Camellia Healthcare Completes Growth Financing
Brentwood Capital Advisors LLC Serves as Exclusive Financial Advisors
Brentwood Capital Advisors LLC recently acted as the exclusive financial advisor to Camellia Healthcare (“Camellia” or the “Company”) and assisted the Company in obtaining debt financing led by Cadence Bank. Proceeds were used to refinance existing indebtedness and fund future acquisitions.
Camellia is a leading regional provider of home health, hospice, and private duty services. Based in Hattiesburg Miss, Camellia operates 37 locations in Mississippi, Louisiana, Georgia and Tennessee. Camellia’s Chief Executive Officer, Mr. Abb Payne, remarked, “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.”
“Camellia has done a fantastic job growing both their home health and hospice operations, despite a challenging reimbursement environment in home health,” stated L.A. Galyon of Brentwood Capital Advisors LLC. “This credit facility will enable the Company to continue that growth for the next few years. We were pleased to serve as Camellia’s exclusive financial advisor and look forward to working with them in the future.”
Bill Crawford, Head of Healthcare Banking at Cadence added “Camellia fits our profile of well-managed, growth-oriented companies. We are delighted to have Abb and the team at Camellia as a new customer.”
About Camellia Healthcare
Camellia Healthcare, founded in 1974 by W.A. Payne, is a Medicare certified, state licensed provider of home health care and hospice services. Headquartered in Hattiesburg, Mississippi, Camellia provides a broad range of home health, hospice, and private duty services to Mississippi, Louisiana, Georgia, and Tennessee. For more information, please visit www.camellia.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.
About Cadence Bank
Cadence Bank, N.A., based in Birmingham, Ala., is a $5.9 billion bank with more than 100 locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Backed by 126 years of financial expertise, Cadence serves commercial and consumer clients with a full range of innovative banking and financial solutions designed to keep pace with their lives. These products and services include commercial and consumer banking, small business banking, treasury management, international banking, specialized lending, commercial real estate, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer loans, mortgages, home equity lines and loans, and credit cards. Cadence Bank and its affiliates, Linscomb & Williams and Cadence Insurance, are wholly owned subsidiaries of Houston-based Cadence Bancorp, LLC. Additional information about Cadence Bank is available at cadencebank.com. Cadence Bank, N.A. Member FDIC. Equal Housing Lender.