Concentra®, the nation’s leader in occupational medicine, today announced the acquisition of Superior Care Medical Center in Gardena, California. Concentra is recognized as the premier provider of occupational health and urgent care services delivered through an extensive network of more than 520 locations nationwide. This acquisition strengthens Concentra’s presence in California and enables the company to more effectively meet the demand for comprehensive occupational health and urgent care services in the region.
As the state of healthcare in the region continues to evolve, Faith Community Health System announces its expansion with the acquisition of Graham Healthcare and Urgent Care located at 1005 Elm St in Graham Texas. The acquisition will convert the physician-owned clinic to a hospital-based facility in a non-monetary change of ownership transaction. In a deal that has been in the works for several months, the two organizations say that the acquisition and conversion to a hospital based Rural Health Clinic will have no implications for patients.
Northside Hospital and Urgent Care Group announced an expansion of their Health Choice Urgent Care joint venture with the addition of Roswell Urgent Care located in Roswell, Georgia. In March, Northside announced the acquisition of ChoiceOne Urgent Care of Gwinnett and a new partnership with Urgent Care Group, to manage and operate the three locations in the Gwinnett County, Georgia area. The three centers were later rebranded as Health Choice Urgent Care in June of 2020. In late October, Roswell Urgent Care will be rebranded and join the Health Choice Urgent Care brand.
Concentra®, the nation’s leader in occupational medicine, announced the acquisition of Fremont Urgent Care, now Concentra – Fremont, in California. The addition of the Fremont Urgent Care location ensures superior access to occupational health care services for employers and their employees in the Fremont-Milpitas area. Concentra has long been known as the premier provider of occupational health services delivered through an extensive network of more than 520 locations nationwide. This acquisition strengthens Concentra’s growing presence in California and enables the company to more effectively meet the demand for comprehensive occupational health services in the region.
Private equity, health systems, and even insurers are all looking to acquire practices in various service lines, and urgent care is continuing to get the attention of consolidating forces in North Texas and beyond. The urgent care market is one that is quickly consolidating. The clinics are attractive because it is often more conveniently located and less expensive than hospitals, and easier to book than a primary care physician. But what makes this chain of urgent care facilities and urgent care in general, so attractive to private equity? Convenience, growth, and fragmentation are all part of the puzzle, says Blake Apel, partner at Trinity Hunt Partners.
The urgent care sector has been a quickly growing segment of the healthcare industry over the last several years, and HealthCare Appraisers has observed growth in transactions in this highly fragmented sector of the healthcare services industry. The segment has benefited from a focus on preventative care, changes in consumer preferences, and implementation of technology in healthcare. In this article HealthCare Appraisers provides background information on the urgent care sector, timely factors affecting urgent care operations, transaction activity in the urgent care space, valuation considerations for urgent care centers, and how COVID-19 is impacting urgent care operations.
HonorHealth and FastMed Urgent Care announce that they have formed a joint venture to operate all 30 of FastMed’s Arizona-based clinics in the Phoenix and Tucson areas. These clinics provide urgent care and occupational health services, in person and via telemedicine, and will be clinically integrated with HonorHealth’s five acute-care hospitals, physician practices, outpatient surgery centers and other network services. The seven existing HonorHealth Urgent Care locations, which will remain wholly owned and operated by HonorHealth, will continue to provide access to care and services to patients who live in those communities. HonorHealth and FastMed will share ownership in the new venture, with FastMed managing day-to-day operations of the joint venture’s urgent care clinics and related services.
Trinity Hunt Partners, a growth-oriented middle market private equity firm, today announced its partnership with MainStreet Family Urgent Care, a leading urgent care provider based in Birmingham, Ala. MainStreet was founded in 2015 by Sam Eskildsen, Chief Executive Officer, and has grown to 16 clinics across the state of Alabama, with additional new clinics opening soon in Georgia. Trinity Hunt is partnering with Eskildsen and the company’s senior management team including Rhett Plugge, Chief Financial Officer, and Dr. Timothy Taylor, Chief Medical Officer, to accelerate the company’s growth trajectory through new clinic expansion and strategic acquisitions. The management team will remain significant shareholders of MainStreet.
CityMD, the leading urgent care provider in the New York metropolitan area, announced Tuesday the acquisition of Urgent Care Now, a leading urgent care provider in Ocean County, New Jersey. CityMD’s acquisition of three Urgent Care Now locations, including Toms River, Manahawkin, and Lanoka Harbor, marks the company’s entry into Ocean County, further expanding its New Jersey presence to 19 total sites. Dr. John Kulin founded Urgent Care Now in 2005, opening its first location in Manahawkin and eventually growing the practice to four locations across Ocean County. Along with Dr. Kulin, 28 health care providers will be joining the CityMD team.
Concentra®, the nation’s leader in occupational medicine, today announced the acquisition of Jet Medical Center in Ocala, Florida. Concentra has long been known as the premier provider of occupational health and urgent care services delivered through an extensive network of more than 520 locations nationwide. This acquisition strengthens Concentra’s presence in Florida and enables the company to more effectively meet the demand for comprehensive occupational health and urgent care services in the region.
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