Next Level Urgent Care Acquires Three Humble, Texas Urgent Care Centers
Next Level Urgent Care has acquired three urgent care centers in Humble, Texas. The centers were previously owned by Northeast Urgent Care as part of the healthcare provider’s plan to double its locations by the end of 2022. Terms of the deal were not disclosed. Each urgent care center has been updated to provide treatment for chronic and acute illness, fractures, lacerations, contusions and other non-life-threatening injuries. Next Level Urgent Care provides walk-in care for non life-threatening illnesses and injuries such as sprains, strains, fractures, lacerations, allergies, rashes and congestion issues. The company has locations in Austin (7 locations), Beaumont (2 locations), Houston... Read More »
PE-Backed Fast Pace Health Completes Investment in First Care Clinics
Fast Pace Health, a portfolio company of private equity firm Revelstoke Capital Partners, announced on July 20 that it has completed an investment in First Care Clinics, which manages urgent care clinics in Kentucky and Indiana. First Care Clinics will be rebranded as Fast Pace in the coming months. Terms of the deal were not disclosed. The combination creates a multi-specialty provider of rural healthcare and value-based care population health management services offering more than 3 million annual patient visits in Tennessee, Kentucky, Louisiana, Mississippi, Indiana and Alabama. Brentwood Capital Advisors LLC served as financial advisor and Waller Lansden Dorch and Davis, LLP was... Read More »
Akeso Occupational Health acquires MedWorks Medical Center
Akeso Occupational Health announced its acquisition of MedWorks Medical Center, bringing its total number of clinics in California to 14. Terms of the deal were not disclosed. Akeso will combine the resources of its Santa Maria, clinic with MedWorks to increase its occupational health coverage from northern San Louis Obispo County through southern Santa Barbara County. Founded in 1999, MedWorks Medical Center is an urgent care center in Templeton, California, located in in San Luis Obispo County. MedWorks serves a diverse group of local agricultural, hospitality and other industrial employers. Headquartered in Irvine, California, Akeso Occupational Health is a workplace health resource... Read More »
Tenet Healthcare Sells Urgent Care Business
Tenet Healthcare Corporation (NYSE: THC) is having a busy holiday season. Early in December, the Texas-based health system purchased a portfolio of 45 ambulatory surgery centers (ASCs) from SurgCenter Development for $1.1 billion. Now, Tenet Healthcare is unloading a bulk of its urgent care platform in a deal valued at $80 million in order to focus on its ASC business. FastMed Urgent Care, backed by ABRY Partners and BlueMountain Capital Management, is buying Tenet’s platform, which is operated under the CareSpot and MedPost brands and managed by Tenet’s United Surgical Partners International subsidiary. The platform has 87 centers in Arizona and Texas. Tenet... Read More »