IG Announces Completed sale of Home Health & Hospice Agency
The Independence Group (IG) has assisted in the sale of its client, a Home Health & Hospice Agency, to a private equity-based home health corporation. The buyer will incorporate the Company into a home health platform that it is establishing with acquisitions in California and other states.
The seller is a Sacramento-based agency with with additional locations in the North Bay and San Diego. Its specialties include home infusion therapy, skilled nursing, physical therapy and rehabilitation, team hospice care and personal care/companionship. The Agency added a hospice care division in recent years that has grown rapidly.
The buyer is a corporation formed by two private equity firms that, in turn, partnered with a seasoned executive team. With this new addition, it will now service a census of approximately 2,000 patients.
"Our client was seeking a trusted, like-minded capital partner with a deep understanding of home health and hospice," said Larry Willis, President of IG. "Through our outreach we were able to match our client with this new platform, at a time when it needed an addition to its dynamic post-acute care model. We are pleased that the timing was right for all parties and that our client can look forward to continuing its best-in-class home health and hospice care."
Working closely with Larry Willis on the IG team was Alejandra (Ale) Cavazos, Vice President of Finance and Administration. Ale was instrumental in compiling and reconciling financial due diligence processes, as well as assisting in all aspects of closing the transaction for IG.
IG works in tandem with its buy-side services division, Acquisition Partners (AP), to provide a full range o f M&A services. For more information about AP visit www.acq.partners .