgent care and many emergency department services in the Midwest, in partnership with the company’s management. Based in St. Louis, Total Access Urgent Care operates 26 locations and serves patients in the Midwest region.
Revelstoke Capital Partners (“Revelstoke” or the “Firm”), a leading private equity firm focused on investing in healthcare services companies, announced today that it has completed fundraising for Revelstoke Single Asset Fund II, L.P. (“RSAF II” or the “Fund”). RSAF II, with $111 million of commitments, was oversubscribed. Concurrently with the closing of RSAF II, the Fund acquired a minority equity interest in Fast Pace Health, with which Revelstoke has long had a successful partnership. Fast Pace Health is a leading provider of primary, walk-in, urgent care and multi-specialty services serving rural communities through a broad network of 127 clinics across five states.
Tenet Healthcare (NYSE: THC) and FastMed Urgent Care announced today that they have entered into a definitive agreement under which FastMed will purchase Tenet’s urgent care platform, which is operated under the CareSpot and MedPost brands and managed by Tenet’s United Surgical Partners International (USPI) subsidiary. FastMed is one of the nation’s largest independent urgent care providers with 104 locations in North Carolina, Arizona and Texas. The transaction will add 87 CareSpot and MedPost centers, increasing patient access to FastMed’s healthcare services in Arizona and Texas, while enabling the company to expand into Florida and California where most of the acquired centers are located.
WellNow Urgent Care℠, one of the country’s fastest-growing urgent care providers, announced Thursday that it has acquired Hometown Urgent Care & Occupational Health, one of the largest fully-equipped urgent care and occupational health centers in the Midwest with 34 locations in Ohio and Michigan. The acquisition, which comes amid continued growth of the urgent care industry, nearly doubles WellNow’s footprint, making it one of the top 10 urgent care providers in the U.S. Collectively, WellNow and Hometown have cared for nearly 1.5 million patients in the past year.
Skylight Health Group Inc (CSE:SHG; OTCQX: SHGFF) (“SHG” or the “Company”), one of the largest multi-specialty healthcare systems in the United States, is pleased to announce that it has entered into a Letter of Intent (LOI) to purchase 100% of the shares of a Florida Primary and Urgent Care clinic group (the “Clinic”). The name of the group will remain undisclosed until the closing of the Transaction on or before January 31, 2021. The planned acquisition of the Clinic will expand the Company’s bricks and mortar and telemedicine services to 16 States when including the previously announced pending acquisition of Tennessee-based Perimeter Pain and Primary Care Clinic.
More children visited urgent care and retail health clinics in 2019 compared with years prior, but disparities related to which children are accessing these clinics are emerging, according to data from the National Health Interview Survey. Nationally, 26.4% of children visited urgent care and retail health clinics, typically located in grocery stores or pharmacies, at least once in the past year, reported Lindsey I. Black, MPH, and Benjamin Zablotsky, PhD, of the National Center for Health Statistics (NCHS) in Hyattsville, Maryland. Children with private or public insurance accessed care at one such clinic at similar rates (27.6% vs 25.2%), but uninsured children accessed them at lower rates (19.3%), the researchers wrote in an NCHS Data Brief.
HonorHealth and FastMed Urgent Care announce that their joint venture transaction to manage 30 existing Arizona urgent care clinics is complete, and the clinics will now be operating under the co-branded name HonorHealth FastMed Urgent Care. In September, the two healthcare organizations announced their intention to form a joint venture to improve access in the Phoenix and Tucson markets.
Effective December 1, 2020 MedStar Health has acquired Righttime Medical Care, a provider of urgent care services to patients in Maryland for the past 30 years. The acquisition brings 19 additional urgent care centers, including the HeadFirst clinics for sports injury and concussion care, and approximately 300 associates into the MedStar Health system. These urgent care centers will now be part of MedStar Health Urgent Care operations. MedStar Health operates 14 urgent care centers across the Baltimore and Washington, D.C. region and MedStar Health Urgent Care patients enjoy streamlined access to world-class medical experts throughout the system.
Urgent Care Group, a leading Nashville-based urgent care company, announced Wednesday the completion of the acquisition of Access Medical in North Myrtle Beach, SC. Access Medical has been providing convenient and affordable on-demand care to the North Myrtle Beach community since 1987. Access Medical is the 22nd center to join the Urgent Care Group Network, and in early December, Access Medical will be rebranded as part of the MEDcare Urgent Care brand.
Ascension Saint Thomas will partner with Urgent Team Family of Urgent Care & Walk-In Centers to rebrand care centers throughout Middle Tennessee, expanding affordable health services in the area and creating new opportunities for the hospital to attract patients. The joint venture begins in December and will brand 14 urgent care locations with the Saint Thomas logo by early next year. Urgent Team, which owns more than 60 walk-in care facilities across the Southeast, will be managing partner, retaining control over the locations’ operations, said Tim Adams, CEO of Saint Thomas Health. The deal has been more than a year in the making, said Tom Dent, Urgent Team’s CEO. While he declined to state specifics, Dent called the deal a “significant relationship financially” that will expand accessible health care for decades to come.
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