HealthCap Completes Follow-On Capitalization in Urgent Care for Kids
Urgent Care for Kids Positions for Expansion with Increased Investment from HealthCap
DALLAS (October 2, 2012) - HealthCap, a Dallas-based private equity company, has increased its investment in Urgent Care for Kids by approximately 160 percent. This additional investment and vote of confidence by HealthCap illustrates that the Urgent Care for Kids model for delivering enhanced healthcare services to children in its selected markets is both effective and meeting the needs of the patients. Further leveraging the relationship, Urgent Care for Kids will be utilizing additional HealthCap corporate resources while HealthCap Managing Partner Jason K. Dodd will be added to the Urgent Care for Kids Board of Directors.
“We are very excited to expand our relationship with HealthCap as their increased investment and expertise in growing healthcare businesses will give us the resources needed to open up additional locations across DFW and Texas as well as continue to provide top notch healthcare services for our pediatric patients,” said Brian White, CEO for Urgent Care for Kids.
As the demand for convenient after-hours medical care continues to increase but the amount of pediatric specialized facilities remains low, Urgent Care for Kids sees multiple expansion opportunities available in the coming months. Several local markets have been identified for growth.
“Parents deserve to give their kids quality medical care by a pediatrician outside of the 9 to 5 timeframe and with this expanded relationship with HealthCap, we will be able to provide those services to many more families, said White.”
About Urgent Care for Kids
Urgent Care for Kids is a Texas-based, early stage healthcare company capitalizing on a large and opportunistic niche in the healthcare market. With strategic locations in Texas, Urgent Care for Kids provides after-hours urgent health services for children 18 years and under. They plan to continue growth in Texas and potentially to other underserved markets all across the United States. HealthCap provided start-up capital for the company. For more information about Urgent Care for Kids, please visit urgentcarekids.com
About HealthCap
HealthCap is a private equity firm that specializes exclusively in providing creative solutions to the capital and strategic growth needs of medical businesses and healthcare facilities. Since 1996, HealthCap and its predecessor entities have made approximately $1.1 billion in healthcare sector investments and delivered exceptional returns to its investors. HealthCap serves rapidly growing businesses and leading medical providers specializing in healthcare services, outpatient therapies, acute and sub-acute hospitals, and seniors housing & long term care. For more information, please visit healthcappartners.com