Walk-in clinics are popping up in shopping malls and main streets across the United States and private equity is helping fund the expansion.
At least a dozen private equity firms have in the last few years plowed millions of dollars into urgent care clinics, which have become popular with people who do not have regular doctors or who like the convenience of their extended hours of operation.
Several private equity executives told Reuters they are eager for more acquisitions in this sector because they expect profits to grow as healthcare reforms boost the number of Americans with health insurance by more than 30 million over the next decade.
“If you think about where healthcare is headed, urgent care is very clearly part of the solution, said Stan Blaylock, a former executive at drug store chain Walgreen Co, who left to invest in and head the urgent care chain Physicians Immediate Care.
Read more HERE
Gee… and no government program made this happen. But, I’ll bet there’s one coming to make it more difficultt. -BK