Traverse Pointe Partners (“Traverse”), a private equity firm focused on the lower middle-market, is pleased to announce the sale of its urgent care portfolio company, Greater Midwest Urgent Cares (“GMUC” or the “Company”), to Bon Secours Mercy Health, one of the largest healthcare systems in the United States with more than 1,200 care sites and 49 hospitals.
Traverse Pointe partnered with GMUC in June of 2021, with the goal of building a leading regional urgent care provider. Led by Chief Executive Officer, Dr. Walid Mahmoud, MD, MBA, the Company further bolstered its regional presence, growing from six locations to ten under Traverse Pointe’s ownership.
“Traverse is thrilled about the results of this investment and proud of what we accomplished together with Dr. Mahmoud and his team. We were grateful to have had the opportunity to support Dr. Mahmoud’s growth vision and build GMUC into a leader in its region” said Michael Simon, Managing Principal of Traverse. “Bon Secours Mercy Health was the right buyer to take the Company to new heights. We’ll be rooting for the GMUC team’s continued success every step of the way.”
Dr. Mahmoud, CEO of GMUC, said “Traverse was an exceptional partner that supported our growth and the evolution of GMUC throughout our partnership together. They were extremely supportive and they helped transform the business and fuel its growth. Together, we found a great home for Greater Midwest Urgent Homes with Bon Secours Mercy Health and we know the business will continue to flourish under their ownership.”
About Greater Midwest Urgent Cares
Headquartered in Toledo, OH, Greater Midwest Urgent Cares is a leading multi-location urgent care provider, serving the Northern Ohio and Southeast Michigan region. The company treats a wide array of non-life-threatening medical conditions, serving its communities with extended hours and telehealth offerings.
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, Traverse has made seven platform investments and GMUC marks the second realized investment.