American CareSource Holdings, a Dallas-based operator of urgent-care centers and ancillary services, announced Tuesday that it had acquired two Northern Virginia urgent-care centers.
A Virginia-based subsidiary of the company paid $1,378,000 for the centers, which are located in Fairfax and Gainesville, according to a filing with the Securities and Exchanges Commission. The facilities, Fair Lakes Urgent Care Center and Virginia Gateway Urgent Care Center, were previously owned by Dr. Charles Okorie and are American CareSource's first Virginia locations.
Most of the centers' employees, including Okorie, agreed to be employed by American CareSource. Okorie will become medical director at the centers, and will be paid $100 per hour for the first 40 hours worked each week, $125 per hour for overtime. His contract also includes noncompete and nonsolicitation clauses that last for two years once he is terminated from the company.
American CareSource will now own 10 urgent-care clinics in Alabama, Florida, Georgia and Virginia. The company said in a release that it intends to continue acquiring urgent-care facilities to build upon its existing business.
Company officials did not immediately return a request for comment.
American CareSource lost two high-level executives at the end of 2014. Matthew Thompson, the company's former chief financial officer, secretary and treasurer, and Laura Little, principal accounting officer and vice president of finance, both resigned from the company, effective Dec. 31, to “pursue other opportunities,” according to an SEC filing. Thompson will continue to provide services to the company in an advisory role.
Adam Winger, the company's general counsel and vice president of acquisitions, has been serving as interim CFO, while Dale Spencer, the company's vice president of revenue-cycle management, has served as interim principal accounting officer.
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