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FastMed, NextCare merging to form major urgent care provider

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FastMed, NextCare merging to form major urgent care provider

Urgent Care Holdings of America LLC, which does business as FastMed Urgent Care PC, agreed to acquire NextCare Inc.

Financial terms of the definitive agreement were not disclosed.

A combination of the two privately held companies would form of one of the largest urgent care providers in the U.S., FastMed said in a news release, with the combined company operating 251 clinics in 10 states.

The transaction, which is expected to be completed within the next 60 days, remains subject to regulatory approvals and other customary closing conditions.

Barclays is acting as FastMed's financial adviser, with J.P. Morgan Securities LLC advising NextCare.