Healthcare Business News

Ancillary Care Services steps up urgent-care acquisitions

By Bob Herman
Posted: June 19, 2014 - 3:00 pm ET

Ancillary Care Services, a Dallas-based provider of supplemental healthcare services, has acquired two Florida urgent-care centers for $2.2 million.

ACS will pay for the two Bay Walk-In Clinics, one in Panama City and the other in Panama City Beach, with cash and promissory notes. The deal is expected to close in the third quarter.

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“We see opportunities to build upon both the clinical reputation and on the marketing efforts of the previous owner and create an even stronger market presence that results in patient volume growth,” said Richard Turner, chairman and CEO of American CareSource Holdings, in a news release.

As the subsidiary of the American CareSource, ACS now operates four urgent-care clinics. In April, ACS entered that market by purchasing two urgent-care centers in the Atlanta suburbs from CorrectMed for $2.7 million.

Publicly traded ACS provides services and claims management to payers and self-funded organizations through its ancillary provider network, which includes laboratories and dialysis centers. In 2013, ACS posted $26.8 million in revenue.

Follow Bob Herman on Twitter: @MHbherman

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