MY DR Now Raises Follow-On Investment From Kain Capital

By Noah Long • Jan 26, 2024

MY DR NOW recently announced it raised a follow-on investment from Kain Capital LLC, which is a leading private equity firm focused on the technology enablement of healthcare services companies. MY DR NOW is a leading provider of primary and specialty care with multiple locations in Arizona. The company’s total investment to date is $60 million.

The additional funding round will support the continued growth of MY DR NOW as it pursues its mission to provide convenient, affordable, and high-quality care to underserved populations in Arizona. And since Kain’s initial investment in August 2022, MY DR NOW has increased its operations from nine sites to 18 sites and has plans for significant future expansion within the state.

MY DR NOW is a comprehensive, value-based, and integrated primary and specialty care platform that offers an omni-channel approach to care delivery via convenient retail-based clinics, mobile house calls, and virtual visits. And all the MY DR NOW services, including primary care, mental health and specialty services, are available with extended hours on a scheduled or on-demand basis seven days a week, including holidays.

KEY QUOTES:

“With this additional investment, more people in the greater Phoenix area will benefit from ready access to affordable healthcare.”

— Dr. Payam Zamani Founder and CEO of MY DR NOW.

“Kain Capital is excited about the growth, execution, and evolution of MY DR NOW, and our new investment will help accelerate its ability to make affordable, convenient, high-quality care even more accessible in Arizona through its innovative care model.”

— Steven Yecies, Managing Partner at Kain Capital