Sentara Health has become the sole owner of Velocity Urgent Care. In conjunction with a third party, Sentara has been working in partnership with Velocity Urgent Care since December 2017 when Sentara transferred operations of seven Sentara Urgent Care facilities in the Hampton Roads area to the Velocity joint venture.
Velocity Urgent Care is a Virginia-based urgent care clinic providing extended hours care for illnesses, injuries, aches and pains. Velocity is comprised of 17 urgent care locations across Virginia with nearly 200 employees. It has plans to open a new location in early 2024 in Elizabeth City, North Carolina.
Sentara Health is a not-for-profit healthcare organization serving Virginia and northeastern North Carolina. The company offers services in 12 acute care hospitals, with 3,739 beds, 853,000 members in its health plan, 10 nursing centers and three assisted living facilities across the two states. Sentara operates its own managed-care plan in Optima Health, which covers 450,000 subscribers in the region. It also operates four medical groups.
In recent years, the expansion of Velocity Urgent Care has followed Sentara’s growth in Virginia and North Carolina, with all Velocity locations within a convenient distance to existing Sentara hospitals and medical facilities. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 13th urgent care transaction of the year. Recently, the most active acquirer in the space has been MyTown Health Partners, with two urgent care transactions announced so far this year.
