Pulse Equity Partners and PineBridge Investments have completed an investment in Urgent Care of Connecticut (UCC).
Brookfield, Conn.-based UCC, which is physician-owned, operates seven urgent care clinics in Connecticut.
The deal should allow UCC to expand throughout the Northeast, both organically and through acquisitions. The company also hopes to expand its services.
Pulse Equity is a New York private equity firm that focuses on investing in health care companies. The firm is invested in Prospira PainCare and In-Shape Health Clubs.
New York-based PineBridge has about $68.4 billion in assets under management. The company invested through private equity arm PineBridge Structured Capital, which provides minority investments to middle market companies. The firm has invested in Fresh Direct, Pretium Packaging and Flash Global Logistics.
Recent physician group acquisitions have been made by U.S. HealthWorks, which bought the Urgent Medical Care center in Pompano Beach, Fla.in November, and Heartland Dental Care LLC, which announced a deal for My Dentist Holdings LLC in October.