Healthcare Services

Aug 2016 CoreMedica Laboratories, Inc.

CoreMedica Laboratories, Inc.

Kansas City, Missouri

Bengur Bryan privately placed Series A Preferred Stock for CoreMedica in support of its future growth.

CoreMedica Laboratories Inc. is a Kansas City-based provider of cost effective laboratory blood testing for the early detection of common diseases, management of ongoing medical treatment and other wellness screening purposes.  The Company’s innovative methodology uses micro sample collection of capillary blood to provide a less expensive and more reliable alternative system to traditional venous blood collection and testing. CoreMedica’s customers include leading wellness screening providers, major retailers providing wellness screening kits and services, pharmaceutical companies and major medical research organizations and universities.

 

Private Placement and Financial Advisory Services
Aug 2014 Doctor’s Choice Home Care, Inc.

Doctor’s Choice Home Care, Inc.

Sarasota, Florida

Bengur Bryan & Co., Inc. arranged a senior debt working capital facility for Doctor’s Choice Home Care, Inc., a portfolio company of Evolve Capital, provided by Triumph Healthcare Finance.

Doctor’s Choice Home Care is a Medicare certified home health agency that provides skilled nursing, therapy, and home aide services along the west coast of Florida. Doctor’s Choice currently has seven locations in Florida.

Financial Advisory Services in the Arrangement of a Senior Debt Working Capital Facility
Aug 2014 Aspire Home Care & Hospice

Aspire Home Care & Hospice

Tishomingo, Oklahoma

Bengur Bryan & Co., Inc. arranged a senior debt working capital facility for Aspire Home Care & Hospice (Home Health Holdings), a portfolio company of Evolve Capital, provided by Triumph Healthcare Finance.

Founded in 1996, Aspire Home Care & Hospice, is a provider of Medicare home healthcare and hospice services in southern Oklahoma. Aspire’s aide services include skilled nursing, therapy and home health. The company currently has 13 locations and is headquartered in Tishomingo, Oklahoma.

Financial Advisory Services in the Arrangement of a Senior Debt Working Capital Facility
Jul 2013 Sequel Youth and Family Services, LLC

Sequel Youth and Family Services, LLC

Round Hill, VA

Bengur Bryan acted as Sequel’s adviser in the private placement of $127.5 million of preferred equity and senior notes.

Sequel Youth and Family Services, LLC develops and operates programs for at-risk and delinquent youths through residential facilities and community-based programs located in Iowa, Wyoming, Arizona, Michigan, Florida, Idaho, North Carolina, and Alabama.

Private Placement: $127.5 million of Preferred Equity and Senior Notes
May 2011 Hospice Source

Hospice Source

Dallas, Texas

Bengur Bryan acted as financial advisor to Hospice Source, a portfolio company of Evolve Capital, in privately placing $10.5 million of senior subordinated notes with Westbury Capital Partners.

Based in Dallas, TX, Hospice Source is a full service home medical equipment company providing a full range of respiratory therapy and durable medical equipment specifically to hospice providers and their patients

Evolve Capital is a private equity firm focused exclusively on leveraged recapitalizations of entrepreneurial businesses. Evolve was founded in 2005, but its principals have been partnering with entrepreneurs since 1993. It seeks to partner with companies with $2.5 to $4.0 million of EBITDA and a track record of growth.

Private Placement of $10.5 Million of Senior Subordinated Notes
Dec 2009 Sequel Youth and Family Services, LLC

Sequel Youth and Family Services, LLC

Round Hill, VA

Bengur Bryan acted as exclusive financial advisor to Sequel in its acquisition of Three Springs, Inc. and the private placement of $40 million of common equity and subordinated and senior debt.

Sequel Youth and Family Services, LLC develops and operates programs for at-risk and delinquent youths through residential facilities and community-based programs located in Iowa, Wyoming, Arizona, Michigan, Florida, Idaho, North Carolina, and Alabama.

Three Springs is a nationally-recognized leader in youth services founded in 1985 to provide therapy and education to adolescents struggling with emotional, behavioral and learning issues. Three Springs is headquartered in Huntsville, Alabama operates 18 programs in various states including Alabama, Florida, North Carolina, Indiana, Idaho and Arizona.

Buy Side Advisory Services and Private Placement of $40 Million of Common Equity and Subordinated and Senior Debt
Apr 2008 Sequel Youth and Family Services, LLC

Sequel Youth and Family Services, LLC

Round Hill, VA

Bengur Bryan acted as exclusive financial advisor and placement agent in conjunction with Sequel’s private placement of $10 million of senior notes.

Sequel Youth and Family Services, LLC develops and operates programs for at-risk and delinquent youths through residential facilities and community-based programs located in Iowa, Wyoming, Arizona, Michigan, and Florida.

Financial Advisory Services and Private Placement of $10 Million of Senior Notes
Aug 1998 Patient’s Choice Healthcare, Inc.

Patient’s Choice Healthcare, Inc.

Columbus, OH

Bengur Bryan advised Patient’s Choice and its shareholders on its sale to Universal Hospital Services, Inc. Bengur Bryan identified Universal as a strategic acquirer seeking to expand its geographical scope and assisted in the negotiations in the transaction.

Patient’s Choice is a medical distribution company that rents, sells and leases IVpumps to home infusion companies, long-term consulting pharmacies, oncology clinics and hospitals. The company sells over 4,000 disposables, rents over 60 different models of IV pumps and provides service on all IV equipment for biomedical recertification, repair and testing to hospital integrated health systems and alternate site providers. PCH serves customers in eight regional areas and represents over 70 equipment and supply manufacturers.

Universal Hospital Services is a provider of movable medical equipment through pay-per-use equipment management programs to more than 2,700 hospitals and other health care providers primarily in the mid-western U.S. In addition, UHOS provides support services including equipment delivery, training, technical and educational support, inspection and maintenance.

Sell Side Advisory Services in the Sale to Universal Hospital Services, Inc.
Jan 1998 Therapeutic Services of America, Inc.

Therapeutic Services of America, Inc.

Chicago, IL

Bengur Bryan represented and arranged equity and debt financing for Therapeutic Services of America, Inc. (TSA), in its acquisition of PrimeTech Services, Inc.

TSA, through its acquisition of PrimeTech Services, Inc., is a leading provider of multi-disciplinary therapy services to home health care agencies in the metropolitan Chicago market. The Company employs licensed physical, occupational and speech therapists, as well as audiologists and social workers, to deliver a comprehensive range of therapeutic services to patients at home who are recovering from an acute illness or injury or combating a chronic disease.

Private Placement of Equity and Debt Financing in the Acquisition of PrimeTech Services, Inc.
Mar 1997 Corporate Health Dimensions

Corporate Health Dimensions

Albany, NY

Bengur Bryan advised Corporate Health Dimensions (CHD) and its shareholders on its sale to a joint venture between Zurich Centre Investments Limited (ZC) and International Managed Care Advisors (IMCA). Bengur Bryan identified ZC and IMCA, both based in New York City, as an acquirer for CHD that could provide the resources for CHD to grow and expand its business more rapidly and meet the financial needs of its shareholders.

CHD is a leading health care management and service delivery company which specializes in providing and managing occupational and primary health care facilities and services for large corporate employers. It operates approximately 20 on-site corporate sponsored occupational health care facilities, five primary care facilities and one pharmacy for clients throughout the U.S. CHD provides health care services to over 150,000 employees, retirees and family members for its clients and is headquartered in Albany, New York.

Zurich Centre Investments is an affiliate of the Zurich Insurance Group and International Managed Care Advisors (IMCA) is a private equity firm focused on the international managed care industry. ZC and IMCA acquired CHD to serve as a platform company to build an international managed care company to provide health care services to large multi-national companies globally.

Sell Side Advisory Services in the Sale to ZC Healthcare (Zurich Group)
Aug 1996 Biomedical Equipment Rental & Sales, Inc.

Biomedical Equipment Rental & Sales, Inc.

Raleigh, NC

Bengur Bryan advised Biomedical Equipment Rental & Sales, Inc. (BERS), and its shareholders on its sale to Universal Hospital Services, Inc. Bengur Bryan identified Universal as a strategic acquirer seeking to expand its geographical scope and assisted in the negotiations in the $12,650,000 cash transaction.

BERS is a leading full-service medical equipment rental company supplying health care providers with state-of-the art, income producing medical equipment and technical services, primarily in the Southeastern U.S. Principally through alternative rental programs, the Company provides a wide variety of medical equipment for use by various segments of the health care market including hospitals, home health care companies, nursing homes, surgical centers and clinical research laboratories. The Company, through its highly trained professional and technical staff, also provides its customers a full range of related support services, including full-service maintenance, in-service training and technical and delivery support.

Universal Hospital Services (NASDAQ:UHOS), based in Bloomington, Minnesota, is a $70 million market cap provider of movable medical equipment through pay-per-use equipment management programs to more than 2,700 hospitals and other health care providers primarily in the mid-western U.S. In addition, UHOS provides support services including equipment delivery, training, technical and educational support, inspection and maintenance. The acquisition of BERS allows UHOS to gain a large market share in North Carolina, South Carolina and Virginia and base to expand into the southeastern U.S.

Sell Side Advisory Services in the Sale to Universal Hospital Services, Inc.