ICV Partners has announced it has made a majority investment in Total Access Urgent Care in partnership with the company’s management.
Total Access Urgent Care, based in St. Louis, Mo., is a provider of urgent care and emergency department services. Founded in 2008, the company operates 26 locations and serves patients in the Midwest region.
ICV Partners, based in New York, is a private equity firm focused on lower middle market companies in healthcare and a few other sectors. Founded in 1998, ICV targets companies with revenues between $25 million and $300 million, EBITDA between $10 million and $40 million, and EBITDA margins of 10% or greater.
Terms of the investment were not disclosed.