City MD expansion proceeds well, entails risks: S&P

CityMD, healthcare, private equity, urgent care, medical services, Warburg Pincus
CityMD branch at 561 Third Avenue, Manhattan, on Feb. 22, 2017. Photo by Buyouts Staff.
  • Urgent-care chain expands rapidly
  • Risks include geographic concentration: S&P
  • Firm is increasing customer usage, maintaining margins
A strategy of rapid growth at City MD, the provider of urgent-care services largely in the New York City metro area, is proceeding well but entails “considerable” risk, Standard & Poor’s reported. Analyst Matthew O’Neill assigned a B- corporate-credit rating ...

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