MD Now Medical Centers, Inc.
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MD Now Medical Centers, Inc. - overview
Established
2004
Location
West Palm Beach, FL, US
Primary Industry
Healthcare
About
MD Now Medical Centers, Inc. provides accessible, on-demand healthcare services, including urgent care, preventive screenings, and telehealth consultations, enhancing patient experience by minimizing wait times and improving healthcare accessibility. MD Now Medical Centers, Inc. was founded in 2004 and is headquartered in West Palm Beach, US.
The company operates urgent care facilities and telehealth services, catering to patients’ immediate healthcare needs. In December 2022, MD Now was acquired by HCA Healthcare, Inc. from Brentwood Associates, with Keith Gordon remaining as Chairman and CEO and Kim Stukenborg as President. The company has made three deals, with the most recent deal occurring on December 31, 2021.
MD Now Medical Centers, Inc. primarily offers a comprehensive suite of healthcare services including urgent care consultations, preventive screenings, and telehealth services. These services are designed for individuals seeking immediate medical attention, families looking for preventive solutions, and employers wishing to provide healthcare benefits, thus facilitating convenience and efficiency in healthcare delivery across various urban markets. The company operates a revenue model based on direct-to-consumer transactions and partnerships with healthcare providers.
Revenue streams include service fees for consultations and subscription plans for telehealth access, allowing employers to provide healthcare benefits to employees. Typical transactions involve patients paying for virtual consultations or employers purchasing subscription packages for their workforce's access to healthcare services. Following its acquisition by HCA Healthcare, Inc. , MD Now Medical Centers, Inc.
aims to enhance its patient care offerings in Florida. While specific new products have not been detailed, the acquisition is expected to support strategic growth initiatives and enhance service delivery within the region. Future plans include leveraging the resources of HCA to expand operational capabilities and improve service efficiency, enhancing the overall patient experience.
Primary Industry
Healthcare
Sub Industries
Hospitals, Epidemiology, Diagnostic, Medical & Imaging Laboratories
Website
www.mymdnow.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
MD Now Medical Centers, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | MD Now Medical Centers, Inc. | - | ||||||||
| Secondary Buyout | Completed | MD Now Medical Centers, Inc. | - | ||||||||
| Growth | Completed | MD Now Medical Centers, Inc. | - |
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