Leading Healthcare Provider Set to Continue Rapid Expansion with New Partner
BIRMINGHAM, AL / ACCESSWIRE / March 5, 2024 / American Family Care (AFC), the nation's leading provider of urgent care, accessible primary care, and occupational medicine, today announced the closing of an equity investment by Lorient Capital to support its continued market expansion.
"We are excited to partner with Lorient and are confident that their involvement will help us serve more patients in more locations - with the same degree of care and compassion we've been providing for more than 40 years," said AFC's Chief Executive Officer, Randy Johansen. "With Lorient by our side, I am more confident than ever that we will achieve our vision of becoming one of the most widely known and admired brands in healthcare."
With dozens of new locations in the pipeline across the United States, Lorient's financial backing and experience in supporting growth-oriented companies is timely. "We are excited to partner with great healthcare operators and clinicians to serve patients and their families," said David Berman, Managing Partner at Lorient Capital. "We look forward to working with the AFC team to help them continue to grow."
McDermott Will & Emery LLP acted as legal advisor to Lorient. Goldman Sachs & Co., LLC acted as financial advisor, and Kilpatrick Townsend & Stockton LLP acted as legal advisor to AFC.
MEDIA CONTACT:
Nancy Bostrom [email protected] 919-459-8163
About American Family Care:
Founded by Dr. Bruce Irwin with a single location in 1982, American Family Care has pioneered the concept of convenient, patient-centric healthcare. Today, with more than 360 clinics and 1,500 in-network providers caring for millions of patients a year, AFC is the nation's leading provider of urgent care, accessible primary care, and occupational medicine. Ranked by Inc. Magazine as one of the fastest-growing companies in the United States, AFC's stated mission is to provide the best healthcare possible, in a kind and caring environment, while respecting the rights of all patients, in an economical manner, at times and locations convenient to the patient. For more information, visit americanfamilycare.com.
About Lorient Capital:
Lorient is a private investment firm focused exclusively on healthcare service and technology companies. Leveraging its experience as both investors and healthcare operators, Lorient works with founders and management teams to drive growth, optimize operations, and improve healthcare outcomes. Visit us at: https://lorientcap.com/.
SOURCE: American Family Care