Kyle Mallien runs four urgent care centers in St. Louis with Chris Long. He breaks down the cash payer model, why private equity and hospitals are circling the business, and what an exit could look like.
Urgent Cares. I partnered up with Chris long. We have four of these in the, in the St. Louis market. And I love this because it's a cash payer model. There's no insurance involved. We're now getting insurance on the line. But we bought the, it's a, it's a cash payer model. We bought the one in downtown St. Louis. It had 2,000 Google feedback, four star ratings. The only game in town in downtown St. Louis. Then we started buying stuff on the fringe that was all seller financed. And so it is a cash payer model but there's also a lot of private equity companies that are in this business where we, as soon as we bought it in the first six months we were getting calls from local hospitals that had inquired about it. Right. So they were interested in what we were doing. Would we be interested in selling? Right. So we now have four in the portfolio. But I love the model. I think that there's a ton of opportunity and you know, there's a clear path to growth there and there's a clear path to exit because there's so many private equity companies.
