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Benchmark International Successfully Facilitated a Transaction Between Paramount Urgent Care, Inc. and HCA Healthcare.
November 9, 2022
Benchmark International has successfully facilitated a transaction between Florida-based Paramount Urgent Care, Inc. (“Paramount”) and HCA Healthcare, headquartered in Nashville, TN. Paramount operates six urgent care clinics in Central Florida, with locations in Clermont, The Villages, Oviedo, Orlando, Casselberry, and Windemere Villages.
Founded in 1968, HCA Healthcare is a Fortune 100 company operating approximately 200 hospitals and 2,000 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers, and physician clinics in 21 states and the United Kingdom. HCA’s acquisition of Paramount is the most recent in its recent expansion in Florida, including the January 2022 acquisition of MD Now and its network of 59 urgent care centers across the state.
The Paramount acquisition provides HCA with a network of high-volume urgent care centers in the key Central Florida and greater Orlando area markets. Meanwhile, the partnership with HCA provides Paramount’s team with a high-value-adding partner to further accelerate Paramount’s decade-plus of high revenue growth and operational expansion. In addition, HCA’s considerable scale and network effect will present immediate opportunities for Paramount moving forward.
“Benchmark International worked with Paramount’s leadership team to hit the market at the ideal time to optimize value for the founders,” commented Benchmark International Transaction Director William Sullivan. “We worked closely with our client to prepare this market opportunity, ultimately running a formal process that resulted in the perfect strategic partnership for this great company. We are very pleased with the outcome and look forward to following Paramount’s coming continued successes as part of the HCA Healthcare family.
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