Urgent Team Attracts New Capital Investment

(March 10, 2016) Urgent Team, a family of urgent care centers in Tennessee, Arkansas and Mississippi, recently received an investment of capital from Crestline Investors, Inc. (“Crestline”).

Crestline’s investment, in a combination of debt and equity, will help fund Urgent Team’s next round of expansion which will include freestanding de novo centers, strategic acquisitions, and further expansion with their joint venture partner Baptist Health in Arkansas.

“Urgent Team is pleased with the addition of Crestline to our other capital partners who believe in our mission and values: Petra Capital Partners, SV Life Sciences, and River Cities Capital Funds,” said Urgent Team CEO and Chairman Tom Dent.

Since 2008, the number of urgent care facilities has increased from 8,000 to 9,300, according to the Urgent Care Association of America (UCAOA) Benchmarking Survey 2015. No matter the name – urgent care, walk-in care, immediate care or convenient care – the focus is on treating patients quickly, affordably and in convenient locations. These centers treat patients who have an injury or illness that requires immediate care, but is not serious enough to warrant a visit to an Emergency Department. The distinguishing factors of urgent care are that medical care is delivered on a walk-in basis, with no appointment needed, and most are open 7 days a week with evening and weekend hours, making it convenient for families.

 “Urgent care centers not only help keep healthcare costs down for families and allow emergency departments to remain dedicated to patients who have the most critical health needs, but also provide an option for a delayed primary care appointment,” Dent explained. According to the UCAOA, up to 27 percent of all ED room visits could take place at an urgent care center, thus saving the patient time and money.

ABOUT CRESTLINE INVESTORS

Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm with approximately $10.3 billion of assets under management. Crestline specializes in credit and opportunistic investments, as well as hedge fund and beta solutions. The Opportunistic Investment Group within Crestline seeks to deliver flexible capital solutions to middle market companies in North America and Europe.  In addition to its Fort Worth, Texas headquarters, Crestline maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.

 

ABOUT URGENT TEAM

Urgent Team Walk-in Urgent Care is part of the Urgent Team Family of Urgent Care & Walk-in Centers, one of the Southeast’s largest independent operators of urgent and family care centers. The Urgent Team Family of Centers provides quality and affordable family healthcare at more than 89 locations locations under eight brands: Urgent Team (Georgia, Arkansas, Mississippi, and Tennessee); Physicians Care Walk-in Clinic (Alabama, Georgia, Tennessee); Huntsville Hospital Urgent Care (North Alabama); Ascension Saint Thomas Urgent Care (middle Tennessee); and Baptist Health Urgent CareSherwood Urgent Care and Washington Regional Urgent Care (Arkansas). Urgent Team’s walk-in centers provide a range of healthcare services including treatments for minor injuries and illnesses, occupational health, and primary and wellness care – seven days a week. In addition to walk-ins, patients can plan a same- or next-day visit online with Hold My Spot® or a Telemedicine visit.  Urgent Team’s company headquarters are located in Nashville, Tenn. For more information, visit UrgentTeam.net.