Capstone Partners, a leading national investment banking firm, announced that it has successfully advised Invo HealthCare Associates, Inc. in its sale to Post Capital Partners.
Invo HealthCare was an excellent business to represent, and unique in that it operates at the intersection of two fast-growing industries, outsourced clinical services and education. Both of these industries are driven by the needs of their customers to improve outcomes and boost efficiency. As a result, both the outsourced clinical and the educational services sectors are experiencing heightened M&A activity.
Invo HealthCare is a premier provider of outsourced clinical services to schools, school districts and early intervention agencies throughout the U.S. The Company’s experienced staff of speech-language pathologists, occupational therapists, physical therapists, special instructors and school psychologists play a vital role in improving educational outcomes for special needs children and students. Well-regarded for the quality and clinical expertise of its therapists, Invo HealthCare has cultivated long-standing relationships with schools/school districts and early intervention agencies that often lack the internal resources, professional expertise or time to develop, retain and manage a staff of highly educated, trained and experienced clinicians necessary to provide these federally mandated therapeutic services.
Invo HealthCare was acquired by Post Capital Partners, a New York based private investment firm that invests in lower middle-market businesses. Post Capital was attracted to Invo HealthCare’s solid fundamentals and attractive growth prospects. Invo Healthcare was acquired as a platform investment, with plans to make future add-on acquisitions in the sector.
The Capstone M&A team of Eric Williams, Managing Director, and Mark Surowiak, Director, based in Philadelphia, PA, managed the transaction on behalf of the Company. Demand for healthcare staffing services related to special education programs in the U.S. is being fueled by rising therapy requirements, a shortage of therapists (particularly speech-language pathologists and occupational therapists) in many regional markets and the growing population of special needs children due to better diagnosis and increased prevalence of developmental disabilities.
“The market’s interest in Invo HealthCare was extremely robust,” added Mark Surowiak. “Both strategic and financial buyers were interested, and we had a very competitive sales process for the Company. We are pleased to team our client with Post Capital Partners, a quality buyer that is committed to working with management to fully capitalize on Invo HealthCare’s reputation for excellence and the strong demand inherent within the sector.”
Capstone Partners LLC is a leading national investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. The firm provides merger & acquisition, private placement, corporate restructuring, valuation and financial advisory services. Capstone maintains various industry specialties. The firm also possesses merchant banking capabilities to actively co-invest in transactions.
Awards & Accolades
- 2013: M&A Deal of The Year