Physicians Immediate Care LLC

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Physicians Immediate Care LLC - overview

Established

1987

Location

-, IL, US

Primary Industry

Healthcare

About

Physicians Immediate Care LLC is a healthcare provider specializing in urgent care services and occupational medicine, offering timely medical treatment for various conditions and employer health solutions. Founded in 1987 in the US, Physicians Immediate Care LLC operates as a healthcare service provider, primarily focusing on urgent care. The company was acquired by WellNow Urgent Care in July 2022 from LLR Partners and WellPoint, Inc. Stanley Blaylock serves as CEO, steering the company’s vision and operations toward enhanced healthcare delivery.


Physicians Immediate Care, now part of WellNow Urgent Care, delivers a comprehensive range of medical services primarily focused on urgent care and occupational medicine. Their core offerings include treatment for a variety of illnesses and injuries, as well as employment-related health services such as physicals, OSHA exams, and workers’ compensation injury care. Patients can access these services with or without appointments, enhancing convenience for individuals seeking immediate medical attention. WellNow's facilities, which number over 150 locations across various states including Illinois and Indiana, cater to a diverse client base that includes families, individuals, and businesses needing workplace health solutions.


The company emphasizes a commitment to providing compassionate treatment and high-quality healthcare, ensuring that services are easily accessible to the populations they serve. The revenue structure of WellNow Urgent Care is built around direct patient transactions and employer partnerships, reflecting a dual focus on individual consumers and businesses. Services are rendered through both walk-in visits and scheduled appointments, allowing for flexible access to care. Patients pay for treatments at the time of service, while businesses engage in partnerships for occupational health services, which may involve bulk agreements for employee health screenings and injury care.


The pricing model typically includes transaction fees associated with specific services rendered, although detailed pricing plans for individual services are not disclosed. The combination of urgent care for individuals and occupational medicine for businesses positions WellNow to tap into diverse revenue streams, addressing the healthcare needs of various demographic segments. Following the acquisition in July 2022, WellNow Urgent Care aims to expand its service offerings and geographic footprint. The company is focused on introducing new products related to occupational health services and enhancing its urgent care capabilities.


Plans for geographic expansion include entering additional markets across the Midwest by 2025, leveraging the latest funding round to support these initiatives.


Primary Industry

Healthcare

Sub Industries

Clinics/Outpatient Services, Healthcare IT

Website

www.physiciansimmediatecare.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Physicians Immediate Care LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedPhysicians Immediate Care LLC-
GrowthCompletedPhysicians Immediate Care LLC-

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