Denver-based private equity firm Revelstoke Capital Partners has completed its investment in Fast Pace Urgent Care, a portfolio company of Shore Capital Partners.
Fast Pace is a regional manager of urgent care clinics across rural Tennessee and Kentucky.
The company’s nurse practitioner model with physician oversight increases rural patient access to healthcare while delivering high quality outcomes and improving patient satisfaction. Due to the rural focus of the company’s current operations, many of the patients use the company’s urgent care clinics as their primary care solution allowing the company to function as an integral healthcare provider in the community.
“Fast Pace has developed a differentiated and successful rural market model which provides access to high quality, affordable healthcare centred on the patient. The company’s focus on improving the health and quality of life for individuals and their communities, increasing access to care, and lowering costs for patients and payers addresses healthcare’s triple aim and presents a compelling value proposition for all participants,” says Simon Bachleda, managing partner and co-founder of Revelstoke. “We are enthusiastic about partnering with such a passionate and experienced management team.”
“Revelstoke’s healthcare expertise and emphasis on strategic growth initiatives will be invaluable assets as we continue to expand our reach to more communities,” says Stan Bevis, founder and CEO of Fast Pace.
With its investment in Fast Pace, Revelstoke has now completed 23 acquisitions, which includes eight platform investments and 15 add-on acquisitions, representing more than USD1.2 billion of total enterprise value.
