PM Pediatric Care

PM Pediatric Care

Specializes in pediatric urgent care services

Overview

PM Pediatrics operates a network of pediatric urgent care clinics that stay open year-round with extended hours to treat non-emergency illnesses and injuries outside regular pediatrician hours. Clinics resemble emergency departments with on-site X-ray and lab services, and they offer telemedicine and pediatric behavioral health programs. The focus is exclusively on children, using pediatric specialists and equipment to handle conditions like fractures, asthma, dehydration, and wounds, while also expanding via partnerships and acquisitions. The company's goal is to provide accessible, high-quality acute pediatric care and related services, reducing unnecessary trips to hospital emergency departments.

About PM Pediatric Care

Simplify's Rating
Why PM Pediatric Care is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Company Size

501-1,000

Company Stage

Series E

Total Funding

$72.4M

Headquarters

Oyster Bay, New York

Founded

2005

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Simplify's Take

What believers are saying

  • Acquired 10 Florida sites in July 2024, expanding to 90 locations across 15 states.
  • $50M Series E funding from Scopia Capital in 2023 fuels network growth.
  • Treated over 4 million patients, partnering with Inova and Children's Health.

What critics are saying

  • Pediatrix recaptures Florida share with lower pricing within 12-24 months.
  • New York Medicaid cuts shrink NY margins 15-20% by September 2026.
  • Scopia forces sale in 18-24 months due to $50M burn rate.

What makes PM Pediatric Care unique

  • PM Pediatric Care exclusively focuses on pediatric urgent care from newborns to college age.
  • Clinics equipped with pediatric-specific X-ray, labs, and emergency-level treatments.
  • Offers 365-day extended hours, telemedicine, and behavioral health teletherapy.

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Funding

Total Funding

$72.4M

Below

Industry Average

Funded Over

3 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$245M
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$250M
Reddit
$1.3B
Epic Games
$1.5B
Airbnb

Benefits

Flexible Work Hours

Conference Attendance Budget

Professional Development Budget

Training Programs

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Jul 23rd, 2024
Pm Pediatric Care Accelerates Growth With Acquisition Of 10 Urgent Care Sites In Florida

Nation's Largest Pediatric Urgent Care Provider Expands its National Presence to Include 13 Pediatric Urgent Care Sites Across FloridaORLANDO, Fla., July 23, 2024 /PRNewswire/ -- PM Pediatric Care, the nation's largest provider of specialized pediatric urgent care and recognized leader in pediatric behavioral health, has added 10 Florida locations to its pediatric urgent care network. The new offices, formerly known as Night Lite Pediatrics prior to their 2022 acquisition by Pediatrix Medical Group, will now be called PM Pediatric Urgent Care."This partnership will bring together two like-minded organizations, combining our strengths to better serve our patients and communities," stated Kevin Trexler, Chief Executive Officer for PM Pediatric Care, "Night Lite has a long-standing reputation for excellence and a deep-rooted commitment to patient-centered care, like our own. Together, we'll benefit from shared knowledge, expanded resources, and a broader network of care facilities."PM Pediatric Urgent Care offers best-in-class urgent care to children in a state-of-the-art, kid-friendly environment. The organization's focus on top-notch pediatric medicine, combined with its convenient availability during both late nights and weekends, has helped the nationally recognized network grow to nearly 90 offices across 15 states. The newly added locations in Greater Orlando, Jacksonville, Melbourne, and Port St. Lucie join PM's three existing locations in Southern Florida and will be open 365 days a year with extended hours to accommodate today's busy families.Staffed by teams experienced in caring for ill and injured children, including board-certified pediatric emergency physicians and pediatricians, PM's urgent care sites offer pediatric imaging, lab testing on site, wound suturing, concussion care, IV treatment for dehydration, oxygen and nebulizer treatment, and other high acuity services that match what can be accessed in an emergency department, without the high cost of a hospital visit for families.All of PM's Florida sites will offer both in-person and telemedicine services from birth to young adulthood

PR Newswire
Jan 11th, 2024
Pm Pediatric Care Announces Kevin Trexler As New Chief Executive Officer

Former founding co-CEOs Steven Katz and Dr. Jeffrey Schor to continue serving as Board MembersLAKE SUCCESS, N.Y., Jan. 11, 2024 /PRNewswire/ -- PM Pediatric Care, the nation's largest provider of specialized pediatric urgent care and recognized leader in pediatric behavioral health, announced today the appointment of Kevin Trexler as Chief Executive Officer. Trexler will succeed Mr. Steven Katz and Dr. Jeffrey Schor, who co-founded the organization in 2005 and have served as co-CEOs to date

PR Newswire
Jun 20th, 2023
PM PEDIATRIC CARE ANNOUNCES $50M INVESTMENT FROM SCOPIA CAPITAL AND JEFFERSON RIVER CAPITAL

/PRNewswire/ -- PM Pediatric Care, a nationally recognized leader in the delivery of pediatric care, announces $50M in Series E equity funding led by Scopia...

Project Due
Sep 20th, 2022
PM Pediatrics partners with Inova

PM Pediatrics has partnered with Inova Children’s Hospital to provide the highest quality pediatric urgent care services in Northern Virginia.

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