M&A Deal Summary

FastMed Urgent Care Acquires NextCare Holdings

On December 13, 2018, FastMed Urgent Care acquired healthcare services company NextCare Holdings

Acquisition Highlights
  • This is FastMed Urgent Care’s 5th transaction in the Healthcare Services sector.
  • This is FastMed Urgent Care’s 5th transaction in the United States.
  • This is FastMed Urgent Care’s 3rd transaction in Arizona.

M&A Deal Summary
Date 2018-12-13
Target NextCare Holdings
Sector Healthcare Services
Buyer(s) FastMed Urgent Care
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)

Target

NextCare Holdings

Apache Junction, Arizona, United States
NextCare Holdings, Inc. is one of the nation’s largest providers of urgent care and occupational medical services, with an emphasis on customer service to ensure patients experience the highest level of care. NextCare Holdings operates 141 urgent care facilities in Arizona, Colorado, Kansas, Missouri, New Mexico, North Carolina, Oklahoma, Texas, Virginia, and Wyoming.

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Buyer(S) 1

Buyer

FastMed Urgent Care

Raleigh, North Carolina, United States
Category Company
Founded 2001
Sector Healthcare Services
DESCRIPTION

FastMed Urgent Care owns and operates 110 clinics in North Carolina providing a broad range of acute/episodic and preventive healthcare services 365 days per year. FastMed also provides workers' comp and other occupational health services at all of its clinics, and family medicine, sports medicine, and telemedicine services at select locations. FastMed has successfully treated nearly six million patients since opening its first clinic in 2005, and is the largest urgent care operator to be awarded the joint commission gold seal of approval for accreditation in healthcare quality and safety in ambulatory healthcare. FastMed Urgent Care was founded in 2001 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 5 of 6
Sector (Healthcare Services) 5 of 6
Type (Add-on Acquisition) 5 of 5
State (Arizona) 3 of 3
Country (United States) 5 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Texan Urgent Care

Bastrop, Texas, United States

Texan Urgent Care is a healthcare clinic that provides emergency medical care services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Tenet’s Urgent Care Platform

Dallas, Texas, United States

Tenet’s Urgent Care Platform is well-established with a reputation for high-quality medical care that provides superior patient service and adherence to the highest clinical standards.

Buy -
Mergr

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