US-based company HCA Healthcare has announced the acquisition of MD Now Urgent Care in Florida from private equity investment firm Brentwood Associates.
As per the terms of the deal, HCA Healthcare purchased MD Now’s 59 urgent care centres in the region.
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HCA Healthcare CEO Sam Hazen said: “The addition of MD Now Urgent Care in Florida enhances our already strong capabilities in a rapidly growing state by providing convenient outpatient care options for our patients.
“It also connects MD Now patients to a comprehensive statewide network of care, including acute care and specialty services should they be needed.”
MD Now is said to be Florida’s largest urgent care provider. The deal is expected to further expand HCA Healthcare’s presence in the region.
Brentwood Associates managing director Ryan Foltz said: “MD Now has built a platform with strong patient awareness and an exceptional patient experience.
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By GlobalData“Its physician-led teams and state‐of‐the‐art clinics will continue to serve its communities and surrounding health systems by providing comprehensive urgent care and occupational healthcare services.”
HCA Healthcare currently operates more than 170 clinics across 19 markets.
Financial details of the deal have not been divulged by both the companies.
HCA Healthcare said that its HCA Florida Healthcare is serving more than 6.4 million patients annually at over 400 affiliated sites in Florida. It has invested nearly $3bn over the past three years.
Last November, HCA Healthcare unveiled plans to build three new acute care hospitals in Florida to cope with the increasing demand for healthcare services in the state.
