M&A Deal Summary

HCA Healthcare Acquires MD Now Urgent Care

On January 4, 2022, HCA Healthcare acquired healthcare services company MD Now Urgent Care from Brentwood Associates, Golub Capital and Blue Sea Capital

Acquisition Highlights
  • This is HCA Healthcare’s 10th transaction in the Healthcare Services sector.
  • This is HCA Healthcare’s 15th transaction in the United States.
  • This is HCA Healthcare’s 2nd transaction in Florida.

M&A Deal Summary

Date 2022-01-04
Target MD Now Urgent Care
Sector Healthcare Services
Buyer(s) HCA Healthcare
Sellers(s) Brentwood Associates
Golub Capital
Blue Sea Capital
Deal Type Add-on Acquisition

Target

MD Now Urgent Care

West Palm Beach, Florida, United States
website
MD Now Urgent Care offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely, and affordable medical treatment for non-life-threatening injuries and illnesses 8 am-8 pm, 365 days per year, annually serving hundreds of thousands of patients with exemplary satisfaction ratings. MD Now Urgent Care was founded in 2005 and is based in West Palm Beach, Florida.

Search 193,448 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

HCA Healthcare

Nashville, Tennessee, United States

website


Category Company
Founded 1968
Sector Healthcare Services
Employees207,000
Revenue 60.2B USD (2022)
DESCRIPTION

HCA Healthcare is a national healthcare service provider. HCA operates general and acute care hospitals with a full range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by general, acute care hospitals, freestanding surgery centers, diagnostic centers, and rehabilitation facilities. HCA's psychiatric hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings. HCA Healthcare was formed in 1968 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 16 of 16
Sector (Healthcare Services) 10 of 10
Type (Add-on Acquisition) 8 of 8
State (Florida) 2 of 2
Country (United States) 15 of 15
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Steward Health Care - Five Utah Hospitals

Dallas, Texas, United States

Steward Health Care’s five Utah hospitals provide healthcare services in Arizona, Texas, Arkansas, Louisiana, Florida, Ohio, Pennsylvania, and Massachusetts.

Buy -

Seller(S) 3

SELLER

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $20 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.


DEAL STATS #
Overall 28 of 30
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Florida) 1 of 1
Country (United States) 26 of 28
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 L-Nutra

Los Angeles, California, United States

L-Nutra engages in the discovery, design and commercialization of nutrition programs and therapeutics that enhance human healthspan and longevity. L-Nutra aims to harness the latest research in healthy aging and food as medicine. L-Nutra’s signature products include ProLon, the first and only Fasting Mimicking Diet, which mimics fasting to enhance the body’s natural ability to rejuvenate itself and Fast Bar®, a premium nutrition bar formulated to provide nourishment while keeping the body in a fasting mode. L-Nutra was founded in 2009 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 Pacifica Beauty

Carpinteria, California, United States

Pacifica is a dreamy, vibrant, and trendsetting lifestyle brand that has been on a mission to make clean beauty more accessible to everyone using the most effective 100% vegan, cruelty-free, and plant-powered ingredients at the best prices. Pacifica Beauty was founded in 1996 and is based in Carpinteria, California.

Buy -
SELLER

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Lender
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.


DEAL STATS #
Overall 31 of 41
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 13 of 18
State (Florida) 3 of 3
Country (United States) 31 of 39
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Pentec Health

Glen Mills, Pennsylvania, United States

Pentec Health is a provider of specialty infusion services to patients who require access to complex pharmaceutical products and services outside of the hospital setting. Pentec Health was founded in 1983 and is based in Glen Mills, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 NTS

Anaheim, California, United States

NTS is a provider of product qualification testing, inspection, and certification services in North America. NTS serves the full range of performance-critical industries, including the civil aviation, space, defense, nuclear, telecommunications, and medical end markets. NTS was founded in 1961 and is based in Anaheim, California.

Sell -
SELLER
DESCRIPTION

Blue Sea Capital is a private equity firm focused on majority investments in middle-market aerospace, defense, healthcare, and industrial companies. Blue Sea will consider opportunities throughout North America with a focus on businesses with differentiated products/services. The Firm can commit up to $60 million in transactions valued up to $200 million. Blue Sea Capital was formed in 2013 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 6 of 6
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 1 of 1
State (Florida) 2 of 2
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Plasma Processes

Huntsville, Alabama, United States

Plasma Processes in an outsourced R&D organization solving materials problems for harsh NASA and government agency applications. Over nearly 30 years, the Company has expanded its capabilities and today is a turn-key provider for advanced materials, coatings, structures, and rocket nozzles with a world-class metallurgical laboratory for material analysis and characterization. It serves some of the most demanding applications such as hypersonic flight, spacecraft propulsion, rocket propulsion, and aeroengines. Plasma Processes was formed in 1993 and is based in Huntsville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 Specialty Smile Partners

Eau Claire, Wisconsin, United States

Specialty Smile Partners is a management services organization serving the orthodontics and pediatric dentistry sectors. The company provides world-class practice management solutions to a network of nationally renowned orthodontists and pedodontists across the United States, through a comprehensive set of business support functions, including billing and collections, marketing, financial and accounting services, benefits and payroll management, information technology, data analytics, vendor management and legal. Specialty Smile Partners is based in Eau Claire, Wisconsin.

Buy -