Mercy Health Acquires 3 Urgent Care Centers 

Mercy Health Acquires 3 Urgent Care Centers 

On September 19, Colerain Urgent Care announced that it sold three of its urgent care centers to Mercy Health. According to data captured in the LevinPro HC database, this transaction represents the eighth urgent care acquisition of 2023.   The urgent care centers are located in Fairfield, Hamilton and Colerain, Ohio. Each location measures approximately 2,800 square feet. The facilities have state-of-the-art X-ray equipment and laboratory services. The centers also treat common illnesses in children and adults.  Part of Bon Secours Mercy Health, Mercy Health comprises six hospitals as well as 80 network locations and several urgent care locations. It ranks as the... Read More »
Mercy Health Acquires 3 Urgent Care Centers 

MyTown Health Partners Acquires St. Camillus Urgent Care & Family Practice

MyTown Health Partners (MTHP), a comprehensive practice management services organization formed by Webster Equity Partners, has announced its acquisition of St. Camillus Urgent Care & Family Practice. St. Camillus Urgent Care & Family Practice is a Christian-based urgent care center with  sox locations across Kentucky. The center has been open since 2009. MTHP is a practice management services organization headquartered in Pittsburgh. MTHP is bringing together national leaders in the rural and urban healthcare space with the goal of providing accessible healthcare treatment to underserved communities.  This strategic partnership will extend MTHP’s mission of compassionate... Read More »
Mercy Health Acquires 3 Urgent Care Centers 

Urgent Care Group Acquires ParkMed Urgent Care

Urgent Care Group, backed by Capital Alignment Partners and Harbert Management Corporation, announced the acquisition of ParkMed Urgent Care in Alcoa, Tennessee. ParkMed Urgent Care has been providing urgent care, preventative care and occupational health services to the greater Knoxville and Blount County communities since 1989. Urgent Care Groupis creating the leading urgent care company by combining the best urgent care centers resulting in significant economies of scale, greater operating efficiencies and enhanced clinical quality. The Urgent Care Group network includes 56 centers operating as six brands: Covenant Health Urgent Care in partnership with Covenant Health in Tennessee,... Read More »
Mercy Health Acquires 3 Urgent Care Centers 

HCA Expands Acquires 41 FastMed Urgent Care Locations in Texas

The publicly traded health system HCA Healthcare, Inc. struck a deal to acquire 41 urgent care centers in Texas owned by FastMed. No financial terms were disclosed, but the transaction is expected to close this summer. The agreement includes 19 FastMed and 22 MedPost urgent care centers in Dallas, Austin, San Antonio, Houston, and El Paso. It does not include FastMed’s urgent care locations outside of Texas. According to the press release, once completed, the transaction will expand significantly HCA Healthcare’s urgent care operations, which currently comprise 268 clinics.  In 2022, HCA announced two deals in the urgent care space: Bettermed in Virginia, and following that, MD Now Urgent... Read More »
Mercy Health Acquires 3 Urgent Care Centers 

Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity

While healthcare real estate has proven to be an increasingly attractive investment in recent years, mergers and acquisitions deal volume in 2023 may fail to reach last year’s record. “We believe that overall volume will be healthy given the continued demand for healthcare real estate, but will be lower than previous years’ historic highs,” said Cornerstone Companies senior vice president of investments Ted Baker. His company’s holdings include approximately 55 medical office buildings and surgery centers with an aggregate value above $500 million. “My guess is that we see less of [the] larger trades and more single-asset deals [and] lower overall volumes,” Baker said.  There were 120... Read More »
Mercy Health Acquires 3 Urgent Care Centers 

Ochsner Health Acquires Diamondhead Urgent Care

Ochsner Health announced it has acquired Diamondhead Urgent Care, an urgent care center in Diamondhead, Mississippi, giving the hospital system a bigger footprint in Hancock County. The existing employees and physicians will continue to provide healthcare at this facility, while additional staff will be added as the patient load increases. Terms of the deal were not disclosed. Ochsner Health is an integrated healthcare system that has more than 34,000 employees and more than 4,500 employed and affiliated physicians in more than 90 medical specialties and subspecialties. It operates 40 hospitals and more than 300 health and urgent care centers across Louisiana, Mississippi and the Gulf... Read More »