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AMB is pleased to announce the majority recapitalization of RMS Healthcare and Med First Immediate Care and Family Practice (“Med First”) to Sverica Capital Partners IV LP (“Sverica”)

AMB is pleased to announce the majority recapitalization of RMS Healthcare and Med First Immediate Care and Family Practice (“Med First”) to Sverica Capital Partners IV LP (“Sverica”).

Role: AMB was exclusive financial advisor to Med First in the transaction.1

AMB is pleased to announce the majority recapitalization of Med First by Sverica Capital Partners IV LP which closed on August 2, 2016. The transaction is a result of the longstanding relationship between entrepreneur Randy Schilsky and AMB and underscores AMB’s commitment to and knowledge of the primary care industry, with particular emphasis on innovative models like patient centered medical homes (“PCMHs”) and urgent care. Leading up to the sale to Sverica, AMB advised Med First on the successful closing of three acquisitions to bring its total clinics count to 13 at the time of this announcement.

Randy Schilsky, founder of Med First stated: “We are pleased with our longstanding relationship with AMB and are happy it has culminated in a partnership with Sverica, a premier healthcare investor. With quality investors behind Med First, our Company can grow to additional markets and bring our innovative medical home concept to more patients. We are looking forward to the next phase for our company and team.”

AMB’s advisory services to the primary and urgent care industries continue to grow. Having now completed 13 transactions in this industry alone, AMB is the clear industry leader in advising urgent and primary care clients. Rapid growth due to the healthcare consumer’s desire for accessible and affordable primary care and a transition in healthcare from volume to value lead AMB to believe that there is much more activity to come in primary and urgent care industries.

McGuireWood’s Geoff Cockrell, Benjamin Galea and Holly Carnell led as legal counsel to Med First, and Foley & Lardner’s Paul Broude led as legal counsel to Sverica.

For more information, please contact representatives of the deal team:

Gordon Maner
(o) 843-405-1106
gordon.maner@ambwealth.com
Ryan Loehr
(o) 843-405-1108
ryan.loehr@ambwealth.com
Johnny Cross
(o) 843-405-1107
johnny.cross@ambwealth.com
Alex Carlson
(o) 843-405-1113
alex.carlson@ambwealth.com

About Med First
Headquartered in Jacksonville, North Carolina, and founded in 2004, Med First is a walk-in medical provider of primary and urgent care services to patients in rural and secondary markets across eastern North Carolina and South Carolina. Through the Company’s13 designated PCMHs, it offers its customers convenient and timely primary and urgent care services. The Company providers care for everything from minor emergencies to managing chronic conditions. The Company was recently certified with Blue Cross Blue Shield of North Carolina in their Blue Quality Physician Program (“BQPP”) and has achieved BQPP Level III certification, the highest allowable. This recent certification highlights the commitment that Med First has to its patients and to quality and affordable care.
Learn more at www.thinkmedfirst.com

About Sverica Capital Management
Sverica Capital is a leading lower-middle-market-focused private equity firm that has raised over $700 million of investment capital across four funds. The firm acquires and actively builds companies that are, or could become, leaders in their industries. Since 2001, Sverica Capital has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica Capital devotes significant internal resources to help its management teams develop and execute growth strategies.
Learn more at www.sverica.com

About AMB
AMB provides comprehensive financial services, including investment banking, investment advisory2, brokerage and personalized client services to a diverse group of clients, including corporations, institutions, individuals and families. We created AMB to offer our clients a better way of managing and preserving their wealth and solving their corporate challenges—one based on meaningful, long-term client relationships.
Our healthcare investment banking team combines a wide array of capabilities with the passion, responsiveness and focus of a boutique firm. We believe in a top-down sector focused approach to ensure that clients receive sector expertise in addition to first-class execution. We invite you to Discover the Difference.
Learn more at www.ambwealth.com

  1. Securities offered through Allen Mooney & Barnes Brokerage Services, LLC (Member FINRA / SIPC);
  2. Money management services offered through Allen Mooney Barnes Investment Advisors