Practice Management
Mercy Health in northern Ohio has announced plans to expand its network of urgent care centers in the region, according to the Toledo Blade. As part of this expansion, the health system has acquired 10 urgent care centers from privately owned Greater Midwest Urgent Cares. Eight centers are located in Ohio and 2 in southeast Michigan. Officials stated that Mercy aims to invest in new tech infrastructure and medical equipment, and exterior signage will also …
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Ardent Health, which operates 30 acute care hospitals in 6 states, last week acquired 18 urgent care clinics from NextCare Urgent Care. NextCare is in the Enhanced Healthcare Partners investment portfolio and up until now included approximately 170 clinic locations, according to a 2024 JUCM analysis. The transaction includes 6 urgent care clinics in New Mexico, which will operate as part of Lovelace Health System, as well as 12 clinics in Oklahoma that will become …
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Ascension’s Via Christi Hospital in Kansas has acquired K+STAT Urgent Care, according to local WIBW News. While Via Christi is managing all assets and operations as of November 1, K+STAT will continue to see patients in the same location under its established brand. Via Christi has 6 hospitals and 75 care sites in the state. K+STAT is a single-site urgent care directed by 8 board certified family physicians, according to the website, and it’s the …
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The for-profit Ardent Health system closed its initial public offering about a month ago and said in a press release that it intends to use the net proceeds from the offering for working capital and to acquire complementary businesses. As it turns out, Ardent is targeting urgent care investment as its “most immediate focus” for the second half of the year—both de novo and acquisition deals—according to Modern Healthcare. Already this year, the organization has …
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Earlier this month, ExperCARE announced its acquisition of MedCenter Urgent Care, adding several new locations to ExperCARE’s portfolio, while extending its reach into Alabama for the first time. Founded in 2002, MedCenter Urgent Care offers urgent care as well as family medicine. Backed by Seven Hills Capital since September of 2022, ExperCARE operates 7 other locations throughout the greater Savannah, Georgia, area. Acquisition deals: This transaction represents a follow-on urgent care asset for Seven Hills. …
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Saint Alphonsus Health System in Idaho is set to take over an ambulatory surgery center and 2 urgent care centers previously owned and operated by Intermountain’s Saltzer Health. Intermountain had planned to shut down Saltzer Health in Idaho by April if no buyer came forward, according to Healthcare Finance News. The health systems reportedly have been working together to solve the potential community access challenges that would have resulted from the multispecialty physician group ceasing …
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UT Health East Texas has completed the acquisition of 5 QuickVisit Urgent Care clinics plus a separate acquisition of the UT Health East Texas Urgent Care from Premier Health. According to a press release, patients who need follow-up care at these newly added sites will have a fast-track option to see a UT Health East Texas physician or affiliated specialist. It’s a model not uncommon among health systems to encourage loyalty by making it easy …
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Urgent message: While market conditions for mergers and acquisitions are currently “hot,” variability in urgent care volume attributable to COVID-19 has led to changes in how deals are evaluated and structured. Alan A. Ayers, MBA, MAcc is President of Experity Networks and is Senior Editor of the Journal of Urgent Care Medicine Nationally, merger-and-acquisition activity has set a record pace across all industries since the start of the pandemic. Corporations, private equity funds, and buyout …
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