Freeman Spogli Recaps CRH Healthcare
ATLANTA, GA – December 18, 2018 – CRH Healthcare (“CRH”), a leading urgent care platform in the Southeast, announced it has been recapitalized by Freeman Spogli & Co. (“Freeman Spogli”). CRH’s founders, Bill Miller and Andrea Malik Roe, and the rest of the management team will continue to lead the Company as they embark on the next phase of growth in the Southeast and beyond. Specific terms of the transaction were not disclosed.
Founded in 2012 and headquartered in Atlanta, GA, CRH is a patient-focused operator of 38 urgent care centers in Georgia, Florida, and Alabama. CRH operates a “family of brands”, leveraging a different brand name in each state, while always being focused on the CRH Mission, “to deliver the Perfect Patient Experience every time”. To achieve this mission, everything they do is focused on the 5C’s-convenient, courteous, caring, competent and compliant. All of CRH’s clinics are equipped to help diagnose and treat a wide range of non-life-threatening illnesses and injuries as well as to provide occupational health services to local employers.
“We are excited to be working with Freeman Spogli during the Company’s next phase of growth,” said Bill Miller, co-founder and CEO of CRH. “We look forward to leveraging Freeman Spogli’s expertise and experience in growing multi-unit concepts as we expand our footprint in existing and new markets. In addition, we believe Freeman Spogli’s focus on consumer-oriented businesses will complement our healthcare expertise and current practices as we continue to perfect the patient experience.”
“Led by co-founders Bill Miller and Andrea Malik Roe, the Company’s management team has done a fantastic job building CRH into a scalable platform with best-in-class operations,” said Chris Johnson, a Partner at Freeman Spogli. “CRH stood out as a differentiated player in an attractive industry that is positioned to benefit from the growing demand for convenient and cost-effective healthcare services. Management has demonstrated an impressive ability to grow through both acquisitions and opening new centers, while successfully implementing best practices at its clinics. We are thrilled to partner with Bill, Andrea and the management team as the Company continues to execute its long-term growth plans.”
About CRH Healthcare
CRH Healthcare (“CRH”), based in Atlanta, GA, is a consumer- and quality-focused urgent care center industry leader that has grown through both acquisitions and de novo development. Over the last five years, the Company has rapidly grown its clinic base from 3 to 38 clinics and now has operations in Georgia, Florida, and Alabama where they help patients Get in. Get out. Get Better!™ CRH is the #1 or #2 player in each of its markets and was recently named Atlanta’s fastest growing private healthcare company for the second year in a row by the Atlanta Business Chronicle and as the nation’s fastest growing urgent care company according to Inc Magazine’s annual Inc 5000 list (#845 overall). CRH Healthcare is a proud member of the Urgent Care Association.
About Freeman Spogli & Co.
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $4 billion in 59 portfolio companies with aggregate transaction value of over $22 billion, and is currently making investments from FS Equity Partners VII, L.P. Freeman Spogli has offices in Los Angeles and New York. For additional information, visit www.freemanspogli.com.