Brentwood Capital Advisors LLC Serves as Exclusive Financial Advisor to PivotHealth LLC
Brentwood Capital Advisors is pleased to announce the sale of PivotHealth, LLC (“PivotHealth”) to The Advisory Board Company (Nasdaq:ABCO). PivotHealth is a leading physician practice management firm based in Nashville, Tennessee. PivotHealth enhances The Advisory Board Company’s existing physician practice management capabilities and provides new growth opportunities with the addition of PivotHealth’s expertise in long-term physician practice management. Brentwood Capital Advisors served as PivotHealth exclusive financial advisor in the transaction, which closed August 1, 2011.
PivotHealth services address the increasing need for alignment between hospitals and their affiliated physician practices. The transaction complements the practice management and clinical integration services and broader research, consulting and technology services provided by The Advisory Board Company, which serves over 2,900 of the world leading health care institutions.
“The PivotHealth team and I are very excited to join forces with The Advisory Board Company to continue to build a powerful set of solutions to elevate physician performance. said John Phillips, Chief Executive Officer and Co-Founder of PivotHealth. “Together, we face a large and exciting market opportunity and I am confident that our collective work will meaningfully impact the health care industry.
Mike McClintock, PivotHealth President and Co-Founder, echoed Mr. Phillips, commenting, “The combined assets of PivotHealth and The Advisory Board Company form a health care organization second to none in the industry. Brentwood Capital Advisors, our investment banking advisor, has had a close working relationship with us for years and played an important role in this transaction. We have a very trusting relationship and benefitted enormously from Brentwood Capital Advisors expertise and commitment to our success.
“PivotHealth established a goal of identifying the best partner to provide its shareholders with liquidity while also giving management and employees an opportunity for success on a larger scale, stated Tom Wylly of Brentwood Capital Advisors. “This transaction achieved those objectives. We had a great working relationship with Mike McClintock, John Phillips, and the entire PivotHealth team.
PivotHealth is a physician practice management and services company serving independent and hospital-affiliated medical groups and networks. Based in Nashville, Tennessee, PivotHealth manages medium to large multi-specialty medical groups throughout the U.S. Their exceptionally experienced professional staff provides outsourced medical group management, implementation of hospital – physician strategies, a comprehensive array of consulting services, and the leading patient satisfaction survey program. For more information, please visit www.pivothealth.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 the healthcare, information technology, financial services and business services sectors. BCA has served as exclusive financial advisor in over 50 successfully closed transactions in these sectors. For more information, visit www.brentwoodcapital.com.