Brentwood Capital Advisors Completes Fifth Assignment in 2002
Nashville, TN - November 14, 2002 -- Brentwood Capital Advisors, LLC. ("BCA") today announced it has completed its fifth transaction of 2002. BCA is a Nashville-based investment banking firm specializing in raising capital for and providing financial advisory services to growing, middle-market healthcare and business services companies. The $15.6 million equity financing for Nashville-based Surgical Alliance Corporation brings to $57.6 million the total raised for clients during 2002.
Surgical Alliance was created to form joint ventures with physicians to open specialty hospitals and freestanding outpatient surgical centers. The other completed transactions in which BCA served as exclusive financial advisor include $10 million in equity for Nashville-based KEYS Group Holdings, which financed the acquisition of Children's Comprehensive Services in a going private transaction; $20 million in mezzanine debt for Nashville-based Psychiatric Solutions to help finance future acquisitions in addition to the four freestanding psychiatric hospitals acquired in the past year; and $12 million in senior debt for Louisville- based Health Essentials.
"We are delighted to have served as exclusive financial advisor to these rapidly growing healthcare services companies," said Tom Wylly, partner of BCA. "These transactions are representative of our dedicated focus of serving proven management teams and companies that need access to capital or financial advisory assistance. As specialists in private capital solutions, we have outstanding relationships with a multitude of institutional investors that are interested in providing acquisition and growth funding. We are committed to filling the investment banking void left here in Nashville for an experienced advisor to serve successful, privately held, middle-market healthcare and business services companies."
Brentwood Capital Advisors was founded in 1999 and is headed by Kevin Murphy and Tom Wylly. Mr. Murphy was formerly head of the Private Capital Group of SunTrust Equitable Securities' Investment Banking Division. Mr. Wylly was previously co-head of the Corporate Finance Department of J.C. Bradford & Co. Additional key members of BCA include Nick Carteaux, formerly of Suntrust Equitable's Investment Banking Division, and Jonathan Smith, formerly of Robert W. Baird. BCA was founded by Jim Cooper, who was recently elected to represent the Fifth Congressional District.
Brentwood Capital Advisors has a distinguished Advisory Board including the following members:
David Bartholomew – Chief Executive Officer, Staffmark
Barbara Cannon – President, Director and Chief Executive Officer, Celeris Corporation
Paul Christians – Chief Executive Officer, Prime Office Products
Michael Cote – President and Chief Executive Officer, SecureWorks
Bob Dupuis – Interim Chief Executive Officer -Axonn Corporation
Ron Geary – Chairman, President and Chief Executive Officer, Res-Care
Rock Morphis – Chairman -Surgical Alliance Corporation / Chief Executive Officer, Heritage Health Systems, LLC
Edward Nelson – Founder and Partner, Nelson Capital
W. Earl Reed – Chief Executive Officer, The Allegro Group
Cartter Patten – Founder and Partner, Patten & Patten Investments
Don Taylor – Executive Vice President, American Healthways
Edward Wissing – Board Member, Psychiatric Solutions
Brentwood Capital Advisors, LLC is a Nashville-based investment banking firm specializing in raising capital and providing financial advisory services to growing, middle-market healthcare and business services companies. BCA's expertise includes raising a combination of private equity, senior debt and subordinated debt for proven companies and management teams with financing needs of at least $10 million for growth, acquisition, and recapitalization opportunities. BCA's mergers and acquisitions advisory services include buy- and sell-side assignments as well as fairness opinions for transactions of $25 million and more.
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