Traverse Pointe Partners (“Traverse”), a private equity firm focused on the lower middle-market, is pleased to announce the beginning of its fifth platform investment with Greater Toledo Urgent Cares (“GTUC), GTUC, led by Dr. Walid Mahmoud, MD, MBA, is a leading multi-location urgent care provider, operating six locations in the Greater Toledo area and recently opening a seventh location in Southeast Michigan in the first quarter of 2021.
Traverse Pointe is partnering with Dr. Mahmoud and Greater Toledo Urgent Cares. GTUC has established a strong reputation of bringing ER level care to an urgent care setting in the Great Lakes region. Since its founding in 2011, GTUC has demonstrated impressive growth through the opening of new locations and recruiting talented, high quality practitioners to its operation.
“We are proud to welcome Greater Toledo Urgent Cares to the Traverse Pointe family of companies. Dr. Mahmoud has built an exceptional foundation of clinics in the greater Toledo area and Southeast Michigan. We look forward to continuing the Company’s commitment to patient care, while further broadening its presence in Ohio, Michigan and the Great Lakes region.”
Traverse and GTUC plan to invest in people, processes, and infrastructure to support the operations, allowing its clinicians to focus on providing the highest quality of care for its visitors.
“Traverse Pointe was the right capital partner for our business. Their expertise in multi-location roll-ups will lead to new and exciting growth opportunities for GTUC,” said Dr. Mahmoud, who will remain CEO of the company. “Our reputation for quality and patient care, combined with Traverse Pointe’s track record of acquisitive success will position GTUC extremely well for years to come.”
About Greater Toledo Urgent Cares
Founded in 2011 at its flagship Sylvania location, GTUC has grown to a group of seven urgent care centers located throughout the greater Toledo area. The Company operates six centers in Ohio and a seventh location in Michigan, as of February, 2021. GTUC provides convenient and affordable healthcare services in Ohio and Michigan. GTUC provides treatment for a wide range of illnesses, injuries, and common conditions, in addition to diagnostic and screening services.
About Traverse Pointe Partners
Traverse Pointe Partners is a private equity investment firm focused on control investments in lower middle-market companies. Our investment professionals and operating partners offer an array of skillsets and expertise to enhance the value of our platform investments. We partner with strong management teams, providing capital along with operational, financial and strategic support to enable organizations to maximize their potential. To date, GTUC reflects the fifth platform investment Traverse has made.