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Methodist Healthcare announces agreement to buy 14 urgent care centers from FastMed and MedPost

Methodist Healthcare announced today it has signed an agreement to purchase 14 urgent care centers in Texas from FastMed and MedPost.

Once completed, the transaction will significantly expand Methodist Healthcare’s urgent care operations, which is currently comprised of six clinics. The agreement includes the following six FastMed clinics and eight MedPost locations:

UCC Name

Street

City/State

Cibolo

513 Cibolo Valley Drive, Suite 101

Cibolo, TX

Converse

8380 FM 78

Converse, TX

New Braunfels

160 Creekside Way, Suite 602

New Braunfels, TX

Bandera Road

9234 N Loop 1604, Suite 110

San Antonio, TX

Deerfield

16601 Huebner Road

San Antonio, TX

McCreless

4130 New Braunfels Avenue, Suite 112

San Antonio, TX

Nacogdoches Road

13909 Nacogdoches Road, Suite 111

San Antonio, TX

Potranco Road

9230 Potranco Road, Suite 108

San Antonio, TX

San Pedro Avenue

6841 San Pedro Avenue

San Antonio, TX

Stone Oak Parkway

20210 Stone Oak Parkway, Suite 101

San Antonio, TX

Thousand Oaks

2951 Thousand Oaks, Suite 104

San Antonio, TX

West Hildebrand

115 Angeles Drive, Suite 103

San Antonio, TX

Seguin

1347 East Court Street, Suite 1347

Seguin, TX

Kitty Hawk Road

902 Kitty Hawk Road, Suite 110

Universal City, TX

“Our mission of serving humanity to honor God by providing exceptional and cost-effective health care, accessible to all is at the forefront of everything we do,” said Dan Miller, president and CEO of Methodist Healthcare. “Making it easier for communities to connect with the Methodist-quality care they deserve is just one example of that.”

Dr. Michael Lane, chairman of the Methodist Healthcare Board of Governors agrees.

“The Methodist Healthcare Board approval of these fourteen Urgent Care Centers was an easy decision based on San Antonio’s rapid growth rate. Our expected 5-year growth rate is 5.2%, representing 138,470 new lives in this community. As the leading provider of health care in South Texas, we are obligated to keep up with the growth and health care needs of our patients and that includes expanding access points across the city, and beyond.”

The System’s half-owner, HCA Healthcare, also announced today the agreement to purchase urgent care centers across Texas with nine in Dallas, 10 in Austin, three in Houston, and five in El Paso. The acquisition positions HCA Healthcare as one of the nation’s leading providers of urgent care, now operating more than 270 locations in over 20 markets.

This transaction is expected to close this summer. Terms of the agreement were not disclosed.

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