Page 31 Bain Capital Helthcare
P. 31
31
Bain Capital
Healthcare
As the largest urgent care provider in
the Northeast, ConvenientMD offers
access to high quality, affordable care
for the patients and communities
that they serve. In addition continued
growth of their core urgent care
footprint, the company saw
opportunity to expand into new service
lines, including building out telehealth
capabilities and advanced primary care
services. This new care model provides
patients a cohesive, high touch
experience and improves their access
to preventative care. ConvenientMD
has partnered with Bain Capital
Double Impact to help them scale
their core urgent care business as well
as launch primary care. BCDI is able
to leverage deep experience in multi-
site healthcare as well as the Firm’s
breadth of overall healthcare expertise
to support and drive the company
through its next phase of growth.
Excelsia Injury Care is a leading
provider of care to those injured in
auto or workplace accidents. Excelsia
delivers peace of mind to patients
by delivering the full continuum of
care they need under one roof, while
freeing patients of financial stress with
Excelsia’s deep expertise in navigating
auto and workers compensation
insurance reimbursement. Excelsia’s
robust care model is medically
managed, with 10 different specialties
across Orthopaedic, Diagnostic,
Interventional, and Rehabilitation
services. Excelsia has partnered with
Bain Capital Double Impact to scale
this unique business model. BCDI has
leveraged the Firm’s deep multi-site
experience to enable growth through
both M&A in new markets as well as
organic expansion of clinics.
Improving patient access to healthcare
services was the key driver behind
the acquisition of HealthDrive, which
provides skilled nursing facilities
with on-site physician services in the
specialty areas of primary care, podiatry,
dentistry, audiology, optometry and
behavioral health. Providing services
on-site and at regular intervals vastly
improves adherence to recommended
preventative treatment plans, which
have been shown to improve quality of
life and reduce potentially devastating
conditions such as pneumonia or
accidental falls. Double Impact
supported the growth of the business
with the add-on acquisitions of New
England Geriatrics and ProHealth. “We
were able to identify new service lines
that HealthDrive’s customers were
demanding and closed two meaningful
add-on acquisitions that created
financial value during our ownership
period,” said Klaus Koenigshauen,
Partner at Bain Capital Double Impact.
In 2023, HealthDrive was sold to
Cressey & Co.
Bain Capital
Healthcare
As the largest urgent care provider in
the Northeast, ConvenientMD offers
access to high quality, affordable care
for the patients and communities
that they serve. In addition continued
growth of their core urgent care
footprint, the company saw
opportunity to expand into new service
lines, including building out telehealth
capabilities and advanced primary care
services. This new care model provides
patients a cohesive, high touch
experience and improves their access
to preventative care. ConvenientMD
has partnered with Bain Capital
Double Impact to help them scale
their core urgent care business as well
as launch primary care. BCDI is able
to leverage deep experience in multi-
site healthcare as well as the Firm’s
breadth of overall healthcare expertise
to support and drive the company
through its next phase of growth.
Excelsia Injury Care is a leading
provider of care to those injured in
auto or workplace accidents. Excelsia
delivers peace of mind to patients
by delivering the full continuum of
care they need under one roof, while
freeing patients of financial stress with
Excelsia’s deep expertise in navigating
auto and workers compensation
insurance reimbursement. Excelsia’s
robust care model is medically
managed, with 10 different specialties
across Orthopaedic, Diagnostic,
Interventional, and Rehabilitation
services. Excelsia has partnered with
Bain Capital Double Impact to scale
this unique business model. BCDI has
leveraged the Firm’s deep multi-site
experience to enable growth through
both M&A in new markets as well as
organic expansion of clinics.
Improving patient access to healthcare
services was the key driver behind
the acquisition of HealthDrive, which
provides skilled nursing facilities
with on-site physician services in the
specialty areas of primary care, podiatry,
dentistry, audiology, optometry and
behavioral health. Providing services
on-site and at regular intervals vastly
improves adherence to recommended
preventative treatment plans, which
have been shown to improve quality of
life and reduce potentially devastating
conditions such as pneumonia or
accidental falls. Double Impact
supported the growth of the business
with the add-on acquisitions of New
England Geriatrics and ProHealth. “We
were able to identify new service lines
that HealthDrive’s customers were
demanding and closed two meaningful
add-on acquisitions that created
financial value during our ownership
period,” said Klaus Koenigshauen,
Partner at Bain Capital Double Impact.
In 2023, HealthDrive was sold to
Cressey & Co.
