Physicians Immediate Care has been acquired by WellNow Urgent Care

Overview

Deal Type Mergers & Acquisitions
Our Role Sell-Side Advisor

Summary

Wyatt RitchieDavid Levine 

Physicians Immediate Care, a Midwest leader in urgent care and occupational health services, has been acquired by WellNow Urgent Care, one of the country’s fastest-growing urgent care providers. Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor to Physicians Immediate Care. 

WellNow is acquiring Physicians Immediate Care with the combined organization operating over 180 locations, expanding into Wisconsin, and increasing density within the greater Chicago market. Physicians Immediate Care’s senior leadership team, including Chairman and CEO, Stan Blaylock, will join WellNow’s senior leadership team, where they will continue to focus on the strategic growth and development of the business.

Founded in 1987, Physicians Immediate Care operates 55 locations in Illinois, Indiana, and Wisconsin, providing urgent care and occupational health services.  LLR Partners and Anthem Health acquired the company from the founders and grew the business into a leading provider in Illinois, Indiana and Wisconsin.

Founded in 2012 with its first location in Big Flats, NY, WellNow is part of the TAG The Aspen Group and one of the country’s fastest-growing providers of urgent medical care, virtual care, occupational health services and clinical research.  WellNow operates 128 centers across New York, Illinois, Ohio, Indiana, and Michigan.

Founded in 1998, TAG The Aspen Group is one of the nation’s largest consumer healthcare support organizations. TAG supports more than 1,200 independently owned practice locations in 45 states through its four healthcare brands: Aspen Dental®, ClearChoice Dental Implant Centers®, WellNow Urgent Care® and Chapter Aesthetic StudioSM. Combined, the brands serve more than 35,000 patients a day and more than 8 million patients each year.

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