Applied Equity announces a strong exit from ConvenientMD, an urgent care startup, via its holdings in Market Square Equity.
——————————- N.Y. firm invests in further ConvenientMD expansion Urgent care chain plans four more openings through 2018, more in 2019
November 20, 2018
ConvenientMD, the fast-growing, Portsmouth-based chain of urgent care centers, has received what it calls “a significant investment” from a New York investment firm. that will help fuel its continued growth and expansion around the Northeast.
The investment, by Starr Investment Holdings, is expected to help fuel ConvenientMD’s growth and expansion across the Northeast, the companies said.
The financial terms of the investment were not disclosed.
Since its inception in 2012, ConvenientMD has opened 12 locations, with nine in New Hampshire and three in Maine. The company is currently in the process of opening a new urgent care center in Bangor, Maine, followed by an expansion into the Massachusetts market, with clinics in Falmouth, Newburyport and Weymouth scheduled to open before the end of the year.
Additional growth is planned for 2019, officials said.
According to the company’s website, plans are underway to open a new locations in Londonderry, NH, Brunswick, Maine, and in the Massachusetts communities of Quincy and Plainville.
“We’ve developed a unique solution for revolutionizing the patient experience by providing convenient access to expert medical care at affordable rates,” said Gareth Dickens, ConvenientMD’s co-founder and executive chairman.