CityMD to Acquire Summit Medical Group
June 17, 2019
Cleary Gottlieb is representing Warburg Pincus and its portfolio company, CityMD, in CityMD’s acquisition of Summit Medical Group and its affiliated management company, Zoonie, which is the parent of Summit Health Management.
Terms of the transaction have not been disclosed. Cleary represented Warburg Pincus in its initial investment in CityMD in 2017.
Founded in 2010, CityMD urgent care is dedicated to setting a new standard of medical care for patients and an enriching work environment for its employees. The company’s “People First” philosophy and state-of-the-art personalized health care delivery system has taken CityMD from a single Upper East Side practice in Manhattan to more than 100 locations in Manhattan, Long Island, Westchester, New Jersey, Brooklyn, Staten Island, the Bronx, and Queens.
Recognized as New Jersey’s premier multispecialty medical group, Summit Medical Group has more than 80 locations in seven northern New Jersey counties and has recently expanded to Oregon and Arizona. Summit Medical Group’s 800+ practitioners cover more than 80 medical specialties and services, with a focus on delivering patient-centered and coordinated care.