Houlihan Lokey Advises MD Now Urgent Care

Houlihan Lokey is pleased to announce that MD Now Holdings, Inc. (MD Now Urgent Care) has been acquired by Brentwood Associates from Brockway Moran & Partners, Inc. The transaction closed on August 1, 2018.

Founded in 2005, MD Now Urgent Care is the largest independent urgent care provider in Florida and offers a broad range of high-quality medical care, including urgent care services, diagnostics and testing, occupational medicine, and physical therapy services. The company's physician-led model allows clinics to provide patients with high-acuity medical services in an affordable, timely manner. Over the past 13 years, MD Now Urgent Care has grown from a single clinic into an established platform across Palm Beach, Broward, Miami-Dade, and Indian River counties, becoming an integral part of the communities it serves and developing a loyal patient base and exceptional reputation.

Brentwood is a Los Angeles-based middle-market private equity firm with a 30+ year history of investing in leading growth companies. Since its founding in 1984, Brentwood has invested in more than 50 portfolio companies with an aggregate transaction value of over $6 billion and extensive experience in the consumer and healthcare industries.

Brockway Moran is a private equity firm based in Boca Raton, Florida. Since its founding in 1998, Brockway Moran has raised over $1.3 billion of committed equity capital. Brockway Moran has completed approximately 100 acquisitions and created numerous sector-leading companies positioned for long-term success.

Having advised MD Now Urgent Care on its recapitalization by Brockway Moran in 2012, this transaction further demonstrates Houlihan Lokey's long-term client focus. The transaction also marks Houlihan Lokey's seventh transaction in the U.S. urgent care sector, further solidifying the firm's leadership position in this sector. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2017, the group ranked as the No. 1 advisor for U.S. healthcare M&A transactions under $1 billion by Thomson Reuters. Since 2014, Houlihan Lokey's Healthcare Group has closed more than 125 M&A healthcare transactions.

Houlihan Lokey served as the exclusive financial advisor to MD Now Urgent Care and assisted in initiating, structuring, and negotiating the transaction. 

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