Urgent care center operator Urgent Cares of America Holdings, based in North Carolina, has purchased an Arizona urgent care company in the first acquisition in its strategy to build a national group of urgent care clinics.
Financial terms of UCA’s deal to acquire Gilbert, Arizona-based Tri-City Express Care were not disclosed. The Arizona urgent care centers operate as Urgent Care Express. UCA is the holding company for Raleigh Urgent Care Network, a Clayton, North Carolina group of nine urgent care centers primarily in the Raleigh metropolitan area.
UCA said it does not plan wholesale changes to UCE clinics. UCA CEO John Randazzo said in a prepared statement that the company chose Urgent Care Express because ’we believe in the Arizona market and we believe in the way UCE serves its patients so well.’
UCA was purchased last October by New York-based private equity firm The Comvest Group. When the deal was announced, the firm said it planned to grow the company beyond North Carolina’s borders. The Comvest Group says it has invested more than $2 billion in capital in more than 200 public and private companies.
By Frank Vinluan
Frank Vinluan is the North Carolina Bureau Chief for MedCity News.More posts by Author
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