WAYNE, PENNSYLVANIA – September 13, 2021: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of Central Jersey Urgent Care (CJUC) to Carbon Health.
CJUC is a leading provider of urgent care and walk-in medical services throughout New Jersey. Founded in 2013 by ED physicians Markintosh Barthelemy and Chirag Patel, the organization has grown from a single center in Ocean, NJ to a well-recognized brand with 10 locations strategically placed throughout central New Jersey. CJUC is accredited and certified by the Urgent Care Association and provides emergency and injury care, pediatric urgent care, physicals, drug testing, alert diagnostics, autism friendly services, and COVID related services.
Carbon Health, based in San Francisco, CA, is a leading nationwide healthcare provider with a mission to make high-quality healthcare accessible to everyone. Leveraging technology in a hybrid, omnichannel approach that is designed to create a seamless patient experience via in-person clinics, virtual/home-based care, and hardware, Carbon Health is redefining primary and urgent care. Through this omnichannel model, Carbon Health reduces friction for both patients and providers and closing the gaps in care that lead to poor outcomes. Carbon Health currently operates 83 clinics across 12 states, offers virtual care in over two-thirds of the country, and employs approximately 1,600 individuals.
The acquisition of CJUC provides Carbon with expansion in the MidAtlantic region and provides the CJUC team with a partner that will continue to carry out its commitment to excellence. Chirag Patel, Chief Medical Officer of CJUC, stated “When deciding to transact our business, we sought a partner that would provide the communities that we serve with the first-rate patient care that they have come to know from CJUC. We have certainly found that, and more, in Carbon, a partner that shares in our vision of expanding access to technology enabled Community Based care in the communities we serve.”
Falcon served as exclusive financial advisor to CJUC. Falcon’s Managing Director Ted Stack writes, “Falcon was thrilled for the opportunity to assist the owners of CJUC in a successful transaction and is excited that they will now be part of a rapidly growing healthcare organization with the expertise and resources to continue to expand the strong foundation that CJUC has built in the state of New Jersey.” CJUC CEO, Markintosh Barthelemy comments, “We selected Falcon to assist us in finding a partner for our business and they delivered, providing us with expert guidance in navigating all of the complexities that went along with the process resulting in an excellent outcome for all parties.”
The terms of the transaction were not disclosed. This transaction represents another successful outcome for Falcon’s national healthcare practice. The Falcon deal team included Managing Director, Ted Stack, Vice President, Don Wanner and Associate, Steve Wasylenko. For more information, please contact Ted at firstname.lastname@example.org, or Don at email@example.com.