PM Pediatrics, an urgent-care chain for kids, has opened its 35th location in Wayne, Pa., near Philadelphia, marking the seventh state for the fast-growing company. The Lake Success, Long Island–based chain treats children and adolescents exclusively and hires physicians who specialize in pediatric emergency care to handle cases including fevers, fractures and wounds.
Dr. Jeffrey Schor, the company's founder and co-CEO, said PM Pediatrics seeks to complement primary care practices by operating from noon to midnight Monday through Saturday and 10 a.m. to midnight Sundays and holidays. It also does not perform immunizations or physicals and encourages patients to follow up with a primary care doctor. We capture the peak hours when children would otherwise have to go to the emergency room," Schor said.
Schor said Pennsylvania fit well with the rest of the company's portfolio, which includes locations in southern New Jersey and Maryland. It has 18 New York locations, including eight on Long Island.
The area where the new clinic is located had a median household income of $122,000 in 2016—about double the national average. Schor noted that PM Pediatrics takes most major Medicaid plans and will do so in this new location.
He said he expects the company to reach 60 locations by the end of next year. Its expansion has been aided by $48 million from private investors, including Scopia Capital. —J.L.
From Crain’s New York Business