QuickHealth's walk-in medical clinics — a solution to the "Sicko" problem
QuickHealth, a Burlingame, Calf. company that operates walk-in medical clinics, said it has raised an $8.5 million in a second round of financing.
With the nation’s healthcare system in serious disarray (whatever you think of Michael Moore’s controversial documentary on the topic, Sicko, it has resonated strongly with people for a reason), these sorts of companies are getting increased attention. They bypass health insurance system entirely.
The Westly Group led this financing, according to VentureWire (subscription required), which first reported the news. The round included Draper Fisher Jurvetson, a managing director from Venrock, Hellman & Friedman’s partners fund, managing directors from Allen & Co. and previous individual investors.
QuickHealth offers medical services at nine California stores, where doctors charge $49 per visit. The company’s model doesn’t rely on health insurance. According to the report:
Take Care Health Systems LLC, an operator of retail clinics predominantly in the Midwest, completed its sale to Walgreen Co. in May for undisclosed terms…CVS Corp. completed the acquisition of MinuteClinic in September 2006 for undisclosed terms….America Online Inc. founder Steve Case, through Revolution Health, has backed InterFit Health Inc.’s RediClinics chain. Wal-Mart Stores Inc. formed an agreement with SmartCare Family Medical Centers in 2006 to include its retail clinics in stores in Colorado, Nevada and Arizona. SmartCare is backed by the Colorado Fund I and individual investors.
QuickHealth previously raised $550,000.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
