
Medspring.com
Walk in clinic when someone needs a immediate medical care.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | Growth Equity VC | ||
Total Funding | 000k |
USD | 2020 | 2021 | 2022 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
MedSpring Urgent Care was established in 2011 to develop and manage a network of walk-in medical centers across the United States. The company was co-founded by former WellCare CEO Heath Schiesser and Dr. Jon Belsher, who served as the Chief Medical Officer. Dr. Belsher, a serial physician entrepreneur with a background in Family Medicine, Internal Medicine, and Critical Care from the Mayo Clinic, was driven by the goal of increasing healthcare access and lowering costs. The business was conceived to address the gap between the long wait times for primary care appointments and the high expense of emergency room visits for minor ailments.
Operating as a chain of general clinics, MedSpring provided immediate care for a range of non-life-threatening injuries and common illnesses. Its services catered to patients needing quick attention for issues like sprains, cuts, burns, and infections. Each facility was equipped with on-site X-ray and lab capabilities, staffed by physicians and skilled medical professionals to ensure comprehensive care. The company's business model centered on offering convenient, high-quality medical services at a lower cost than an emergency department, with a strong focus on patient satisfaction, reflected in high patient ratings.
The company's headquarters was located in Austin, Texas, which served as the strategic hub for its national expansion. Backed by investors like Summit Partners, MedSpring grew its footprint to include major metropolitan areas such as Atlanta, Baltimore, Chicago, Dallas, and Houston. In January 2014, Fresenius Medical Care acquired the company, marking a significant milestone. Subsequently, in 2019, HCA Healthcare purchased 24 of the Texas-based MedSpring centers, which were then rebranded as CareNow Urgent Care. This series of acquisitions led to the integration of MedSpring's operations into these larger healthcare networks, concluding its journey as an independent entity.
Keywords: urgent care centers, walk-in clinics, outpatient services, healthcare services, minor emergency care, immediate medical care, non-life-threatening injuries, primary care alternative, healthcare network, medical clinics, Fresenius Medical Care, HCA Healthcare, CareNow Urgent Care, Summit Partners, Jon Belsher, Heath Schiesser, Austin healthcare, Dallas urgent care, Houston medical clinics, Chicago walk-in care, patient-focused care, convenient healthcare, affordable medical services, X-ray services, lab services, outpatient clinics