Urgent care operator CityMD’s steady expansion in the New York metropolitan area has made it an appealing prospect for private equity, with Warburg Pincus LLC said to be putting down $600 million to bring it into its healthcare fold. CityMD has some 68 locations currently, after starting with a single New York City center in 2010. The company bought one of its competitors, Premier Care, but also built new locations as part of its growth strategy. CityMD will join Warburg Pincus’ portfolio of healthcare companies, which includes Alignment Healthcare, ComplexCare Solutions, and Evercare.
Private Equity Stake in Urgent Care Grows with CityMD Acquisition