American Family Care is expanding its corporate footprint with a major acquisition in New England.
The Birmingham-based urgent care provider has acquired 18 clinics in the New England area from existing franchisees. Financial details were not disclosed to the BBJ.
“This acquisition is the first step in our strategy to bring unprecedented medical coverage to New England,” said American Family Care Founder and CEO Dr. Bruce Irwin. “Whether operating corporately owned clinics, supporting a local entrepreneur through our franchising model, or by partnering with local hospital systems, our team is actively looking at a wide array of opportunities to grow our presence throughout New England.”
Randy Johansen said the acquisition include 10 clinics in Massachusetts and eight in Connecticut. These clinics are located in various parts of Connecticut and Massachusetts respectively, seeing a total of over 275,000 patients in 2019.
“We have nearly tripled the size of our health care network, we’ve grown from 28 clinics to more than 225 clinics in less than eight years,” Johansen said. “We have the resources to give entrepreneurs the horsepower to succeed in this business. Our model is mapped out for success and we are passionate about providing the quality of medical care AFC patients have grown to expect when they visit one of our clinics.”
The clinics themselves were acquired from two AFC franchisees, Jim Brennan and Tom Kelly, and will now be brought into the company’s corporate network. Both former owners will stay with the company to manage the facilities.
Johansen said this was an opportunity for AFC to expanded deeper into the New England and greater Northeastern market as well as to expand its corporate presence beyond Alabama, Tennessee, Georgia and Florida.
“I think that it puts us in a position so that we could continue to grow and expand in that area,” he said. “So the goal is not to maintain 18 clinics in those two states, but to expand beyond that.”
AFC now has clinics in 23 states and will see well over 3 million patients in 2020, according to Johansen, An additional 30 clinics will open before the end of this year. The company is slated to expand to 500 locations in the next five years.