Practice Management
Sentara Health has acquired full ownership of Velocity Urgent Care, according to a press release. The hospital system has been operating Velocity as a joint venture for more than 6 years, and with the acquisition, has plans to open a new location in Elizabeth City, North Carolina, early next year. With nearly 200 employees, the Velocity network of centers currently serves patients in 17 locations in Virginia. The integration aims to enhance patient access and …
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Blue Cross and Blue Shield of North Carolina (Blue Cross NC) has agreed to acquire more than 50 North Carolina-based locations of FastMed. The pending acquisition is set to close in early 2024, and once the deal is finalized, FastMed would operate independently from the not-for-profit Blue Cross NC. The Blues plan has been a non-controlling minority investor in FastMed since 2012, and it will acquire only FastMed’s North Carolina locations. FastMed also provides telehealth, …
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Urgent message: Urgent care’s success in delivering a retail healthcare experience has attracted the attention of private equity and hospital investors; understanding the deal timeline is an essential first step for an urgent care operator interested in buying or selling a business. Alan A. Ayers, MBA, MAcc is Vice President of Strategic Initiatives for Practice Velocity, LLC and Practice Management Editor of The Journal of Urgent Care Medicine. Introduction Urgent care centers are popular among …
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U.S. HealthWorks continues to invest heavily in its Florida occupational medicine business, more than doubling its stake there by buying Lakeside Occupational Medical Centers, which operates 14 centers in the Tampa Bay, Lakeland, and Orlando areas. Once the deal is finalized, U.S. HealthWorks will have 27 locations in Florida; they’ll be among 244 medical offices and onsite clinics in 21 states. That makes it one of the largest occupational health and urgent care operators in …
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