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Download the article PDF: Private Equity Investment In Urgent Care By Number Of Centers 2025
Fifteen years after the initial private equity platform investments in NextCare, FastMed, and MD Now, the number of urgent care rooftops backed by private equity has grown to 18% of the nation’s 14,423 urgent care centers, as of May 12, 2025.
The total number of urgent care rooftops with private equity investment grew by 11% from 2,359 last reported by JUCM in April 2024 to today’s 2,622. Much of this growth has occurred organically and through smaller “bolt-on” acquisitions, as private equity-backed platforms have continued to add locations at a faster pace than independent and hospital-owned operators.
Significant events over the past year include the 2024 sale of 32 WellNow centers in Ohio to Hometown Urgent Care, Traverse Pointe Partners’ 2025 sale of 10 Greater Midwest Urgent Care centers (also in Ohio) to Bon Secours Mercy Health, and the 2025 sale of 18 NextCare centers in Oklahoma and New Mexico to Ardent Health. Hometown is independently owned, whereas Bon Secours Mercy Health and Ardent Health are hospital systems.
| Private Equity Investor | Locations | Platform Investments |
|---|---|---|
| Lorient Capital | 467 | American Family Care, Midwest Express Clinic |
| Revelstoke | 317 | Fast Pace Health |
| TPG | 304 | GoHealth Urgent Care |
| FFL Partners | 170 | WellStreet Urgent Care |
| Leonard Green & Partners, Ares Private Equity | 165 | WellNow Urgent Care |
| Enhanced Equity Partners | 145 | NextCare Urgent Care |
| Shore Capital Partners | 111 | Community Care Partners |
| Freeman Spogli | 96 | CRH Healthcare |
| Petra Capital Partners, Crestline Investors | 85 | UrgentTeam |
| Scopia, Jefferson River Capital | 85 | PM Pediatrics |
| Goldman Sachs | 75 | Xpress Wellness |
| ICV Partners | 70 | Urgent Care Group |
| Trinity Hunt Partners | 66 | MainStreet Family Urgent Care |
| Orangewood Partners | 61 | Exer Urgent Care |
| Kain Capital LLC | 48 | My Dr Now |
| Bain Capital Double Impact | 47 | ConvenientMD |
| The Catalyst Group | 47 | NextLevel Urgent Care |
| Onex Falcon, Crestline Capital | 46 | CareSpot Urgent Care |
| Summit Partners | 40 | AllCare Primary & Immediate Care |
| Great Hill Partners | 36 | Intuitive Health |
| Iron Path Partners | 31 | Emergence Health |
| Sverica International | 21 | MedFirst Urgent Care |
| Great Point Capital | 19 | Little Spurs Pediatric Urgent Care |
| Seven Hills Capital | 16 | ExperCare Urgent Care |
| NewSpring Capital | 15 | Vybe Urgent Care |
| Webster Equity Partners | 13 | MyTown Health Partners |
| McKinney Capital, Timberline Holdings | 8 | Urgent Care for Children |
| Cequel III | 7 | Springfield Urgent Care |
| Walnut Court Capital | 6 | LevelUp MD Urgent Care |
| City Ventures | 3 | Midlands Family Urgent Care |
| Praesidian Capital | 2 | Care+ Pediatrics Urgent Care |
