July 31, 2023
M&A | Tea Leaves
  • Urgent care center chain FastMed has signed another deal handing off many of its Southwest locations to a health system buyer. Arizona-based HonorHealth announced that it had signed a deal to buy out 26 urgent care centers it had been running jointly in the state with FastMed. Terms of the deal, set to close during the summer, were not disclosed. The nonprofit system said its purchase would add to the seven urgent care locations it runs independently and generally expand its operations across Arizona’s Maricopa County. The to-be-purchased locations will operate under the branding “HonorHealth Urgent Care,” according to the announcement. (Article here)