Advent Home Health

M&A Healthcare Advisors met the family behind Advent Home Health at a healthcare speaking engagement located in Las Vegas. The Advent ownership team was in need of an M&A Consultant to assist with an on-going negotiation to be acquired by Intermountain Health, a large integrated health system that had recently expanded into the Las Vegas area.

Advent Home Health is a Joint Commission Accredited, award winning agency serving the larger Las Vegas, Nevada area.  The operational team consisted of second-generation family members, who worked in administration, marketing, and in the field.  Given their high ratings, size, and strong reputation in the community, Advent was the primary target for Intermountain Health as they looked to expand their patient services in the area.

Client

  • Family owned and operated agency for over 20 years.
  • Minimal M&A experience with the need for guidance and support regarding an identified buyer.
  • Over 80 total personnel, including 60 caregivers/therapists, providing Skilled Nursing and Therapy services.

Objective

  • Interface with multiple family members, providing guidance in a consultation capacity.
  • Maintain market valuation, despite not going through a broad auction process.
  • Oversee third party valuation, LOI execution, Due Diligence, and Drafting of Asset Purchase Agreement.
  • Provide support teams for Financial and Legal Diligence processes.

Result

  • Based on the buyer’s Non-Profit status, corporate headquarters out-of-state, and multiple approval committees, the timeline of the process were paced over 18 months.

  • All family members involved in operations successfully transitioned to the new company.

  • Due to constant vigilance, the operations and finances of the operations remained consistent through process.  The result was a strong valuation and attractive deal terms which were not adjusted from the initial offer provided over a year prior to close.

“Andre and his team went above and beyond. I felt that someone had my back, which was so important due to my lack of experience with selling an agency. I’m a nurse by trade and have very little understanding of the M&A industry. So having Andre and the MAHA team with us through every step of the way instilled confidence in me daily. Andre was extremely professional and managed a lot of personalities and teams through this complicated process. We could not have done it without his guidance, and we couldn’t be happier with the outcome.”

Claudine Wynot, Administrator
Advent Home Health

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