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CityMD agrees to purchase STAT Health urgent care clinics

A CityMD Urgent Care walk-in clinic at 314

A CityMD Urgent Care walk-in clinic at 314 Main St. in Huntington in June 2017. Credit: Google Maps

Manhattan-based urgent care provider CityMD on Wednesday said it has agreed to buy STAT Health, an urgent care provider with 12 locations, all on Long Island.

Terms of the deal were not disclosed.

The deal helps CityMD expand its presence on Long Island, the company said.

CityMD also said it planned to buy FirstMed Immediate Medical Care, a single urgent care center located in Queens.

“Our seamless integration will enable us to serve more patients in Eastern Long Island and Queens,” Dr. Richard Park, chief executive of CityMD, said in a statement.

Following the completion of these transactions, CityMD will have 100 locations primarily in the metropolitan area. Five of the locations are in Suffolk County, said Dr. Nedal Shami, chief growth officer at CityMD.

The “bulk of STAT Health’s locations are in Suffolk,” Shami said. “We’ve found a great practice and partner that strategically helps us expand in Suffolk.”

CityMD also has 12 Nassau locations, and it plans to open a center in Greenvale on Nassau’s North Shore later this year.

STAT Health was co-founded in 2005 by Dr. Paolo Coppola and Dr. Marc Salzberg. STAT grew to eight Long Island offices before partnering with investment firm Spanos Barber Jesse & Co. to further expand the chain.

The transactions, which are subject to regulatory reviews, are expected to close in the first quarter of 2018. STAT Health and FirstMed will then be rebranded as CityMD clinics.

The group competes with Northwell Health-GoHealth Urgent Care, which operates 44 locations across Long Island and in New York City and Westchester. The first GoHealth location opened in Forest Hills, Queens, in November 2014. Northwell said GoHealth plans to expand further in 2018.

“We will expand to well over 50 locations in the calendar year,” said Adam Boll, vice president of Northwell Ventures Operations. “A significant amount of our expansion will be on Long Island.”

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