Q4-2018 Emergency Medical Services Update

The emergency medical services sector experienced consolidation at an accelerated rate in the latter part of 2018, particularly within the urgent care sector. In the fourth quarter, FastMed Urgent Care leveraged the financial resources of their private equity investor, Abry Partners, to acquire NextCare Holdings. With 250+ locations across 10 states, FastMed Urgent Care now operates more urgent care centers than any other provider in the U.S. Consolidation efforts are poised to continue into 2019, as FastMed’s market share only represents 4% of the 7,000 urgent care centers operating nationally.

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.