Is ICV Partners Acquisition Activity a Sign of Things to Come in the 2022 Urgent Care Marketplace?

ICV Partners, a Miami-based investment firm with a history of targeting lower middle market companies in healthcare and other “service” industries, has acquired Urgent Care Group and announced plans to combine it with its portfolio company, Total Access Urgent Care. Urgent Care Group actually serves three brands covering 24 locations in the Wilmington, NC and Atlanta areas and throughout South Carolina. All together, they employ more than 400 urgent care professionals and see more than half a million patients annually. There are indications that this move could be the first of many in the urgent care marketplace this year.  In fact, JUCM published an article by Alan A. Ayers, MBA, MAcc in our December issue predicting that 2022 would be a hot one for urgent care deals. That piece was also rich with information on things ownership should take into account when considering buying or selling an urgent care business. And don’t overlook the valuable insights found in another Ayers-penned article, Dealing with the Emotional Impact of a Merger or Acquisition.