Capstone Partners advised Nevada Heart and Vascular Center, LLP (NHVC), a provider of comprehensive cardiac and vascular services, on its Structured Investment and Recapitalization from Oaktree Capital Management (Oaktree), and Alvarez and Marsal Capital Partners, LLC (A&M). Terms of the deal were not disclosed.
Nevada Heart and Vascular Center is the leading cardiovascular group in the Southern Nevada/Las Vegas region. The Company’s service offerings include both noninvasive and invasive procedures and it operates the only imaging center in the region that is owned by a private cardiology group. The Company, owned by its physician partners, was founded in 1999.
Capstone took the time to not only understand our business, but to help us structure a deal that met our strategic objectives. They worked tirelessly and provided that guidance through to a successful close.
As a result of this transaction, NHVC now has a Management Services Organization in place that will enable them to consolidate the market in Las Vegas as well as expand into other states.
Dr. Bill Resh, founding Partner of NHVC, stated, “NHVC required an advisor that would help us investigate the multiple and complex capital alternatives available to a growing practice such as ours. Our objective was to find a capital partner who would help us grow, yet maintain our culture of a physician-owned and led organization.”
The Capstone Healthcare team who advised on the deal commented “This transaction provides institutional capital which supports the company’s ability to grow. NHVC is well positioned as a physician owned and run business that also provides an attractive strategic alternative for cardiologists who are looking for a partner.”
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in assets under management across four funds and three investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (A&M), one of the largest operationally-focused advisory firms in the world. A&M Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making A&M Capital an attractive partner to management teams and business owners. A&M Capital is headquartered in Greenwich, CT with offices in Manhattan Beach, CA, and London, England.
Oaktree is a leader among global investment managers specializing in alternative investments, with $148 billion in assets under management as of December 31, 2020. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide.