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Second Mover in Healthcare Franchising Proves the Trend


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Dr. Bruce Irwin, founder of American Family Care, is a pioneer in franchising urgent care clinics. Now his company is also pioneering securing not-for-profit health systems as franchisees.

Well, that didn’t take long. Nurse Next Door, a Vancouver-based home care franchise, announced this week a deal with St. Joseph Health in California, in which the not-for-profit St. Joseph will become a franchisee of a for-profit healthcare brand, and will open 26 franchise territories with an additional 12 as options to build out in the future.

The news crossed my desk the very week I was interviewing American Family Care, one of the Franchise Times Dealmakers winners for 2016. American Family inked a deal last year with Bon Secours Health System, in which Bon Secours bought four units of the urgent care franchise in North Carolina and rights to develop more territory.

This is a first-of-its kind deal, and American Family President Randy Johansen and I were discussing that it’s sure to be the next big thing in retail health care expansion. People in the quick-serve restaurant space, in particular, and other service industries “are interested in diversifying their portfolio of holdings in a fast-growth industry,” says Bill Koleszar of American Family Care. “Those prospective franchisees have been regularly knocking on our doors.”

People in restaurant finance, too, who served as judges to select Dealmakers winners, were intensely interested in the new wrinkle, even if they didn’t yet know too much about it. One judge deemed the health care space an “untapped asset class,” which is sure to pique the interest of financiers. We’ll keep watching and reporting developments in this brand new space.

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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