What is Urgent Team?
Urgent Team operates as a comprehensive healthcare delivery platform, managing a diverse portfolio of brands including Urgent Team, Physicians Care, Sherwood Urgent Care, and Baptist Health Urgent Care. The company occupies a vital niche in the healthcare sector by providing walk-in, affordable medical services that bridge the gap between primary care and emergency room visits. Their service model encompasses a broad spectrum of care, ranging from acute injury and illness treatment to occupational health and wellness programs. By maintaining a decentralized yet cohesive network of centers, the company ensures that patients in the Southeast have reliable access to essential medical care, thereby reducing the burden on traditional hospital systems and enhancing overall community health outcomes.
How much funding has Urgent Team raised?
Urgent Team has raised a total of $68.1M across 4 funding rounds:
Private Equity
$25.8M
Unspecified
$35M
Private Equity
$5.3M
Debt
$2M
Private Equity (2012): $25.8M with participation from SV Life Sciences Advisers and River Cities Capital
Unspecified (2012): $35M led by RC Capital, Petra Capital Partners, and SV Life Sciences
Private Equity (2014): $5.3M supported by Petra Capital Partners, LLC, River Cities Capital Funds, and SV Life Sciences Advisers, LLP
Debt (2020): $2M featuring PPP
Key Investors in Urgent Team
RC Capital
RC Capital is a growth equity firm focused on building high-potential healthcare companies by leveraging the interplay of medical devices, healthcare services, and healthcare IT.
Petra Capital Partners
Petra Capital Partners is a private equity firm that operates with a specialized focus on providing growth-oriented capital solutions to lower middle market companies.
SV Health Investors
SV Health Investors is a specialist investment firm backing innovative health care and life science companies, partnering with founders and management to provide capital and sector expertise.
What's next for Urgent Team?
Looking ahead, the strategic focus for Urgent Team remains centered on operational excellence and the potential for further geographic penetration. Having secured significant capital through various private equity and debt instruments, the company is well-positioned to optimize its existing 51-center network while exploring new market opportunities. The ongoing support from institutional partners suggests a continued emphasis on scaling healthcare services that prioritize patient outcomes and operational efficiency. As the healthcare industry continues to evolve toward more consumer-centric, convenient care models, Urgent Team is poised to leverage its established brand equity and robust infrastructure to maintain its competitive advantage in the urgent care sector.
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