A Hot Market Has Some Established Operators Stepping Outside Their Comfort Zone

The past few weeks have seen a lot of action on the merger and acquisition front in the urgent care marketplace. The latest deal to come to light brings together a well-established local chain (Texas MedClinic, whose 20 locations are highly visible in San Antonio and Austin) with a private equity-backed, multistate operator (Community Care Partners, whose 90-plus locations stretch across seven states from Washington to Louisiana under the BestMed, SouthStar Urgent Care, and Coastal Urgent Care brands and which is a component of Shore Capital Partners’ healthcare portfolio). The deal is somewhat of a departure for CCP, which has historically targeted acquisitions in rural markets. Texas MedClinic is known for a strong occupational medicine program, including physical therapy at some sites. The current issue of JUCM features an article full of insights into urgent care’s appeal for private equity investors. Why Private Equity and Other ‘Smart Money’ Is Bullish on Brick-And-Mortar Urgent Care is available online right now.