UCC said the firms made a “significant growth equity investment”, which will help it grow both organically and via acquisitions.
The company currently operates seven clinics, which makes it Connecticut’s largest urgent care services provider. It noted that the $14bn urgent care industry is seeing rapid growth, driven by crowded emergency rooms and primary care doctor shortages.
Pulse founder and CEO Douglas Lehrman said, “Urgent care has become an increasingly important part of the healthcare delivery system and UCC has a best in class platform on which to build.
“We and PineBridge are proud to partner with Drs. Rohatsch and Kenkare and their team.”
Earlier this year, Pulse invested in In-Shape Health Clubs alongside remont Private Holdings.
The firm makes investments of between $10m and $100m in businesses focused on healthcare, healthy lifestyles and nutrition.
Copyright © 2013 AltAssets