Brentwood Capital Advisors LLC Serves as Exclusive Financial Advisors to Hospice of North Alabama
Brentwood Capital Advisors is pleased to announce the sale of Hospice of North Alabama (“HNA” or the “Company”) to Abode Healthcare (“Abode”), a portfolio company of Frazier Healthcare (“Frazier”). Based in Huntsville, Alabama, HNA is a leading provider of hospice services and serves 17 counties in northern Alabama with a primary focus on the Huntsville, Decatur, and Muscle Shoals regions.
Jim Cunningham, Managing Member of HNA, commented, “We are excited to be working with Abode Healthcare and believe our partnership will provide an excellent opportunity to expand our geographic footprint in the Alabama market. Brentwood Capital Advisors’ experience and skills played a critical role in helping us identify and complete this transaction with Abode. We have enjoyed a long-term, trusting relationship with Brentwood Capital and are pleased with the outcome.”
“Hospice of North Alabama has an excellent reputation of quality and commitment to service. We are very impressed with the business they have established, and we look forward to working with the HNA team,” commented David Kosioff, Chief Financial Officer for Abode.
“HNA has positioned itself as the dominant player in their markets. This transaction pairs the Company with a partner for growth to expand that footprint,” stated L.A. Galyon of Brentwood Capital Advisors. “We were delighted to serve as Hospice of North Alabama’s exclusive financial advisor on this assignment and thoroughly enjoyed working the with HNA team.”
About Hospice of North Alabama
Founded in 2004 and based in Huntsville, Alabama, Hospice of North Alabama, provides quality end of life care to the terminally ill patients and their families. HNA provides hospice services in 17 counties with a primary focus on the Huntsville, Decatur and Muscle Shoals regions. For more information, visit www.hospiceofnorthalabama.com
About Brentwood Capital Advisors LLC
Brentwood Capital Advisors LLC, founded in 1999, is a privately held investment bank headquartered in Nashville, Tennessee, providing mergers and acquisitions and capital-raising advisory services to middle-market companies in the healthcare, information technology, financial services and business services sectors. Since 2002, BCA has served as exclusive financial advisor in 47 transactions representing more than $3.0 billion of value. For more information, visit www.brentwoodcapital.com.
About Abode Healthcare
Abode Healthcare was created by one of healthcareâ€™s most active investment groups, Frazier Healthcare, in 2012. Headquartered in Durango, Colorado, Abode provides home health and hospice services in Virginia and Alabama. For more information, visit: www.abodehealthcare.com.
About Frazier Healthcare
Founded in 1991, Frazier Healthcare is one of the leading providers of growth equity and venture capital to high growth and emerging healthcare service, biopharma and medical device companies. With over $1.8 billion under management, Frazier invests in over 100 companies across the entire developmental spectrum. From seed stage venture investments to leveraged recapitalizations of cash generating companies, Frazier Healthcare has established itself among entrepreneurs and seasoned executives as a preferred partner to help create and grow successful healthcare companies. For more information, visit: www.frazierhealthcare.com.