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Why the doctor who cofounded CityMD opened an urgent-care clinic in Queens even though he knew it'd lose millions

8 days ago   |   By Business Insider

CityMD cofounder Richard Park wanted to open up an urgent-care location in the Jackson Heights neighborhood of Queens, New York, but knew it would be a tough sell.
In the end, CityMD lost more than $5 million, Park told Business Insider.
Even so, the experience led CityMD to open more sites in lower-income areas of New York, and the Jackson Heights location is still open today.
Richard Park knew it was going to be a tough sell.
Park, the CEO and a cofounder of CityMD, wanted to set up an urgent-care site in Jackson Heights, an ethnically diverse neighborhood in Queens, New York, not far...
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