M&A Deal Summary

WellNow Urgent Care Acquires Physicians Immediate Care

On July 7, 2022, WellNow Urgent Care acquired healthcare services company Physicians Immediate Care from LLR Partners

Acquisition Highlights
  • This is WellNow Urgent Care’s 2nd transaction in the Healthcare Services sector.
  • This is WellNow Urgent Care’s 2nd transaction in the United States.
  • This is WellNow Urgent Care’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-07-07
Target Physicians Immediate Care
Sector Healthcare Services
Buyer(s) WellNow Urgent Care
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

Physicians Immediate Care

Rockford, Illinois, United States
Physicians Immediate Care is an operator of urgent care, occupational medicine, physical therapy and employer services such as physicals and drug screening. Physicians Immediate Care was founded in 1987 and is based in Rockford, Illinois.

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Buyer(S) 1

Buyer

WellNow Urgent Care

Chicago, Illinois, United States
Category Company
Founded 2012
Sector Healthcare Services
DESCRIPTION

WellNow Urgent Care is a provider of urgent medical care, virtual care, occupational health services, and clinical research in the United States. WellNow Urgent Care was founded in 2012 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Primary Urgent Care

Utica, New York, United States

Primary Urgent Care is a provider of urgent care, occupational medicine, and telemedicine with two locations in Herkimer and Utica. Primary Urgent Care is based in Utica, New York.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 67 of 76
Sector (Healthcare Services) 5 of 5
Type (Add-on Acquisition) 41 of 47
State (Illinois) 3 of 3
Country (United States) 66 of 75
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Mortgage Coach

Corona, California, United States

Mortgage Coach helps lenders convert more leads to borrowers with interactive Total Cost Analysis (TCA) presentations that model the costs and benefits of mortgage loans over time. The company’s technology is used by lenders to compliantly deliver on-brand, consultative lending solutions at scale and improve borrower conversion. Mortgage Coach is based in Corona, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Midigator

American Fork, Utah, United States

Midigator is a fully-automated software platform to prevent, analyze and manage payment card chargebacks. Midigator was founded in 2013 and is based in American Fork, Utah.

Sell -
Mergr

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