Deal Summary
Under the exclusive advisement of McColl Partners, EnduraCare Therapy Management, Inc., formerly known as EnduraCare, LLC, has acquired Therapy Management Services, Inc. (TMS). Managing Director Dave Vorhoff led McColl Partners' execution of this transaction and was supported by Jamie Lewin, Nick Barto, and Lisa Holthaus. In financing the transaction and providing for the future working needs of EnduraCare, McColl Partners raised senior debt from CapitalSource LLC as well as mezzanine capital and equity from MedEquity Investors, LLC and Halpern, Denny & Co.
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About EnduraCare Therapy Management
For Las Vegas-based EnduraCare, a physical, occupational, and speech therapy services provider to the long-term care sector, the acquisition of TMS significantly expands the company’s market presence. TMS, headquartered in Mobile, Alabama, provides similar therapy services to hospitals, outpatient clinics, and physicians’ offices. As a result, the combined company becomes a leading provider of therapy services in a health care industry where a growing number of hospitals, nursing homes, and physicians groups are outsourcing therapy services in order to meet the demands of an aging population. EnduraCare expects to generate 2003 revenue of $60 million, providing therapy services at 165 locations throughout 23 states and employing 2,000 therapy professionals.
About McColl Partners
McColl Partners is an independent investment banking advisory boutique specializing in the needs of management and owners of middle market companies. With significant experience working with family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions, private capital raising, and valuation assignments.
To learn more about our expertise in the health care industry as well other industries, please call Dave Vorhoff at 704-333-0519. More information about McColl Partners can be found at www.mccollpartners.com.
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