MD Now Welcomes Growth Capital Investment
MD NOW MEDICAL CENTERS WELCOMES GROWTH CAPITAL INVESTMENT
Brockway Moran & Partners, Inc. invests in leading Urgent Care business
West Palm Beach, FL- April 3, 2012 – MD Now Medical Centers, Inc. (MD Now) of West Palm Beach, Florida, a leading provider of urgent care medical services, announced today a growth capital investment from a private equity partner, Brockway Moran & Partners, Inc. (Brockway Moran & Partners), to position itself for continued growth.
Founded in 2004 by Dr. Peter Lamelas, MD Now operates multiple full-service, walk-in urgent care facilities, providing urgent care, extended hours primary care, occupational medicine, physical therapy and comprehensive healthcare services through a high acuity delivery model. The Company offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely and affordable medical treatment for non-life threatening injuries and illnesses. MD Now Urgent Care’s state-of-the-art medical centers are open 12 hours a day, seven days a week, accept most types of insurance and are always staffed by an on-site, licensed physician supported by a full medical team. MD Now is designated as one of the few Certified Urgent Care Centers in Florida by the Urgent Care Association of America.
Brockway Moran & Partners is a private equity firm with more than $1.3 billion of capital under management. The firm invests in growth-oriented middle market companies in partnership with exceptional management teams. Brockway Moran & Partners focuses on businesses with significant growth opportunities either through internal expansion, industry consolidation or innovative business strategies. The principals of the firm have a record of productively working with management teams to build companies into larger and more diverse enterprises. Brockway Moran & Partners invests in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 70 acquisitions.
“This partnership represents an important milestone in MD Now’s future growth plan toward the continued delivery of quality, accessible, friendly and affordable medical care to our patient community. Brockway Moran brings significant resources and expertise that will help us continue to expand the business, marked by a philosophy of collaborative partnership with management that will be beneficial to our company” – Peter Lamelas, MD, MBA, Founder and CEO, MD Now Medical Centers, www.MyMDNow.com
“MD Now’s differentiated delivery model and strong value proposition across its patient, payor and caregiver constituents represents a powerful combination for reducing healthcare system costs, improving access and delivering an enhanced patient experience. We are excited to partner with Dr. Lamelas and the MD Now team to support future growth and provide the associated value to a patient and payor community increasingly seeking higher quality care at a fundamentally lower cost in a consumer-driven approach” -J.R. Davis, Partner, Brockway Moran & Partners, www.brockwaymoran.com
Peter Lamelas, MD, MBA
CEO and Medical Director
MD Now Urgent Care Centers
2007 Palm Beach Lakes Blvd
West Palm Beach, FL 33409