PCOM Invests in Vybe Urgent CareMay 10, 2018
The partnership with vybe care centers will also create a new clinical rotation in
urgent care for PCOM medical students.
Philadelphia College of Osteopathic Medicine (PCOM) today announced that it is a co-lead investor in vybe Urgent Care, along with NewSpring Health Capital, the dedicated healthcare fund of NewSpring. Funds from the investment will enable vybe to expand its geographic footprint and
The arrangement between PCOM and vybe Urgent Care will also provide a unique educational
and training opportunity for the College’s fourth-year osteopathic medical students and second-year physician assistant studies students as part of a new, elective clinical rotation in urgent care.
The company's urgent care centers in Roxborough, Port Richmond, Center City and South
Philadelphia diagnose and treat a wide variety of illnesses and injuries, in addition
to providing on-site x-rays, lab work and other medical services.
“As patient care continues to evolve, urgent care is becoming a larger part of the
healthcare delivery system,” said Jay S. Feldstein, DO ’81, president and CEO of PCOM. “Through a clinical affiliation agreement with vybe Urgent
Care, we can expand the training prospects for our students, allowing them to interact
with diverse patient populations so that they can ultimately become competent, caring
Dr. Feldstein added that PCOM’s investment is also meant to ensure greater continuity
of care, as patients who are initially seen at a vybe Urgent Care location may be
referred to primary care physicians in those communities.
“Recruiting and retaining a first-class team of providers will be a critical element
in our success," said vybe CEO Peter Hotz. "We are excited about the chance to work
with PCOM leadership to develop educational programs for physicians and other providers
to better prepare them for today’s healthcare environment.”
According to NewSpring Partner Kapila Ratnam, PhD, "vybe’s defensible market position, coupled with a superior business model and experienced
management team, well-positions the company to grow and exponentially expand its geographic
footprint within the next three years.”
"In today’s market, urgent care is a more cost-effective and timely setting to provide
care to patients versus the emergency room," Ratnam said.
As part of the investment, Dr. Feldstein along with Dr. Ratnam of NewSpring will join
vybe’s board of directors.
About vybe Urgent Care
vybe Urgent Care operates the leading network of walk-in urgent care centers in the
greater Philadelphia region, with a focus on high-quality medical care and unparalleled
patient service. The company’s vision is that everyone deserves great care, which
is driving development across the region and a unique focus on patient experience.
Urgent care is rapidly becoming the new way to be seen for many healthcare consumers.
Frustrated with long waiting times to see a primary care physician and the high cost
of emergency room visits, consumers appreciate the walk-in access and reasonable price
points of urgent care centers. vybe provides a broad range of injury and illness treatments,
physical exams, and occupational health and workers’ compensation treatments. For
more information, visit www.vybe.care.
Founded in 1999, NewSpring partners with the innovators, makers, and operators of
high-performing companies in dynamic industries to catalyze new growth and seize compelling
opportunities. The firm manages approximately $1.7 billion across four distinct strategies
covering the spectrum from growth equity and control buyouts to mezzanine debt. Having
invested in over 135 companies, NewSpring brings a wealth of knowledge, experience,
and resources to take growing companies to the next level and beyond. Partnering with
management teams to help develop their businesses into market leaders, NewSpring identifies
opportunities and builds relationships using its network of industry leaders and influencers
across a wide array of operational areas and industries. To learn more, visit www.newspringcapital.com.
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About Philadelphia College of Osteopathic Medicine
Founded in 1899, Philadelphia College of Osteopathic Medicine (PCOM) has trained thousands
of highly competent, caring physicians, health practitioners and behavioral scientists
who practice a “whole person” approach to care—treating people, not just symptoms.
PCOM operates three campuses (PCOM, PCOM Georgia and PCOM South Georgia) and offers doctoral degrees in clinical psychology, educational psychology, osteopathic
medicine, pharmacy, physical therapy and school psychology, and graduate degrees in
applied behavior analysis, applied positive psychology, biomedical sciences, forensic
medicine, medical laboratory science, mental health counseling, non profit leadership
and population health management, organizational development and leadership, physician
assistant studies, school psychology, and public health management and administration.
PCOM students learn the importance of health promotion, research, education and service
to the community. Through its community-based Healthcare Centers, PCOM provides care
to medically underserved populations. For more information, visit pcom.edu or call 215-871-6100.
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