HCA Healthcare has acquired MD Now Urgent Care, expanding its market presence in Florida and enhancing its portfolio of urgent care services.

AcquirerTargetValueTypeClose Date
HCA HealthcareMD Now Urgent CareUndisclosedAcquisitionDecember 29, 2021

The deal was announced on January 5, 2022. Houlihan Lokey served as the financial advisor to both HCA Healthcare and MD Now Urgent Care. Brentwood Associates advised the seller.

Strategic Rationale

HCA Healthcare's acquisition of MD Now Urgent Care is aimed at bolstering its presence in the rapidly growing urgent care market within Florida, a state where it already operates 160 hospitals and more than 250 outpatient locations. The addition of MD Now’s 59 clinic locations across the Sunshine State supports HCA Healthcare's strategy to provide comprehensive healthcare services closer to patients.

Financial Context

The financial terms of the transaction were not disclosed by either party, indicating a negotiation that prioritized strategic alignment over public disclosure. However, the deal’s significance is underscored by the growing emphasis on ambulatory care in the U.S., particularly as more consumers seek convenient and cost-effective healthcare solutions outside traditional hospital settings.

Outlook

HCA Healthcare CEO Samuel Hazen stated that the addition of MD Now will further solidify HCA's market leadership by expanding its network footprint into high-demand areas where urgent care is increasingly sought after. The company sees this move as an investment in future growth, recognizing the shift towards consumer-driven healthcare.