FCC Receives investment from Revelstoke

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Family Care Center


Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Family Care Center, LLC (“FCC” or the “Company”), a provider of outpatient psychiatry services to the U.S. Armed Forces, veterans and the surrounding communities, in its recently completed investment from Revelstoke Capital Partners (“Revelstoke”).

Founded in 2016 by Dr. Charles “Chuck” Weber, a Board-certified psychiatrist and a 25+ year Army veteran, FCC provides therapy, medication management and Transcranial Magnetic Stimulation (“TMS”) in four clinics located across the Colorado Springs market.  FCC’s 40+ mental health providers offer services to both children and adults and specialize in services for military families and veterans.  FCC is the largest provider of private psychiatry services to U.S. Armed Forces and veterans in Colorado.

“We are thrilled to partner with Revelstoke, who shares our vision for serving the military community and expanding our psychiatric services to more patient populations. Revelstoke’s expertise in multi-site healthcare service practices combined with their relationships and operational resources will be extremely valuable as we expand our current footprint to other markets,” said Dr. Weber, founder & Chief Medical Officer of FCC. “BCA was a critical resource in guiding me through the M&A process, advocating on my behalf for the best possible outcome at every point during the transaction. They served as a trusted advisor as they helped FCC find the right partner for its next phase of growth.”

“FCC’s replicable business model, commitment to the military community, operational excellence and stellar clinical reputation created a highly attractive and differentiated platform opportunity,” said L.A. Galyon, Managing Director and Partner at BCA. “The behavioral health sector continues to be a key focus area for BCA’s healthcare services practice, and the FCC transaction bolsters BCA’s leadership position in behavioral health investment banking, which now includes 16 transactions in this sector.  We were honored to work with Chuck and his team, and we expect nothing but continued success for FCC as the Company and Revelstoke seek to expand access to high-quality outpatient mental healthcare services.”

About Brentwood Capital Advisors

Headquartered in Franklin, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market healthcare, technology, and tech-enabled services companies. For more information, visit www.brentwoodcapital.com.

About Family Care Center

Family Care Center is the largest provider of private psychiatry services to the U.S. Armed Forces and veterans in Colorado. FCC offers comprehensive psychiatric services for both children and adults including psychotherapy, medication management, TMS and other similar outpatient mental health services. FCC has assembled a treatment team that is grounded in evidence-based and research-proven interventions which allow for the highest quality of care. For more information, visit www.fcsprings.com.

About Revelstoke Capital Partners

Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare and related business services sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $2.5 billion of assets under management. Since its inception in 2013, Revelstoke has completed 82 acquisitions, which includes 19 platform companies and 63 add-on acquisitions. For more information, visit www.revelstokecapital.com.


Rsource Receives Investment from Sunstone Partners

BRENTWOOD CAPITAL ADVISORS SERVES AS EXCLUSIVE FINANCIAL ADVISOR TO RSOURCE

Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to R. Smith International, LLC, d/b/a RSource (the “Company”) in its recently completed investment from Sunstone Partners (“Sunstone”).

Headquartered in Boca Raton, Florida, RSource provides specialty revenue cycle management (“RCM”) services that help hospitals and health systems to efficiently manage complex areas of the revenue cycle, including clinical denials, patient-involved denials and accident claims. Beyond these core offerings, RSource assists its customers with eligibility services, low-balance insurance recovery and legacy system conversions. The Company delivers industry-leading performance through the combination of a multidisciplinary approach and cross-functional expertise, driving measurable ROI for its clients across the country. 

“This investment is a very exciting milestone for RSource. We are thrilled to partner with Sunstone Partners and to leverage their deep healthcare and operational experience to power us through our next phase of growth” said Larry Reid & Robert Smith, Co-Founders of RSource. “We’ve had a longstanding relationship with BCA, who advised and guided us through every step of this process. We appreciate their excellent work and dedication to finding the right partner for our employees, partners and shareholders”. 

“RSource’s seasoned leadership team, leading market position and accelerating growth, even in this challenging market, created a highly attractive opportunity,” added Porter Meadors, Director at BCA. “It was a pleasure representing RSource and we look forward to watching their continued success as a partner of Sunstone.” 

About Brentwood Capital Advisors

Based in Franklin, Tennessee, Brentwood Capital Advisors is one of the South’s leading boutique investment banks, providing 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 on transactions totaling over $6.8 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 24 investment banking professionals. For more information, please visit www.brentwoodcapital.com.

About RSource

Founded in 2008, RSource helps major health systems and hospitals across the U.S. recover maximum dollars from all types of third party-payer claims. Specializing in denials, complex claims and RCM optimization, RSource deploys an experienced, tech-enabled team to customize receivables management solutions. RSource’s programs are designed to accelerate and maximize netback, enhance patient satisfaction, and provide actionable feedback to improve front-end processes. For more information, please visit https://rsource.com/.

About Sunstone Partners

Sunstone Partners is a growth-oriented equity firm that makes majority and minority investments in technology-enabled services and software businesses. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit www.sunstonepartners.com


CareHere to be Acquired by Premise Health

BRENTWOOD CAPITAL ADVISORS SERVES AS EXCLUSIVE FINANCIAL ADVISOR TO CAREHERE

Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to CareHere, LLC (“CareHere”), which recently entered into a definitive agreement to be acquired by Premise Health (“Premise”).  The transaction is scheduled to close on September 30, 2020, subject to customary closing conditions.

Headquartered in Brentwood, TN, CareHere is a leading operator of wellness centers for self-funded organizations, including large manufacturers, municipal and state governments, universities, and Taft-Hartley plans.  Operating 200+ on-site and near-site primary care and occupational health clinics in 28 states, CareHere partners with employers to inspire their employees and families to achieve well-being and greater health through innovative, quality, cost-effective health care solutions. 

“I am proud of our unfailing commitment to innovation and patient care at CareHere.  We look forward to continued success and innovation with Premise as we remain committed to delivering superior health and financial outcomes by challenging traditional conventions of health care for employers across the country” said Ernie Clevenger, Co-Founder and CEO of CareHere.  “We enjoyed working with BCA on this important transaction as they advised and guided us through every step of this process.  Their healthcare and transactional expertise played a critical role in structuring, negotiating and ultimately signing a deal with the right partner for our employees, patients and shareholders.”

“Since co-founding the company 16 years ago, Ernie Clevenger, Ben Baker and their team have built CareHere into an industry leader serving self-insured employers and municipalities nationwide.  Combining with Premise Health provides tremendous resources and scale to continue to lead the industry in innovation and client services,” added Tom Wylly, Senior Partner at BCA.  “It was a pleasure representing CareHere, and we look forward to watching the combined success of CareHere and Premise.” 

ABOUT BRENTWOOD CAPITAL ADVISORS

Based in Franklin, TN, Brentwood Capital Advisors is one of the South’s leading boutique investment banks, providing 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 on transactions totaling over $6.8 billion in value in these sectors.  Founded in 1999, the firm is partner-owned and has 24 investment banking professionals. For more information, please visit www.brentwoodcapital.com

ABOUT CAREHERE

CareHere is a trusted population health management solutions organization that pioneered and continues to innovate employer provided on-site and near-site primary care and occupational health at significant cost savings. The Nashville-based health care leader utilizes health centers, TeleHealth, and has recently launched eHealth™ Centers, utilizing an on-site nurse and a secure, HD video connection to the provider.  Started in 2004 and known for its patient-centered approach and delivering its care with enthusiasm and compassion, CareHere cares for patients in 28 states and 200+ health centers nationwide. For more information, please visit www.carehere.com. 


Harmony HCIT is Repacitalized

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Harmony Healthcare IT

Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Harmony Healthcare IT (“Harmony” or the “Company”) and its affiliated entities in its recently completed recapitalization by Primus Capital Funds (“Primus”).

Founded in 2004 and based in South Bend, Indiana, Harmony offers a HIPAA-compliant and cost-effective data extraction and legacy data archiving solution for healthcare facilities decommissioning clinical, financial, administrative or other software systems. The Company’s enterprise platform enables a one-stop migration and archiving solution that is required by regulators for a healthcare facilities’ storage and protection of sensitive legacy PHI data.

“We are excited to partner with Primus,” said Tom Liddell, Harmony CEO. “This partnership will enable us to further accelerate growth, support our customers and leverage Primus’ extensive healthcare information technology expertise. BCA, our exclusive investment banking advisor, played a critical role in creating a competitive process, articulating the Company’s significant growth opportunity and highly visible future revenue and EBITDA. BCA provided the necessary support and guidance to reach a successful close. Their process yielded a great outcome for shareholders and a strong partner who shares our enthusiasm for the Company’s continued success.”

“Harmony’s growth, seasoned management team and leading market position within the healthcare data archiving industry made the Company highly attractive to Primus,” added Porter Meadors, Director at Brentwood Capital Advisors. “We were pleased to represent Harmony and the talented team in this important transaction. We look forward to their continued success.”

About Harmony Healthcare IT Since 2006, health IT analysts at Harmony Healthcare IT have extracted demographic, financial, clinical and administrative data from hundreds of healthcare applications — both ambulatory and acute. Headquartered in South Bend, Indiana, the company’s mission is to preserve vital information that will improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability and analytics to provide its clients with trusted solutions. Working with hundreds of software brands, billions of records and petabytes of data, Harmony Healthcare IT — with its product, HealthData Archiver® — provides clients with access to historical records. Simply. For more information, please visit www.harmonyhit.com.

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 99 successfully closed transactions totaling approximately $6.4 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.