Brockway Moran & Partners Invests in MD Now Medical Centers

Brockway Moran & Partners, a Florida-based private equity firm, in partnership with Dr. Peter Lamelas, has backed MD Now Medical Centers, a provider of urgent care medical services. Headquartered in West Palm Beach, Florida, MD Now operates multiple full-service, walk-in urgent care facilities.

PRESS RELEASE

Brockway Moran & Partners, Inc. (“Brockway Moran & Partners”), a Florida-based private equity firm, announced today that it has, in partnership with Dr. Peter Lamelas, made a significant investment in MD Now Medical Centers, Inc. (“MD Now” or the “Company”), a leading provider of urgent care medical services, to position the Company for continued growth.

Headquartered in West Palm Beach, Florida, MD Now operates multiple full-service, walk-in urgent care facilities, providing urgent care, extended hours primary care, occupational medicine, physical therapy and comprehensive healthcare services through a high acuity delivery model. The Company offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely and affordable medical treatment for non-life threatening injuries and illnesses. MD Now’s state-of-the-art medical centers are open 12 hours a day, seven days a week, accept most types of insurance and are staffed by an on-site, licensed physician supported by a full medical team. The Company is designated as one of the few Certified Urgent Care Centers in Florida by the Urgent Care Association of America.

“This partnership represents an important milestone in MD Now’s future growth plan toward the continued delivery of quality, accessible, friendly and affordable medical care to our patient community,” said Dr. Peter Lamelas, MD, MBA, Founder and CEO of MD Now. “Brockway Moran brings significant resources and expertise that will help us continue to expand the business, marked by a philosophy of collaborative partnership with management that will be beneficial to our company.”

J.R. Davis, Partner at Brockway Moran & Partners, added, “MD Now’s differentiated delivery model and strong value proposition across its patient, payor and caregiver constituents represents a powerful combination for reducing healthcare system costs, improving access and delivering an enhanced patient experience. We are excited to partner with Dr. Lamelas and the MD Now team to support future growth and provide the associated value to a patient and payor community increasingly seeking higher quality care at a fundamentally lower cost in a consumer-driven approach.”

About Brockway Moran & Partners:

Brockway Moran & Partners is a private equity firm with more than $1.3 billion of capital under management. The firm invests in growth-oriented middle market companies in partnership with exceptional management teams. Brockway Moran & Partners focuses on businesses with significant growth opportunities either through internal expansion, industry consolidation or innovative business strategies. The principals of the firm have a record of productively working with management teams to build companies into larger and more diverse enterprises. Brockway Moran & Partners invests in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 70 acquisitions.

SOURCE: Brockway Moran & Partners