Private Equity Conversations with Fexingo · 2026-07-04 · 10 min
In this episode of Private Equity Conversations with Fexingo, Lucas and Luna dive into the roll-up of urgent care centers - a sector where PE firms have invested over $15 billion in the past five years. They focus on the case of GoHealth Urgent Care, which merged with CityMD in 2019 to create a 250-plus location chain backed by multiple PE firms. The hosts break down the economics: how urgent care clinics generate high EBITDA margins (20-25%) by replacing expensive ER visits, and why PE sees them as a 'recession-resistant' asset. They also explore the tension between rapid expansion and quality of care, and what happens when a PE-backed chain gets sold to a larger player. No prior episode has covered this specific vertical - urgent care centers sit at the intersection of healthcare services and real estate, making them a unique target for PE consolidation. #PrivateEquity #UrgentCare #HealthcareRollUp #GoHealth #CityMD #PEInvesting #EBITDA #Consolidation #RetailHealth #RecessionResistant #Buyouts #LongHoldInvesting #Finance #Business #HealthcareM&A #InvestingPodcast #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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