Urgent care operator American Family Care (AFC) has inked an investment deal worth $1 billion with the private equity and real estate firm American Development Partners. The funds will be put to work expanding AFC’s presence around the country, with the expectation that 300 more franchises will open under the AFC banner (currently, there are 170). AFC is quick to note that the company will not change hands, and that it will continue to invest its own resources in developing franchises and wholly owned clinics. American Development Partners’ role will be to finance the acquisition and development of land for the urgent care centers, and to purchase equipment and provide working capital. Its layout will be repaid through lease payments from franchisees. The plan is to concentrate on states that AFC expects to have the most robust growth, including Florida, Illinois, and Texas.
American Family Care Lands Billion-Dollar Investment Deal