Private-equity firm Warburg Pincus last week bought a majority stake in CityMD for an undisclosed price. Reuters said the deal valued the chain at
about $600 million
.
Who is the owner of CityMD?
Private equity firm Warburg Pincus
buys majority of urgent-care chain CityMD. Private equity giant Warburg Pincus has acquired a majority stake in CityMD, a growing urgent-care center chain with 68 centers in New York, New Jersey and Washington.
Who is the CEO of CityMD?
The urgent care centers provided symptomatic testing of COVID-19 at a time when most emergency rooms were strained for that and personal protective gear, according to current CEO
Dr. Jeffrey LeBenger
.
Are CityMD Doctors real doctors?
Unlike many urgent care centers, every CityMD location is staffed with a board-certified physician. This ensures that you will be receiving the top-quality medical care you deserve.
How many employees does CityMD have?
How many employees does CityMD have? CityMD has
1,001 to 5,000 employees
.
Is urgent-care a private company?
Since they provide health services to the public, urgent care centers must be operated under some kind of state-approved licensure. In California, they
may exist as a hospital outpatient department
, depending on a number of considerations.
Who owns Summit Health?
Jeffrey Le Benger, M.D.
An innovator and visionary, Jeffrey Le Benger is the chief executive officer of Summit Health, the physician-led, patient-centric network formed by the 2019 merger between Summit Medical Group, a multispecialty physician group, and CityMD, an urgent care provider.
Can I go to CityMD for stitches?
Does CityMD do stitches?
Yes
.
Can CityMD give IV?
Sorry! CityMD can
help you out with IV fluids, antibiotics, and nausea medications
, depending on your symptoms and diagnosis. In more serious cases, their doctors can evaluate for common bacteria, viruses and parasites that cause gastroenteritis.
Can CityMD prescribe medicine?
Yes
, our providers can provide a prescription in accordance with federal and state laws and when medically appropriate. Like an in-person visit, the prescription will be sent to your preferred pharmacy.
Does CityMD do EKG?
What is urgent care? An urgent care practice can supplement the services your primary doctor can provide, from extended office hours and short wait times to a more comprehensive suite of services available on-site than in most primary doctor’s offices (EKG, IV, x-rays, etc.).
What is it like working for CityMD?
You are often working long hours at a fast paced rate. The compensation is not very attractive, but the job opportunity is great for
starting medical professionals
. For students who’ve just graduated from college and are interested in going to med school, working at CityMD is probably the best place for you.
Are urgent cares profitable?
How Much Money Does the Urgent Care Industry Generate? Experts are projecting that the entire urgent care industry
will be worth more than $18 billion by
the end of 2017. With industry growth expected to be 5.8% each year from 2016-2018, you can see that urgent care franchises have a lot of potential.
How profitable are private hospitals?
Even though hospitals in the U.S. are paid an average of less than 30% of what they bill, their profits margins have
averaged around 8% in recent years
.
