Warburg Pincus has announced it will acquire CityMD.
CityMD, founded in 2010, is an urgent care provider with more than 68 locations in the greater New York metropolitan area and Seattle.
Warburg Pincus, headquartered in New York, is a private equity firm that takes a long-term perspective and invest in businesses at all stages of development. It invests in healthcare and several other sectors.
The investment is intended to help accelerate CityMD’s expansion through new site openings and strategic acquisitions and partnerships.
Terms of the transaction were not disclosed.