ZOOM+Care, a portfolio company of Endeavour Capital, has been acquired by PeaceHealth
January 7, 2019
Zoom+Care (“Zoom” or the “Company”), the leading provider of on-demand retail and digital healthcare, has been acquired by PeaceHealth. Terms of the transaction were not disclosed. Portland-based Zoom is creating a better way to get and give healthcare. The Company cares for hundreds of thousands of people per year at 37 neighborhood clinics in the Portland and Seattle markets. Zoom provides complete care including urgent care, primary care, specialty care, mental health, telemedicine and more.
Endeavour Capital (“Endeavour”) invested in the Company in 2014 to fund further development of the innovative delivery model and accelerate the opening of new clinics. Endeavour was founded in 1991 to be a resident source of capital and long-term partner to leading Western US-based businesses. Endeavour has completed over 50 platform investments and dozens of add-on acquisitions in its 27-year history.
Cain Brothers served as exclusive financial advisor to Zoom to explore a range of strategic options. Cain Brothers introduced the Company to a broad universe of prospective investors and buyers and the transaction highlights Cain Brothers’ deep industry relationships and sector knowledge.
PeaceHealth, based in Vancouver, WA, is a nonprofit Catholic health system offering care to communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, a multi-specialty medical group practice with over 1,200 physicians and providers, and 10 medical centers serving both urban and rural communities throughout the Northwest.