HCA Healthcare (NYSE: HCA) announced last week it purchased 24 MedSpring urgent care centers in Texas from Fresenius Medical Care (NYSE: FMS). MedSpring centers offer treatment for a wide range of common injuries and illnesses.
The 24 clinics are dispersed throughout major cities like Austin, Dallas and Houston. Fresenius acquired MedSpring Urgent Care Centers in 2014 for an undisclosed price. At the time, the company operated 14 centers, so this most recent deal shows significant growth in the target company.
HCA Healthcare now operates a total of 160 centers across the country. The MedSpring centers will be rebranded to CareNow Urgent Care and operated by HCA.
This deal comes on the heels of another urgent care deal in Texas in April, according to data in our Deal Search Online database. Great Point Partners bought Little Spurs Pediatric Urgent Care from Striker Partners, giving the buyer an opportunity to expand in Texas. That transaction involved 12 clinics.
And at the end of June, CityMD, a portfolio company of Warburg Pincus and the leading urgent care provider in the New York metro area, acquired Summit Medical Group. The target provides multi-specialty care on an outpatient basis, offering walk-in urgent care centers, ambulatory surgery centers, and a state-of-the-art cancer center.
