HCA Healthcare is planning an expansion to its Richmond-area operations through the acquisition of a local chain of urgent care centers.
The hospital system has a deal pending to acquire BetterMed, which was founded in 2011 and is headquartered in Scott’s Addition. HCA Capital Division President Tim McManus confirmed the deal in a prepared statement this week.
“We recently signed an agreement with BetterMed and are excited about the possibility of helping them continue to serve our community through our expertise and network of care. This agreement is not final and more steps are required before completion,” he said. “We look forward to working closely together to support their efforts in our communities.”
The deal is expected to include all 12 of BetterMed’s urgent care centers. The company has eight clinics in Central Virginia, located in Short Pump, Regency, Mechanicsville, near Willow Lawn, Ashland, near Chester, near Colonial Heights and Midlothian. It also has two clinics in the Fredericksburg area and two in North Carolina.
The acquisition is expected to close in late summer, BetterMed CEO Mark Johnson said.
Whether BetterMed would continue to operate under its own brand and how the company’s leadership would be affected by the acquisition was still being hammered out, Johnson said. He declined to comment further on the deal.
HCA didn’t respond to requests for further comment.
Terms of the pending deal weren’t disclosed.
The pending acquisition of BetterMed follows HCA’s acquisition last year of MD Now Urgent Care, a group of 59 urgent care centers in Florida.
The HCA Capital Division consists of HCA’s operations in Virginia, Kentucky, Indiana and New Hampshire.
HCA’s Richmond-area hospitals are Chippenham Hospital, Henrico Doctors’ Hospital, Johnston-Willis Hospital, Retreat Doctors’ Hospital and Parham Doctors’ Hospital. HCA also operates other medical facilities in the region such as several free-standing emergency centers.
In other recent local health care moves, Bon Secours broke ground on a new behavioral health office in the East End of Richmond and VCU Health opened a new downtown adult outpatient facility late last year.