Practice Management
Earlier this week, several media outlets reported that Walgreens is in negotiation discussions for a potential sale to private equity firm Sycamore Partners. With Walgreens’ debt and flagging in-store clinics, a major overhaul seems likely regardless. A few weeks ago, the retail pharmacy giant said it would be closing 1,200 locations over the next few years after reporting a $3 billion loss in the fourth quarter of 2024. A deal with Sycamore Partners would take …
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Novant Health has completed its acquisition of UCI Medical Affiliates, Inc. (UCI), previously owned by BlueCross BlueShield of South Carolina. The deal includes 52 Doctors Care urgent care clinics and 20 Progressive Physical Therapy clinics. UCI also provides nonmedical management and administrative services specifically for urgent care and physical therapy operators. Charlotte-based Novant has 3 hospitals in South Carolina, so the urgent care additions will no doubt offer some new referral source potential. Staying the …
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American Family Care (AFC), has acquired 3 Urgent Medcare locations, previously owned by CRH Healthcare. The newly acquired clinics are located in greater Huntsville, Alabama. AFC plans to complete the openings of more than 40 new urgent care, primary care, and occupational medicine locations this year, following the openings of 64 rooftops in 17 states last year, according to a press release. In all, the company has 370 locations. CRH Healthcare has 85 locations in …
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A new UPMC joint venture with GoHealth Urgent Care announced plans to acquire a number of MedExpress urgent care locations in 2025. The organizations state that new branding will rename UPMC urgent and express care locations as UPMC-GoHealth Urgent Care, and the partners will operate MedExpress locations in Pennsylvania, West Virginia, and Virginia. New locations are also on the drawing board, they say, however, the number of new, jointly operated centers was not disclosed. Some …
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Northwest Urgent Care, LLC, has entered into an agreement to purchase 10 Arizona urgent care centers from Carbon Health. According to the announcement, the acquisition will expand capacity and bring Northwest’s total number of locations to more than 80 when the deal closes in the fourth quarter of 2024. In the past 5 years, Northwest Healthcare has invested around $200 million in the Tucson metro area, which includes the addition of 2 hospitals. Northwest Urgent …
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Urgent Care for Kids in Houston, Texas, this week announced the acquisition of 11 Pediatrix Medical Group Primary + Urgent Care clinics, formerly operating under the NightLight Pediatrics Urgent Care brand. Since its establishment in 2011, Urgent Care for Kids has offered traditional urgent care as well as telehealth services, and with the acquisition, brings its total number of clinic locations to 23. Portfolio peek: Urgent Care for Kids is a subsidiary of Goodside Health, …
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Sentara Health has acquired full ownership of Velocity Urgent Care, according to a press release. The hospital system has been operating Velocity as a joint venture for more than 6 years, and with the acquisition, has plans to open a new location in Elizabeth City, North Carolina, early next year. With nearly 200 employees, the Velocity network of centers currently serves patients in 17 locations in Virginia. The integration aims to enhance patient access and …
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Blue Cross and Blue Shield of North Carolina (Blue Cross NC) has agreed to acquire more than 50 North Carolina-based locations of FastMed. The pending acquisition is set to close in early 2024, and once the deal is finalized, FastMed would operate independently from the not-for-profit Blue Cross NC. The Blues plan has been a non-controlling minority investor in FastMed since 2012, and it will acquire only FastMed’s North Carolina locations. FastMed also provides telehealth, …
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Urgent message: Urgent care’s success in delivering a retail healthcare experience has attracted the attention of private equity and hospital investors; understanding the deal timeline is an essential first step for an urgent care operator interested in buying or selling a business. Alan A. Ayers, MBA, MAcc is Vice President of Strategic Initiatives for Practice Velocity, LLC and Practice Management Editor of The Journal of Urgent Care Medicine. Introduction Urgent care centers are popular among …
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U.S. HealthWorks continues to invest heavily in its Florida occupational medicine business, more than doubling its stake there by buying Lakeside Occupational Medical Centers, which operates 14 centers in the Tampa Bay, Lakeland, and Orlando areas. Once the deal is finalized, U.S. HealthWorks will have 27 locations in Florida; they’ll be among 244 medical offices and onsite clinics in 21 states. That makes it one of the largest occupational health and urgent care operators in …
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