M&A Healthcare Advisors (MAHA) Represents Serving Spirit Home Care in their Sale to Pillar Health Group
Los Angeles, CA – July 11, 2023 – M&A Healthcare Advisors (MAHA) is pleased to announce the sale of Serving Spirit Home Care (the “Company”), a leading Private Duty Home Care agency serving the Greater Philadelphia area. Since their founding nearly 10 years ago, Serving Spirit has built a reputation of service excellence throughout their local community. The company was acquired by Pillar Health Group, a provider of Home Health, Hospice, & Home Care services with locations throughout Texas, Arizona, Oklahoma, Oregon, and Pennsylvania. Mike Moran led MAHA’s transaction team and acted as Serving Spirit’s financial and strategic advisor.
“This acquisition is a great example of the support we provide through our consultation services,” Mike Moran commented. “In this circumstance, our client was approached directly by a buyer who had an interest in acquiring his business. Shortly thereafter we were introduced into the process to provide strategic and financial advisory, manage every aspect of due diligence, and to ultimately facilitate a successful transaction between both parties. We are extremely happy for our client who built a great business in Serving Spirit and can now benefit from a favorable exit. And we are grateful for Pillar Health, a great organization who delivered on the promises and expectations they set at the beginning of the process.”
Serving Spirit’s founder, Damian Wargo, commented, “Mike’s guidance pre and post LOI was crucial in driving the value of my business and a big factor as to why it sold. His ability to negotiate, keep me informed, problem solve, and manage all aspects of the due diligence process were exceptional. I would highly recommend MAHA if you are in the market to sell your business or need assistance assessing inbound interest from potential acquirers. I could not have done it without their support.”
The sale of Serving Spirit continues a tradition of attentive and expert representation put in place by the team at M&A Healthcare Advisors and shows how active healthcare acquisitions remain despite economic uncertainties.
About M&A Healthcare Advisors
M&A Healthcare Advisors (MAHA), is a boutique merger and acquisition (M&A) advisory group, focused on the lower-middle market healthcare industry. Their core purpose is to provide comprehensive, efficient, and committed transactional support for emerging or established, lower-middle market healthcare businesses.
The team at M&A Healthcare Advisors has sold companies in a variety of healthcare segments: Behavioral Health, Autism Services, I/DD, Hospice, Home Health, Home Care, Private Duty, Physician Practices, Physical Therapy, Staffing/Medical Recruiting, Facility-Based Care, Labs, Not-for-Profits, and all types of Pharmacy. Their full suite of services includes Sell-Side Representation, M&A Hourly Consulting, and Expert Valuation services.