Excellere Partners

Key Information

Company Name
MedExpress Urgent Care

Industry
Healthcare Services

Company Headquarters
Morgantown, WV

Investment Date
June 2007

Website
www.MedExpress.com

Portfolio : MedExpress Urgent Care

Overview
MedExpress Urgent Care (“MedExpress”) is a leading provider of outpatient urgent care services. It currently operates urgent care centers in Pennsylvania, West Virginia, Colorado, and Florida. MedExpress delivers high-quality urgent care, including digital X-ray, laboratory work, EKGs, IV therapy, and minor surgery, and provides patients a greater level of convenience and flexibility than emergency rooms or primary care physicians. The clinics always have physicians onsite and are open daily to deliver flexible, efficient, and fast care.

Top Down Investment Thesis
Urgent care is an emerging model within the U.S. health care system. It is based on improved access to care delivered in a timely and cost effective manner. Many emergency departments have long wait times, and an antiquated primary care system leaves patients waiting days and sometimes weeks for an appointment. Urgent care provides a convenient and affordable health care solution for patients who need timely, high quality care. A typical urgent care center visit costs approximately 25 percent of a similar visit to a hospital emergency room. Because most visits to emergency departments are not for life threatening reasons, urgent care centers reduce healthcare costs significantly.

Buy and Build Strategy
MedExpress founders completed a recapitalization with Excellere in June 2007. Since then MedExpress has expanded rapidly, acquiring complementary urgent care companies, opening new centers and expanding into numerous states. MedExpress currently seeks to acquire other companies to gain footholds in new strategic markets or improve the company’s existing market.

To learn more about MedExpress, please call David Kessenich at (303) 765-2405 or Ryan Glaws at (303) 765-2404.