Camellia Healthcare

Camellia Healthcare

Company Overview

Leading provider of home health care, hospice, and private duty nursing services based in Hattiesburg, MS, and providing services to Mississippi, Louisiana, Georgia, and Tennessee.

Leading regional provider of banking and financial solutions to commercial and consumer clients.

Situational Overview

Camellia has grown rapidly organically and through acquisitions.

The Company had outgrown its lender and needed to partner with a new capital source lender to take advantage of numerous acquisition opportunities.

Management wanted to consolidate certain outstanding debt facilities and simplify its capital structure.

Management did not have the experience or bandwidth to conduct a process that would successfully identify and close with a new financial partner and engaged BCA to assist in evaluating funding sources.

BCA Strategy

BCA believed Camellia could more than double the size of its existing credit facility, based on the Company’s strong financial performance and growth.

Assisted management in preparing a confidential memorandum that included pro-forma analysis that supported a larger credit facility.

As a result of a well-prepared confidential information memorandum and intensely competitive process, Camellia received a large number of highly attractive proposals.

Transaction Result

Camellia completed a cash flow-based term loan and revolving credit facility led by Cadence Bank.

The financing allowed management to pursue potential acquisition opportunities and long-term growth strategies.

Camellia refinanced certain existing indebtedness as part of the transaction.

Senior Debt Placement Funds Provided by
$14,000,000

“We are excited to have a new funding partner and financing in place with Cadence Bank. We plan to continue our aggressive expansion plan and this facility will provide the capital to fund currently targeted and future acquisitions. We enjoyed working with Brentwood Capital and will work with them in the future. BCA did a great job finding the right partner and best deal for our Company.”

- Abb Payne
CEO, Camellia Healthcare