Case study

Xpress Wellness Urgent Care

Overview

In 2018, RCP invested $8.5 million in debt and equity alongside a funded sponsor to recapitalize Xpress Wellness Urgent Care (“Xpress”). At the time of RCP’s investment, Xpress was operating ten clinics in rural communities in Oklahoma and Kansas markets where access to high quality, affordable healthcare was limited. RCP’s $30 million in follow-on capital enabled Xpress to accelerate its de-novo site growth strategy in Oklahoma and Kansas as well expand into Texas. The Company also expanded service offerings to include behavioral health talk therapy and other services. With that, Xpress now provides medical services to residents of 85 post-acute nursing home facilities.

Outcome

Over the next six years, Xpress grew to 58 locations, all in rural markets, and created more than 1,000 jobs in economically challenged geographies. The Company was sold to the healthcare impact investing fund of a global alternative asset manager in 2024.