John Kibler joins Brentwood Capital Advisors as Managing Director

Brentwood Capital Advisors, LLC (BCA), a partner-owned investment bank focused on the healthcare and technology industries, announced that John Kibler has joined as Managing Director. Kibler was formerly Partner and Managing Director at William Blair, where he originated more than 75 mergers and acquisitions. In this new role, Kibler will lead BCA’s Healthcare Information Technology (HCIT) practice.

With more than 24 years in investment banking, with 20 of those years spent leading transactions in the area of HCIT, the industry veteran has overseen more than $15 billion in mergers and acquisitions. His recent transactions include representing Zirmed in the sale to Bain/Navicure, the $950 million Netsmart sale and joint-venture with Allscripts-GI partners and Brightree’s $800 million sale to Resmed.

“We are thrilled to have John join our team,” said Kevin Murphy, Managing Partner at Brentwood Capital Advisors. “He brings deep longstanding relationships within the industry and a wealth of knowledge and expertise to our HCIT practice that will provide our clients the high level of service they have grown to expect when working with Brentwood Capital Advisors.”

In addition to prior experience establishing and leading the HCIT team at William Blair, Kibler spent 2.5 years at Dean Witter. Kibler brings real world experience in managed care and group health insurance. He served as Vice President and Chief Marketing Executive at Blue Cross Blue Shield Association.

Kibler will be the fifth member of BCA’s growing HCIT team that includes three bankers dedicated to originating and two to executing transactions. Kibler will focus on payor, provider, analytics, population health, revenue cycle management and consumer facing IT. BCA’s recent transactions include representing HealthStream in the sale of their Patient Experience business to Press Ganey, the recapitalization of Enable Comp with Primus Capital and the sale of White Cloud to Relias.

“Over the years I have found working with high-growth, entrepreneurial companies to be the best part of my career. Having crossed paths with the team at BCA on transactions, I have experienced their expertise firsthand and I am honored to be a part of this team,” said Kibler.


Comprehensive EyeCare Partners is Recapitalized by Gauge Capital LLC

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to CompEye

Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Comprehensive EyeCare Partners (“CompEye” or the “Company”) in its recently completed recapitalization led by Gauge Capital LLC (“Gauge”).

Headquartered in Las Vegas, Nevada, CompEye is a leading vision care practice management company that provides best-in-class, full-spectrum practice management and administrative services to its affiliated physicians and practices in support of their mission to deliver clinical excellence. The Company currently provides support services to over 30 ophthalmologists, 16 clinics and two ambulatory surgery centers across three nationally renowned practices: Nevada Eye Physicians, New Eyes of Southern Nevada, and Shepherd Eye Center.

“The founding and leadership team at CompEye has been very deliberate about the development of our MSO and our selection of a financial sponsor,” said Bill Moore, CompEye Chief Executive Officer. “We are excited to work with Gauge as we seek to expand our clinical footprint and continue to attract the best physicians in our industry. BCA, the exclusive investment banking advisor for CompEye, played a critical role in helping position the strong and continuously improving financial and operating results of the three practices, the attractive financial outlook associated with several recently signed large payer contracts and the practices’ strong longstanding market reputation. BCA conducted a highly competitive process that maximized shareholder value and found us the best partner with a shared vision for providing clinical excellence.”

“CompEye’s longstanding track record of best-in-class clinical care and experience managing at-risk payer contracts presented a highly attractive opportunity for investors,” added L.A. Galyon, Managing Director at Brentwood Capital Advisors. “Ophthalmology represents a growing segment of BCA’s physician services practice, and we were pleased to work with Bill Moore and the practice leaders to serve as CompEye’s exclusive financial advisor in this important transaction”.

Brentwood Capital Partners, L.P. II (“BCP II”) co-invested alongside Gauge in the transaction. BCP II is a $42.2 million private equity fund affiliated with Brentwood Capital Advisors.

About Comprehensive EyeCare Partners LLC
Formed in 2016, Comprehensive EyeCare Partners is a leading vision care practice management company in the Southwest currently serving over 30 ophthalmologists, 16 clinics and two ambulatory surgery centers across three nationally renowned practices: Nevada Eye Physicians, New Eyes of Southern Nevada, and Shepherd Eye Center.

About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors LLC is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 90 successfully closed transactions totaling approximately $5.7 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 19 investment banking professionals. For more information, please visit www.brentwoodcapital.com.


HealthStream Has Sold Patient Experience to Press Ganey

Brentwood Capital Advisors LLC (“BCA”) is pleased to announce that it served as the exclusive financial advisor to HealthStream, Inc. (“HealthStream”) in the sale of its Patient Experience (PX) business to Press Ganey Associates, Inc. (“Press Ganey”), completed on February 12, 2018. HealthStream’s Patient Experience business segment provides survey and research services to healthcare organizations.

Headquartered in Nashville, Tennessee, HealthStream is a leading provider of workforce and provider solutions for healthcare organizations—as its workforce platform is the most adopted platform in the healthcare industry for workforce development. “We enjoyed working with BCA on the divestiture of our Patient Experience business segment. Their expertise, diligence, and decorum played a critical role in maintaining the cadence of the transaction throughout,” stated Michael M. Collier, Senior Vice President of Business Development and General Counsel, HealthStream. “Having a world-class investment banking advisor like BCA in our court proved to be a great asset. We’re pleased to count them as our advisors and our neighbors.”

“We were thrilled to represent HealthStream in the sale of its Patient Experience business,” stated Tom Wylly, Senior Partner at BCA. “HealthStream is the technology-driven leader in providing internet-based learning and workforce solutions to healthcare organizations. We look forward to working with them in the future.”

 

About Brentwood Capital Advisors

Based in Franklin, Tennessee, Brentwood Capital Advisors LLC is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. This will be BCA’s 89th successfully closed transaction, equating to a value of $5.6 billion in these sectors. Founded in 1999, the firm is partner-owned and has 19 investment banking professionals. For more information, please go to www.brentwoodcapital.com.