Starting Jan. 1, Anthem members will also have access to same-day and next-day appointments at all 25 ConvenientMD urgent care clinics locations in Maine.
PORTSMOUTH Gareth Dickens sees growth for ConvenientMD as wide and deep: Wide as in the addition of up to 10 new urgent care centers annually over the next several years, deep as in offering a greater variety of health services.
Dickens, ConvenientMD’s chairman and chief executive officer, said fuel for the expansion, which could also include the acquisition of competing urgent care centers in the region, will come from an infusion of investment money from Bain Capital Double Impact.
In May, controlling interest in ConvenientMD was acquired by Bain Capital Double Impact from Starr Investment Holdings.
“The Double Impact team only invests in companies that are extremely mission-based and have social outcomes to be achieved,” Dickens said. “They’re focused on environmental sustainability, health care access and affordability, and education and workforce development. ConvenientMD is just a perfect investment for them on the health care access and affordability theme.”
ConvenientMD, a New Hampshire-based chain of walk-in health clinics including six that have sprouted in Maine over the past four years, has a new investor.
The social impact arm of global investment firm Bain Capital has acquired a share of ConvenientMD previously held by Starr Investment Holdings, according to a news release Wednesday.
Terms of the transaction were not disclosed. Bain Capital’s Double Impact business typically invests $25 million to $75 million in new portfolio companies, according to a ConvenientMD spokeswoman.
The investment will allow ConvenientMD to grow through “both service line expansions designed to make health care more affordable and accessible, and opening new locations in underserved areas,” the company said in the release.