Investment Summary

Warburg Pincus Invests In CityMD

On April 18, 2017, private equity firm Warburg Pincus invested in healthcare services company CityMD

Investment Highlights
  • This is Warburg Pincus’ 18th transaction in the Healthcare Services sector.
  • This is Warburg Pincus’ 172nd transaction in the United States.
  • This is Warburg Pincus’ 11th transaction in New York.
Investment Fate
  • CityMD was sold to a strategic buyer in 2022.

Investment Summary

Date 2017-04-18
Target CityMD
Sector Healthcare Services
Investor(s) Warburg Pincus
Deal Type Growth Capital

Target

CityMD

New York, New York, United States
website
CityMD is an urgent care provider founded by a passionate group of emergency medicine physicians, CityMD's mission is to serve its communities by providing quality medical care through convenient access and an exceptional experience. The company's unwavering commitment to treating everyone with respect and genuine kindness while offering exceptional services and a cost-effective alternative to the ER. CityMD was founded in 2010 and is based in New York City.

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Investor(S) 1

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 334 of 475
Sector (Healthcare Services) 18 of 20
Type (Growth Capital) 109 of 157
State (New York) 11 of 21
Country (United States) 172 of 234
Year (2017) 11 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 Avaloq Group AG

Zürich, Switzerland

Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through the business process as a service (BPaaS) and software as a service (SaaS) along with on-premise solutions. Avaloq's vision for the future of wealth management is to maintain the human relationship an investor has with an advisor, to enhance the relationship through technology, and to increase engagement and satisfaction. The democratization of wealth management will allow more people to have access to a greater quantity and quality of investment strategies and advice that was once reserved for ultra and high net worth individuals only. Avaloq Evolution was formed in 1985 and is based in Zürich, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-13 GHX

Louisville, Colorado, United States

GHX is a provider of cloud-based supply chain management technology and services in order to help enable better patient care and savings by maximizing automation, efficiency, and accuracy of business processes. GHX offers healthcare providers and suppliers an open and neutral electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, and other supply chain-related tools and services. GHX was formed in 2000 and is based in Louisville, Colorado.

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