Because larger urgent care facilities are looking for ways to grow their market share, manage costs, reduce overcrowded emergency rooms and create new revenue streams, smaller facilities are increasingly finding themselves to be takeover targets.
Unfortunately the smaller urgent care facilities are finding themselves at a disadvantage in negotiating terms with larger enterprises with greater resources at their disposal.
HJMT secured coverage for client Vertess, a merger and acquisition firm in Becker’s Hospital Review, a leading publication in the healthcare industry to offer their expertise on this issue.
Luis de la Prida, managing director of Vertess offered guidelines for small urgent care facilities that are approached by larger players in the healthcare industry. Specifically de la Prida outlined specific steps for small facilities to take to ensure they get the best deal possible.
According to de la Prida, with a these steps in mind, like knowing who is doing the actual acquisition and becoming educated on the process and terminology of the merger and acquisition process, small facilities can come out on top and out-negotiate their larger acquirers.