Deal List

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DEALS BY INDUSTRY

DEALS BY SERVICES

  • Advantage RN, LLC

    Healthcare: Providers & Services

    Independent travel nurse staffing company specializing in recruiting, screening, placing and tracking RNs, physicians and medical care specialists in temporary and permanent positions

    Sold to: Cross Country Healthcare, Inc. (Boca Raton, FL)

    Advantage RN, LLC

    Western Reserve Partners, a division of Citizens Capital Markets, Inc., served as the exclusive financial advisor to Advantage RN, LLC in its sale of assets to Cross Country Healthcare, Inc. (NASDAQ: CCRN).

    Founded in 2003 and headquartered in West Chester, OH, Advantage RN is one of the largest independent travel nurse staffing companies in the U.S., specializing in recruiting, screening, placing and tracking RNs, physicians and medical care specialists in temporary and permanent positions. The Company has developed a national footprint to efficiently serve the temporary and permanent staffing needs of leading healthcare facilities as well as Managed Service Provides and Vendor Management Systems.

  • Alternative Living Services

    Healthcare: Providers & Services

    Group of retirement centers

    $86 million initial public offering of common stock

  • American HomePatient Inc.

    Healthcare: Providers & Services

    Nationwide provider of home health care services

    Financial advisor for unsecured creditors’ committee; co-proponent with the company of reorganization plan providing 100% payment on unsecured claims

  • Children’s Comprehensive Services

    Healthcare: Providers & Services

    Provider of education, treatment and juvenile justice services for at-risk and troubled youth

    Sold to: Ameris Acquisition, Inc. (Nashville, TN)

  • Ethos Veterinary Health, LLC

    Healthcare: Providers & Services

    Operator of specialty veterinary hospitals

    Recapitalized by: Brown Brothers Harriman

    Ethos Veterinary Health, LLC

    Western Reserve Partners, a division of Citizens Capital Markets, Inc., is pleased to announce that it served as the exclusive financial advisor to Ethos Veterinary Health, LLC (“Ethos” or the “Company”) in its recapitalization by Brown Brothers Harriman Capital Partners (“BBHCP”). Through the recapitalization, Ethos remains independently owned by its veterinarian professionals and, under the leadership of founding CEO Ames Prentiss, is well capitalized to further accelerate its acquisition-focused growth strategy.

    Headquartered in Woburn, Massachusetts, Ethos is a leading provider of specialty veterinary health services with over 300 doctors of veterinary medicine throughout the United States. The Company’s unique integrated clinical model includes 21 specialty & emergency hospitals and a suite of complementary reference laboratory, compounding pharmacy and SaaS-based training services. The Company, formed in 2015 through the merger of four veterinary hospital systems, has since acquired six additional hospital systems and also earned a national reputation among veterinary professionals for providing exceptional quality-of-care, world-class professional development and a veterinarian-first culture. Through this minority equity recapitalization with Brown Brothers Harriman, Ethos has provided liquidity to its owners, gained a partner with significant experience scaling multi-unit healthcare businesses and positioned itself for future organic and acquisitive growth.

    The transaction was led by Managing Director and President David Dunstan, Director Andrew Male, Associate Margaret Graham and Analyst Brian Habacivch of Western Reserve Partners and Managing Director Dominic Barakat and Vice President Gillian Marcott of Citizens Capital Markets Healthcare Corporate Finance.

    Ames Prentiss commented, “We are so appreciative to the entire Citizens team for their commitment to advising Ethos through this important process. Not only were we able to maximize value for our redeeming owners while preserving the voice of the veterinarian, but we also found an ideal growth partner in Brown Brothers Harriman. We could not have asked for a better outcome.”

    “Ethos is an exemplary, differentiated veterinary hospital platform with an excellent culture and reputation as a specialty provider ‘of choice’,” said David Dunstan. “We were honored to represent the Company in this transaction and look forward to following Ethos’ continued success and growth with Brown Brothers Harriman.”

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.

  • Evergreen Healthcare Ltd. LP

    Healthcare: Providers & Services

    Operator of long-term health care facilities

    $33 million initial public offering of common stock

  • Evergreen Healthcare Ltd. LP

    Healthcare: Providers & Services

    Operator of long-term health care facilities

    Sold to: GranCare, Inc. (Atlanta, GA)

  • Indianapolis Physical Therapy Corp.

    Healthcare: Providers & Services

    Provider of out-patient and rehabilitative physical therapy services

    Sold to: RehabClinics, Inc. (Valley Forge, PA)

  • Lakewood Radiology Inc.

    Healthcare: Providers & Services

    Full service radiology practice

    Sold to: Radiology Consulting Associates (Solon, OH)

  • Regional Diagnostics

    Healthcare: Providers & Services

    Operator of outpatient diagnostic imaging centers

    Recapitalized by: Trivest Partners (Coral Gables, FL)

  • Vari-Care Inc.

    Healthcare: Providers & Services

    Operator of long-term health care facilities

    Sold to: Living Centers of America (Houston, TX)

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