Spring & Sprout Completes Growth Equity Investment

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Spring and Sprout Dental Management LLC

Brentwood Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Spring and Sprout Dental Management LLC (“S&S” or the “Company”), in its recently completed investment led by Huron Capital Partners (“Huron”).

Headquartered in Dundee, Michigan, S&S is a regionally focused pediatric dental support organization that plans to grow by acquiring existing and developing new units throughout the Midwest. S&S is led by Michael Schwartz, Jim Usden and Mick Janness, who all have extensive experience in the pediatric dental market.

“Our strategy is to focus on treating adolescents from ‘Birth to Braces’. We wanted to partner with a private equity fund with significant dental industry experience that shared our vision and goals. We are delighted to partner with Huron on these initial acquisitions and to support our future growth,” said Michael Schwartz, CEO of S&S. “Brentwood Capital Advisors played a critical role in this process. They helped us communicate the Company’s unique position in the under-served pediatric dental market; navigate the buyer universe; and negotiate the best terms for our management team. We are pleased with the result and greatly value our relationship with the Brentwood team.”

“The S&S team has an impressive track record in the dental practice support sector. This investment will allow the Company to purchase the practices that will form the S&S platform and will provide the additional funding required to execute on its acquisition and de novo growth strategy,” added L.A. Galyon IV, Director of Brentwood Capital Advisors. “We were pleased to serve as the Company’s advisor and have great confidence in management’s ability to execute on its plan.”

About Spring and Sprout Dental Management LLC
Spring and Sprout Dental Management is a full-service dental practice support organization focused on providing services exclusively to the pediatric and orthodontic segments of the dental care industry in the Great Lakes region of the U.S. The Company will provide clinic-level operational support as well as centralized back-office services to a network of pediatric dental practices, allowing clinicians to focus on delivering high quality patient care. For more information, visit www.springandsprout.com.

About Brentwood Capital Advisors LLC
Based in Franklin, Tennessee, Brentwood Capital Advisors is an independent banking boutique specializing in providing mergers & acquisitions and capital raising advisory services to middle-market companies in the healthcare, enterprise software, internet, financial services, and business services sectors. BCA has served as exclusive financial advisor in over 60 successfully closed transactions totaling over $4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has twelve investment banking professionals. For additional information please go to our website at www.brentwoodcapital.com.

About Huron Capital Partners
Huron Capital is an operationally-focused private equity firm investing in lower middle-market companies. For more than two decades, the firm’s partners have worked closely with strong operating executives in helping niche companies reach their full potential. Founded in 1999, Huron has raised over $1.1 billion in committed equity capital dedicated to this market. Primary types of transactions include management buyouts, corporate carve-outs, recapitalizations, family successions and industry market-entry strategies with transaction values up to $200 million. For more information, please visit www.huroncapital.com


Brentwood Capital Advisors adds managing director

Brentwood Capital Advisors announced today it has added Dave Meagher as managing director.

Meagher will focus on advising clients on various health care sectors, including medical technology, specialty pharmaceuticals and contract research organizations.

Previously, Meagher served as managing director and head of healthcare investment banking with Duncan-Williams, Inc., in Nashville. Prior to that, he was a senior member of the healthcare investment banking groups at Morgan Keegan and SunTrust Robinson Humphrey, both in Nashville.

Meagher started his investment banking career at Canaccord Genuity in Boston and later spent several years in corporate banking relationship management roles, serving medical device and biotechnology companies at FleetBoston (now part of Bank of America).

A Boston native, Meagher is a graduate of College of the Holy Cross.

“We are delighted to have Dave join our team” Kevin Murphy, managing partner of the Franklin-based independent investment banking boutique company, said in a release.  “He brings deep medical technology industry expertise as well as extensive transaction experience. Dave’s addition will accelerate our efforts to expand into more healthcare sectors and serve more businesses in these attractive, high-growth sectors.”


Brentwood Capital Advisors Adds Veteran Healthcare Banker

Brentwood Capital Advisors LLC (“BCA”) is pleased to announce that Dave Meagher has joined the firm as Managing Director where he will focus on advising clients across a range of healthcare sectors, including medical technology, specialty pharmaceuticals, and contract research organizations.

“We are delighted to have Dave join our team” said Kevin Murphy, Managing Partner at BCA. “He brings deep medical technology industry expertise as well as extensive transaction experience. Dave’s addition will accelerate our efforts to expand into more healthcare sectors and serve more businesses in these attractive, high growth sectors.”

“I am excited to be a part of Brentwood Capital,” said Dave. “I look forward to joining this dynamic team and continuing to build an exemplary firm dedicated to serving the strategic needs of middle-market growth companies.”

Prior to joining BCA, Dave was a Managing Director and Head of Healthcare Investment Banking with Duncan-Williams, Inc. in Nashville. Prior to Duncan-Williams, Dave was a senior member of the Healthcare Investment Banking groups at Morgan Keegan and SunTrust Robinson Humphrey in Nashville. Dave started his investment banking career in the Healthcare Investment Banking group at Canaccord Genuity in Boston, and also spent several years in corporate banking relationship management roles, serving medical device and biotechnology companies, at FleetBoston (now part of Bank of America). Dave is a Boston native and a graduate of The College of the Holy Cross in Worcester, MA.

About Brentwood Capital Advisors
Based in Franklin, TN, Brentwood Capital Advisors is an independent investment banking boutique specializing in providing mergers & acquisitions and capital raising advisory services to middle-market companies in the healthcare, enterprise software, internet, financial services, and business services sectors. BCA has served as exclusive financial advisor in over 60 successfully closed transactions totaling $4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has twelve investment banking professionals. For additional information please go to our website at www.brentwoodcapital.com.


Local EMR play acquired by Pittsburgh software company

Brentwood-based The Rehab Documentation Company, known as ReDoc, has been acquired by Net Health, a Pittsburgh-based software company.

ReDoc provides integrated electronic medical records and other solutions for physical, occupational and speech therapy markets. Through the deal, terms of which were not disclosed in a release, Net Health intends to expand from the outpatient speciality care market into the rehabilitation sector.

“We saw that the quality of their solution was so well regarded that it was adopted by some of the biggest names in hospital-owned rehabilitation therapy services,” said Anthony Sanzo, Net Health CEO.

Net Health is a portfolio company of Spectrum Equity, a technology-based growth equity firm. Brentwood Capital Advisors served as financial advisor to ReDoc in the transaction.

“The culture and customer-focused approach at Net Health made it a natural fit,” said Bill Southwick, ReDoc CEO. “The ReDoc team constantly develops and improves our products and services for an increasingly sophisticated rehabilitation customer base. As a component of Net Health’s integrated outpatient solutions, with a combined workforce of nearly 200 employees, ReDoc now has the opportunity to surpass customer expectations of service, integration and connection to the broader patient care community.”


ReDoc Completes Sale to Net Health

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to ReDoc

Brentwood Capital Advisors LLC is pleased to announce that it served as the exclusive financial advisor to The Rehab Documentation Company (“ReDoc”) in its sale to Net Health, a portfolio company of Spectrum Equity.

Headquartered in Brentwood, TN, ReDoc is a leading provider of integrated clinical EMR and management solutions for the growing physical, occupational, and speech therapy markets. With clinical, technical and management experience in the therapy industry, ReDoc understands the unique business and clinical needs of physical therapists, occupational therapists and speech-language pathologists. Net Heath is a leader in software solutions for outpatient specialty care, serving wound care, urgent care, occupational medicine, employee health and workplace medicine facilities.

Bill Southwick, CEO of ReDoc, commented, “The ReDoc team constantly develops and improves our products and services for an increasingly sophisticated rehabilitation customer base. As a component of Net Health’s integrated outpatient solutions, ReDoc has the opportunity to surpass customer expectations of service, integration, and connection to the broader patient care community. Brentwood Capital Advisors, our investment banking advisor, played an important role in negotiating, structuring and closing this transaction. We were impressed by Brentwood Capital’s expertise and thoughtfulness in positioning the Company’s strong market position in rehabilitation therapy software and in helping us navigate complex transaction document negotiations and the comprehensive diligence process.”

“Due to clinical and regulatory complexities, rehabilitation requires highly specialized EMR and practice management solutions. ReDoc’s niche products have positioned the Company as the leader in the rehab space, as witnessed by its blue chip customer base of the biggest hospital-owned therapy services providers,” added Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We were extremely impressed by Bill Southwick and his team and were pleased to advise ReDoc on this important transaction.”

About The Rehab Documentation Company
ReDoc has been the leader in therapy documentation and management software for nearly two decades. With clinical, technical and management experience in the therapy industry, ReDoc understands the unique business and clinical needs of physical therapists, occupational therapists and speech-language pathologists in hospitals and private practices. ReDoc is focused on providing solutions for therapists to efficiently document patient care to improve reimbursement, increase profitability, and, most importantly, enhance patient care and satisfaction. All of the company’s solutions maintain current industry standards with Microsoft and HL-7 and are interoperable with multiple office systems.

About Brentwood Capital Advisors LLC
Based in Franklin, TN, Brentwood Capital Advisors is an independent investment banking boutique specializing in providing mergers & acquisitions and capital raising advisory services to middle-market companies in the healthcare, enterprise software, internet, financial services, and business services sectors. BCA has served as exclusive financial advisor in over 60 successfully closed transactions totaling $4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has twelve investment banking professionals. For additional information please go to our at www.brentwoodcapital.com.


RevPoint Completes Sale to Availity

Brentwood Capital Advisors LLC is pleased to announce that it served as exclusive financial advisor to RevPoint Healthcare Technologies, Inc. (“RevPoint”) in its sale to Availity, L.L.C. (“Availity”).

Headquartered in Brentwood, TN, RevPoint delivers a SaaS-based workflow automation solution to assist healthcare providers in collecting the patient liability for services rendered. The guided registration process increases collections by driving registrar compliance with the providers’ financial policies and providing the step-by-step instructions to gather the requisite information to determine insurance eligibility, patient liability, capacity to pay and obtain either full or partial payment at the time of care. Rising patient liability and changing regulations are driving increasing demand for RevPoint’s capability.

Hal Andrews, CEO of RevPoint, commented, “We are excited to join Availity. The RevPoint technology adds a key front-end capability to Availity’s product offering by effectively addressing the rising patient liability. The combined platform provides a powerful solution for healthcare providers. Brentwood Capital Advisors, our investment banking advisor, played an important role and conducted a highly-competitive process that generated a great outcome for RevPoint’s shareholders. We have a very trusting relationship and benefitted enormously from Brentwood Capital Advisors’ expertise and commitment to our success.”

“RevPoint provides a critical solution in addressing providers’ growing portion of patient liability. The SaaS-based technology integrates hospital and third-party information to automatically identify capacity to pay, discounts, payment plan options and financial assistance, resolving patient accounts before services are rendered. This powerful front-end solution is unique in providing dynamic scripting and embedded quality assurance to prevent errors,” added Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We were delighted to serve as RevPoint’s exclusive financial advisor and enjoyed working with the RevPoint team.”

About RevPoint Healthcare Technologies, Inc.
RevPoint is a revenue cycle management company with a proven solution to increase point-of-service collections, enhance employee performance and improve patient satisfaction. From real-time registration QA to customized scripting, RevPoint’s technology provides fast, simple resolution of patient accounts at the point of service. For more information, visit http://revpointhealth.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 & acquisitions and capital-raising advisory services to middle-market companies in healthcare, information technology, financial services and business services. BCA has served as exclusive financial advisor in over 50 successfully closed transactions in these sectors. For more information, visit www.brentwoodcapital.com.