Solantic Announces New Ownership and Management Team

New York-based private equity investment firm assumes control of walk-in healthcare provider

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Solantic, one of Florida’s top urgent care providers, today announced the sale of its privately owned medical care centers to Welsh, Carson, Anderson & Stowe (WCAS). The New York-based firm joins CEO Michael Klein to form a new ownership and management team.

“It is our intention to continue to grow in our existing markets as well as open new markets.”

Headquartered in Jacksonville, Florida, Solantic is the fastest growing urgent care company in Florida, currently operating 32 centers throughout the state.

WCAS is one of the largest and most successful private equity investment firms in the United States, focused exclusively in information/business services and healthcare. The firm strategizes to buy growth businesses, partner with management teams and build value for investors through a combination of operational improvements, internal growth initiatives and strategic acquisitions.

“We are very excited to have a strong financial backer to position Solantic for the future,” says CEO Michael Klein, “It is our intention to continue to grow in our existing markets as well as open new markets.”

Klein says updated technology and the new structure will allow for strategic expansion while the company focuses to deliver its promise to patients, Seeing a Doctor Has Never Been This Easy!

“I am confident that the recent addition of a new management team is a major step forward for Solantic,” said Nathan Newman, MD, Solantic’s Chief Medical Officer. “Our ultimate goal is to enhance the understanding of urgent care medicine as an integral part of our community’s health care delivery system as we establish the company as a trusted urgent care provider.”

Since its inception in 2002, Solantic has expanded from four Northeast Florida locations to more than 30 centers located throughout the state. The company stands on a platform to provide high quality, affordable urgent care services that maximize consumer choice while recognizing the busy lifestyles of Floridians today.

The announcement and sale represents a move by the Jacksonville-headquartered company to focus on an overarching campaign for new opportunities, new growth, new jobs and new leadership determined to create value for the company and its employees.

About Solantic

Since its founding in 2001, Solantic has been an innovator in applying retail concepts to the practice of urgent care medicine. Solantic was the first to post its simplified, three-tiered pricing on large menu boards in centers, display wait times on queue monitors, Solantic gift cards and a guarantee on its services—if you don’t feel better, return to Solantic and be treated for free.

In addition to urgent care, Solantic provides workers’ comp and occupational medicine and a range of lab services, immunizations, physicals, wellness testing and prescriptions on-site. Centers are open seven days a week, with extended evening and weekend hours. For additional information visit www.solantic.com.