NextCare Urgent Care Announces Recapitalization to Expand Business

MESA, Ariz., Oct. 23, 2012 /PRNewswire/ -- NextCare Urgent Care, one of the nation's leading providers of urgent care medicine, today announced the completion of a significant recapitalization including expanded senior credit facilities with BMO Capital Markets.

This recapitalization comes during a time of tremendous growth in the urgent care industry. According to the Urgent Care Association of America (UCAOA), approximately 600 new urgent care centers opened in 2011—nearly double from the year prior. The UCAOA also reports that 80 percent of clinics are seeing a significant increase in patient visits over the last year.

"We are extremely pleased about our new relationship with BMO Capital Markets.  This enables us to continue to provide the highest levels of customer care at each of our 69 clinics across the country," said John Julian, CEO of NextCare. "It also positions us for large-scale rapid growth as evidenced by our most recent openings and acquisitions in Arizona, Texas and Oklahoma, which added 12 new clinics to our portfolio in one month."

Julian also said that more growth can be expected from new clinic locations and additional acquisitions in the very near future.

Earlier this month, NextCare acquired Access Medical Centers in Oklahoma, which operates nine clinics in the Oklahoma City and Stillwater areas.

About NextCare

NextCare Urgent Care is one of the nation's largest privately-owned providers of urgent care and occupational medical services, with an emphasis on our comprehensive approach called Full Circle Care that ensures patients experience the highest level of care from all of our providers, from reception to recovery.

NextCare operates 69 urgent care facilities, in Arizona, Colorado, North Carolina, Ohio, Oklahoma, Texas and Virginia.

For more information, please visit our website or call 888-381-4858. You can also "like" us on Facebook and follow us on Twitter.

SOURCE NextCare Urgent Care