Private equity investment firm Brentwood Associates acquired MD Now Holdings from Brockway Moran & Partners. Golub Capital provided debt financing to support the acquisition.
Founded in 2005, MD Now Urgent Care is the largest independent urgent care provider in Florida and offers a broad range of high quality medical care, including urgent care services, diagnostics and testing, occupational medicine and physical therapy services. The Company’s physician-led model allows clinics to provide patients with high acuity medical services in an affordable, timely manner.
“We are excited to join Brentwood in this partnership. Brentwood’s deep expertise in growing multi-unit businesses, along with their ability to bring exceptional resources to bear, will be great assets as we seek to expand into new geographies while continuing to drive robust growth in our core markets,” said MD Now CEO Michael Holton. “Our team is committed to providing best-in-class care for our patients and maintaining the outstanding reputation and customer loyalty we share within our communities today.”
Steve Moore, partner at Brentwood, commented, “MD Now Urgent Care has become a trusted brand in the South Florida market by delivering high quality care and an exceptional in-clinic experience to its loyal patient base. The company’s data-driven approach to operations has created an extraordinary platform for future growth, through both de novo clinic openings and strategic acquisitions.”
Houlihan Lokey served as advisor, and Peter W. Klein and Jones Day as legal counsel to MD Now Urgent Care. Financo served as advisor and Kirkland & Ellis as legal counsel to Brentwood.
