FastMed Urgent Care Plans Portfolio Upgrade
The urgent care provider partners with CBRE to acquire new real estate for medical clinics as well as monitor leases and manage clinic maintenance.
“FastMed is continually identifying new areas in which to deliver high-quality care,” Web Golinkin, CEO of FastMed Urgent Care, tells GlobeSt.com. “CBRE is an excellent fit for this partnership as they are a leader in site selection and have the sophisticated tools to identify markets based on lifestyle patterns and demand for improved access to healthcare, which will position FastMed for patient-centered growth. With the growing demand for convenient and affordable healthcare, FastMed is well-positioned to increase accessibility to high-quality care with an expanded retail footprint, especially hybrid family medicine-urgent care locations to fulfill community needs.”
For new real estate acquisitions, FastMed is targeting Arizona, Texas and North Carolina. “Through this partnership, we are looking to expand where there is a need for care,” says Golinkin. “We are focused on markets that have the lowest penetration and highest demand. Ultimately, this partnership will translate to improving the patient experience with existing and new clinics located nearer to their lifestyle patterns, superior facility design and maintenance, and reducing operating expenses to enable valuable investment back into the business.”
CBRE was an ideal partner to guide the firm through these changes to its real estate portfolio. “With 109 existing clinics in three states and ambitious growth plans, FastMed sought a strong real estate partner to help us with site selection, lease negotiation, and clinic construction and maintenance,” say Golinkin. “They have a reliable reputation within the commercial real estate space and because of the company’s successes, we believe they are the best fit for our long-term goals. By partnering with CRBE, FastMed can cast a wide net of retail space, not only allowing us to secure high-potential locations for new clinics but also optimize leases and manage clinic maintenance and upgrades at existing facilities.”
The firm will focus on this strategic plan through 2020. “FastMed’s goal for 2020 is to build a robust site selection model and identify new opportunities to provide the best end-to-end healthcare experience in terms of quality, accessibility, affordability, and compassion,” says Golinkin. “While FastMed is slated to grow within various markets, no additional details for future locations have been announced at this time.”