Add-on Acquisition • Healthcare Services

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 Context
  • This is Goldman Sachs Asset Management’s 3rd transaction in the Healthcare Services sector.
  • This is Goldman Sachs Asset Management’s 16th transaction in the United States.
  • This is Goldman Sachs Asset Management’s 1st transaction in Oklahoma.

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M&A Deal Summary

Date May 23, 2024
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 Company

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 Overview 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 Context for Buyer #
Overall 19 of 24
Sector: Healthcare Services 3 of 4
Type: Add-on Acquisition 8 of 11
State: Oklahoma 1 of 1
Country: United States 16 of 20
Year: 2024 2 of 6
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 Profiles 2

SELLER
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 Context for Seller #
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-22 Life Science Connect

Horsham, Pennsylvania, United States

Life Science Connect is a digital media company that strengthens connections across life science communities to accelerate research, development, manufacturing, and the application of life science innovations. Life Science Connect is based in Horsham, Pennsylvania.

Buy -
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 Context for Seller #
Overall 2 of 5
Sector: Healthcare Services 1 of 2
Type: Add-on Acquisition 1 of 3
State: Oklahoma 1 of 1
Country: United States 2 of 5
Year: 2024 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Animal Health Partners

Las Vegas, Nevada, United States

Animal Health Partners is a provider of veterinary services. The company offers veterinary services, laboratory, radiology, surgery, dentistry, pharmacy, and wellness plans providing customers with high-quality pet care services. Animal Health Partners is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Atomic Data

Minneapolis, Minnesota, United States

Atomic Data is a IT services company providing custom solutions for complex enterprise clients such as managed IT services, infrastructure engineering, datacenter hosting and 24×7 monitoring. Atomic Data was founded in 2001 and is based in Minneapolis, Minnesota.

Buy -