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 Secures Growth Investment from Bain Capital Double Impact
Partnership to Support Expansion of Patient-Centric Care Model to New, Underserved Areas
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PORTSMOUTH, N.H., May 12, 2021 /PRNewswire/ ConvenientMD ( the Company ), New England s leading urgent care provider, today announced that it has secured an investment to support its continued growth from Bain Capital Double Impact, a leading social impact investor. The Company will continue to operate under its current management team, led by co-founder Gareth Dickens and President Dr. Mark Pundt. The partnership will position ConvenientMD to expand access to its differentiated, affordable and flexible urgent care facilities through both service line expansions designed to make healthcare more affordable and accessible, and opening new locations in underserved areas. Financial terms of the private purchase from current owner Starr Investment Holdings, LLC were not