Leading Urgent Care Providers to Merge

December 14, 2018

FastMed Urgent Care and NextCare Holdings Inc have announced they will merge and become one of the largest urgent care providers in the United States. The two companies, currently known to be the nation’s leading urgent care providers, will have 251 clinics in 10 states following the close of the merger.

“We are excited about combining with NextCare because it will enable us to bring our unique model of high-quality, convenient, affordable and compassionate care to millions more consumers,” Web Golinkin, FastMed’s CEO, said in a statement.

Under the definitive agreement, FastMed Urgent Care will acquire 100% of NextCare Holdings Inc. Although the transaction is subject to regulatory approvals and other customary closing conditions, it is expected that the deal will be complete within the next 60 days.

“The combination of FastMed and NextCare is a continuation of Abry’s thesis to partner with best-in-class companies and experienced management teams in the healthcare sector that can increase access and reduce costs for both patients and third-party payors,” said Brent Stone, partner at Abry Partners, LLC.

According to a company press release, Abry and BlueMountain Capital Management, LLC are FastMed’s lead investors.

“The two companies have many complementary strengths, and we look forward to utilizing them for the benefit of our patients and the communities we serve,” Mr Golinkin concluded.

Julie Gould

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