FASTMED's partnership last Spring with private equity firm ABRY was expected to spur the urgent care operator's growth with an influx of capital and management talent. Hats off to FastMed for its initial foray into the Lone Star State with the December acquisition of Texas Urgent Care. As one of the fastest growing urgent care organizations, FastMed added Texas Urgent Care's 14 clinic locations in the Austin, San Antonio, Tomball and Waco metropolitan areas.
Former Texas Urgent Care owner, Dr. Ashish Singhal noted a shared commitment to high quality patient care and is "…excited to develop the preeminent urgent care platform across Texas."
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Related:
FastMed Partners with ABRY - Expansion Expected
Private equity firm, ABRY, is set to acquire FastMed, the second largest independent urgent care organization in the U.S. The acquisition will include FastMed's 87 clinics and the corporate offices in North Carolina and Arizona. Currently, FastMed employs more than 1,100 - which include physicians, physician assistants and nurse practitioners. FastMed CEO, Kevin Blank noted:
"The additional capital and management talent that ABRY provides will allow us to significantly expand our geographic footprint and grow organically as well as through targeted acquisitions…."
The transaction is expected to close in the second quarter, 2015. >>Read more
