I’m just in from Vermont, where I enjoyed biking and hiking along with all the artisanal beer and cheese that one treats herself with on a ladies-only family trip.
I also got a chance to dip in the Saint Lawrence River at a floating boat spa in Montreal. It’s gotta be cleaner than the Hudson, right? Well… added that to, and checked that off, my bucket list.
So what did I miss, healthcare fanatics?
Just in this morning: Advent International struck a deal to purchase Oak Hill Partners’ AccentCare, whose investment dates to 2007. I’m digging around for more specifics … Stay tuned or give me a shout at email@example.com if you’ve got any intel.
What I do know: The transaction comes some two years after Harris Williams and JP Morgan were tapped to find a buyer for the Dallas home health company. The initial process was ultimately shelved due to a misalignment of the price expectations between buyer and seller.
Back in August 2017, sources suggested the company was seeking a 10x Ebitda multiple, or a valuation upward of $700 million. Whether the sellers achieved that initial goal…TBD.
Sources had also characterized AccentCare as a well-run company, an appealing asset due to its joint ventures with health systems and a strong management led by CEO Steve Rogers.
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