M&A Deal Summary

Goldman Sachs Asset Management Acquires Xpress Wellness Urgent Care

On May 23, 2024, Goldman Sachs Asset Management acquired healthcare services company Xpress Wellness Urgent Care from Latticework Capital Management and Resolute Capital Partners

Acquisition Highlights
  • This is Goldman Sachs Asset Management’s 2nd transaction in the Healthcare Services sector.
  • This is Goldman Sachs Asset Management’s 14th transaction in the United States.
  • This is Goldman Sachs Asset Management’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2024-05-23
Target Xpress Wellness Urgent Care
Sector Healthcare Services
Buyer(s) Goldman Sachs Asset Management
Sellers(s) Latticework Capital Management
Resolute Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
McGuireWoods (Legal)

Target

Xpress Wellness Urgent Care

Oklahoma, Oklahoma, United States
Xpress Wellness Urgent Care is an owner and operator of urgent care providers to secondary markets. Xpress Wellness Urgent Care provides a number of services to pediatric and adult patients, including primary care, workers’ compensation, occupational medicine, and sports medicine. Xpress Wellness Urgent Care was founded in 2013 and is based in Oklahoma City.

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Buyer(S) 1

Buyer

Goldman Sachs Asset Management

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.

DEAL STATS #
Overall 17 of 18
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (Oklahoma) 1 of 1
Country (United States) 14 of 15
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Coal and Coke Merchants

Harrogate, United Kingdom

Coal and Coke Merchants help public and private sector businesses understand and manage their environmental risks, reducing the impact to the environment, their operation and their reputation. Coal and Coke Merchants focus on consulting, preventing and responding to your environmental risks, so you can focus on your customers. Coal and Coke Merchants was founded in 1926 and is based in Harrogate, United kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 Sepro

Carmel, Indiana, United States

SePRO is dedicated to discovering and developing sustainable solutions. It provides plant protection and plant management products and services that fit specialized market needs. The company acquires, develops, manufactures, and markets value-added products and services that satisfy the unique needs of its customers. Sepro was founded in 1994 and is based in Carmel, Indiana.

Buy -

Seller(S) 2

SELLER

Latticework Capital Management

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 550M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Latticework Capital Management is a private equity group focused on the healthcare sector. The Firm looks to make control investments in middle-market companies in partnership with experienced management teams to execute customer focused acquisition strategies. Latticework Capital Management was formed in 2015 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-25 Institutes of Health

San Diego, California, United States

Institutes of Health is a multi-disciplinary workers’ compensation treatment provider focused on patients suffering from complex and chronic conditions. Institutes of Health is based in San Diego, California.

Buy -
SELLER

Resolute Capital Partners

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Resolute Capital Partners is a private equity firm that invests in a variety of industries and situations across the US. Resolute Capital Partners is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 3
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Beyond Healthcare

Toledo, Ohio, United States

Beyond Healthcare is a provider of Partial Hospitalization (PHP) and Intensive Outpatient (IOP) behavioral health services to adolescents between ages 11 to 17 and their families. Beyond Healthcare was founded in 2021 and is based in Toledo, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Array

Greenwood Village, Colorado, United States

Array is a provider of live event technology focused on audience engagement and associated data and analytics. Array was founded in 2003 and is based in Greenwood Village, Colorado.

Sell -
Mergr

Product

Company

Legal