Hospitals Race to Acquire Urgent Care Centers Amid Rising Demand
Becker's Hospital Review
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Contributed by: Kate Gamble
Summary
Hospitals and health systems are increasingly acquiring urgent care centers to improve their market positions and meet the demand for convenient care, spurred by financial pressures and competition from payer-owned providers and retail clinics. With the urgent care market expected to reach $46.7 billion by 2024, major health systems like UPMC, Novant Health, and Ardent Health are making significant investments to integrate these services with their existing offerings. Such acquisitions aim to provide accessible, same-day care alternatives for patients seeking treatment for non-life-threatening conditions, thereby enhancing overall healthcare accessibility and efficiency.
