Friday, July 27, 2012

PIC & New Investors Eye Expansion

Urgent care chain, Physicians Immediate Care (PIC), is now better equipped to increase its Midwest presence thanks to new investors LLR Partners, Wellpoint and former Walgreen's executive, Stanley Blaylock.  
Investor and new PIC President & CEO, Mr. Blaylock, expects the chain to grow from its current 20 clinics to over 100 in the next six years --- notably in Illinois, Indiana and Wisconsin.  Dr. John Koehler, one of the founders of PIC, will remain with the company as shareholder and Chief Medical Officer.  He and the investors recognize the growth potential of urgent care and according to Dr. Koehler, it is in "the sweet spot of what needs to be done in terms of controlling costs and increasing [insurance] access." >>Read more

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