Deal Details
FastMed Arizona Operations Is Acquired by HonorHealth
Summary
FastMed Urgent Care (“FastMed”) recently announced its FastMed Arizona Operations have been acquired by HonorHealth. The terms of the transaction have not been disclosed.
Baird served as the lead financial advisor to FastMed Urgent Care on this transaction.
About
FastMed is one of the nation’s largest urgent care providers, with nearly 200 clinics in Arizona, Florida, North Carolina and Texas. Under three brands, FastMed | CareSpot | MedPost, they provide a broad range of acute/episodic, preventive and occupational healthcare – in its clinics and via telemedicine – as well as family medicine at selected clinics. FastMed is one of the few urgent care providers in the nation that has earned The Joint Commission’s coveted Gold Seal of Approval® for quality, safety and infection control in ambulatory healthcare. FastMed is headquartered in Scottsdale, Arizona.The Arizona operations of FastMed include 26 urgent care centers. The purchase will add to the seven urgent care locations HonorHealth runs independently and generally expand its operations across Arizona’s Maricopa County. The purchased locations will operate under the branding “HonorHealth Urgent Care.”
HonorHealth is a non-profit, local community healthcare system serving an area of 1.6 million people in the greater Phoenix area. They operate a network of hospitals and healthcare centers. HonorHealth was formerly known as Scottsdale Healthcare Corp. and changed its name to HonorHealth in March 2015. The company was incorporated in 1962 and is based in Scottsdale, Arizona.
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- Date
- August 2023
- Company
- FastMed Urgent Care
- Transaction
- M&A - Sellside
- Sectors
- Healthcare
- Verticals
-
Provider Services
- Target Geography
- North America
- Acquiror Geography
- North America
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