FastMed Urgent Care Acquires Carolina Quick Care
Largest Urgent Care Company in State Expands into Eastern North Carolina Market
RALEIGH, N.C., Nov. 17, 2014 /PRNewswire/ -- FastMed Urgent Care, the largest urgent care company in North Carolina and the fastest growing in the country, today announced the acquisition of Rocky Mount-based Carolina Quick Care ("CQC"), with seven locations positioned throughout eastern North Carolina, effective November 14, 2014.
"We are very excited that Carolina Quick Care is joining our rapidly growing FastMed family of urgent care centers throughout North Carolina," said Kevin Blank, FastMed Chief Executive Officer. "We were very interested in CQC not just as a result of the complimentary market locations in eastern North Carolina, but because we both share a mission of providing convenient, quality, affordable and personal care to everyone who walks into one of our clinics."
FastMed will integrate the CQC locations into the overall FastMed operation, including changing the name to FastMed Urgent Care, and upgrading locations and systems to comply with The Joint Commission quality and safety standards. FastMed intends to keep all seven CQC locations open and expects to grow in each of those markets. The acquisition also fits within the strategic initiative of expanding access to care for the millions of patients covered by Blue Cross Blue Shield North Carolina, under a unique partnership between BCBSNC and FastMed announced in 2012.
"FastMed and Carolina Quick Care share a culture of mutual respect and teamwork among all employees, including healthcare clinicians, customer service professionals and operational/corporate support staff. We are enthusiastic about the opportunity to work collaboratively with CQC to serve patients throughout eastern North Carolina," said Kyle Bohannon, President of FastMed.
Michael Feasel, M.D., Founder and President of CQC, added, "By joining FastMed Urgent Care, CQC will be able to grow and prosper in ways that simply were not available to us before. FastMed will also provide our employees with professional opportunities within an environment that matches what we have cultivated here at CQC."
About FastMed Urgent Care:
FastMed Urgent Care is an owner and operator of urgent care facilities with locations throughout North Carolina and Arizona. FastMed focuses on the delivery of non-appointment based medicine to the non-emergency patient market. The urgent care centers are open 365 days a year and are staffed with experienced and licensed physicians, physician assistants and nurse practitioners. FastMed clinics hold The Joint Commission's Gold Seal of Approval® for accreditation in compliance with the Joint Commission's national standards for health care quality and safety in ambulatory health care. For more information, please visit www.fastmed.com. FastMed is managed by an affiliated entity of one of the investment funds of the Comvest Group.
About the Comvest Group:
The Comvest Group, with $1.2 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time-critical and complex funding requirements. The firm includes seasoned, senior level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.5 billion of capital in over 105 public and private companies. For more information, please visit www.comvest.com.
Contact:
Reuel Heyden
Sr. Dir. of Communications | Marketing
FastMed Urgent Care
Phone: 919.550.0821x1016
Email: [email protected]
SOURCE FastMed Urgent Care
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