Reuters: Private Equity Funds Rapid Growth of Walk-In Clinics

March 21, 2013

LLR’s investment in Physicians Immediate Care was highlighted in a Reuters story on private equity helping to fuel the expansion of walk-in urgent care clinics across the U.S.

“‘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… Private equity firms say they help clinics standardize procedures and consolidate overhead costs like billing. Scott Perricelli of LLR Partners said his firm also spends a lot of time helping clinics look for new branch locations and recruit doctors – two tasks physicians are usually too busy to tackle.”

Read the complete Reuters story here.