Brentwood Capital Advisors LLC Serves as Exclusive Financial Advisor to Navigator
Brentwood Capital Advisors is pleased to announce the sale of Navigator Group Purchasing, Inc. to Managed Health Care Associates, Inc. Navigator, based in Nashville, is one of the largest and fastest growing group purchasing organizations (GPOs) focused on servicing long term care facilities. MHA is a leading healthcare services GPO focused on alternate site providers. Brentwood Capital Advisors LLC served as Navigator’s exclusive financial advisor in the transaction, which closed in December.
Navigator delivers cost savings, cash flow improvements, and enhanced operational efficiencies to its nursing home customers through its food buying programs, supply contracts, and diverse technology tools. Navigator, which will operate as a subsidiary of MHA with responsibility for all of the combined companies food-related GPO services, will retain its name in the marketplace. Navigator’s entire management team, including Mark Eaton, Jake Eaton and Tim Stefan, will continue to lead Navigator.
Mark Eaton, CEO of Navigator commented, “This transaction is a great outcome for our company, its management and its shareholders, and we are very excited to be joining a leading healthcare services company like MHA. Brentwood Capital Advisors, our investment banking advisor, played a critically important role in structuring, negotiating and closing a transaction that met and exceeded the varying needs of our shareholders for liquidity and for ownership going forward. We benefitted enormously from Brentwood Capital Advisors expertise and commitment to success in this complex sale process.”
“Navigator established a goal of identifying the best partner to provide its shareholders with liquidity while also giving certain shareholders among its management group the opportunity to retain material ownership going forward,” stated Jack Harrington of Brentwood Capital Advisors LLC. “The transaction with MHA achieved all of those objectives, and it provided the most attractive strategic opportunity for the management group who will retain ownership in the combined entity. We had a great working relationship with Mark Eaton, Jake Eaton and the entire Navigator team, and our firm is pleased with the successful results of this assignment.”
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.
About Navigator, Inc.
Navigator Group Purchasing, Inc. has experienced leadership in healthcare and hospitality purchasing services, delivering savings and cash flow improvement to its members. A focused portfolio of products, innovative services and strong relationships with members, vendors and manufacturers differentiates Navigator from its competition. Carefully assembled discounted contracts with key vendors and manufacturers produces committed programs to members for improved savings and increased customer satisfaction. For more information, visit www.navigatorgpo.com.
About Managed Health Care Associates, Inc. (MHA)
MHA is a leading healthcare services company that offers a growing portfolio of services and solutions to support the diverse and complex needs of the alternate site healthcare provider. MHA provides expertise in Group Purchasing, Managed Care and Payer Contracting, Reimbursement Management, Specialty Pharmacy Solutions, Pharmaceutical Data Analytics, Clinical Pharmacy Software and Legislative Advocacy. Through the delivery of innovative and targeted healthcare services and solutions, MHA helps members increase operational efficiency, maximize business growth and provide optimum care for patients. For more information, visit www.mhainc.com.