Urgent Care Startup Funding
Hello Everyone,
I apologize for any missteps in terms of foru/posting or community ethics - or if I'm even in the right place to be asking this question, for that matter. I'm currently starting an urgent care center with one physician partner at the moment and in need of additional capital. We would like to keep additional physician ownership at a minimum in effort to decrease bureaucracy and streamline operations. Therefore, I've been exploring private investors and PE firms, however, I've been unable to locate a PE firm that focuses on small scale, single-site facilities with plans for future growth and expansion of facilities and services. Does anyone know of a PE firm who might be suitable for this type of investment. The PE firm doesn't necessarily have to be healthcare-specific, either, as they can be invested in other industries, as well. Thanks, everyone!
PE highly unlikely to fund this. Not because it's a bad business (idea) but because it has no history of cash flow. There are some funds that will do platform deals, backing a management team to build something up quickly, but those tend to be very specialized and led by a founding team with a sterling history of successful buildups.
How much capital do you need? What's different about your urgent care center? How big can you or do you want to get it?
Your best best is probably friends/family, and or local (and unaffiliated) physicians.
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