MedExpress, of Morgantown, W.V., provides outpatient urgent care services, like minor surgery and digital x-rays. News of the possible sale appeared on the FTC web site last week. It’s not clear how much General Atlantic is spending.
Excellere, a private investment firm, acquired MedExpress via a recap in 2007.
Greenwich, Conn.-based General Atlantic invests in several sectors, including media, consumer, healthcare, energy and resources. On Monday, the firm announced it had agreed to invest $163 million for a 19% stake in SouFun, an online real estate site in China, which went public last week.
The MedExpress sale would be the latest in PE-sponsored health care M&A. The Royal Bank of Scotland is selling health-care provider the Priory Group, which has drawn interest from PE shops like Bain Capital, Blackstone Group and Cinven,
Onex Corp. is buying ResCare inc., while the Canadian PE firm is also selling Center for Diagnostic Imaging.