Candescent Healing Completes Merger
Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Candescent Healing
Brentwood Capital Advisors LLC is pleased to announce that it served as the exclusive financial advisor to Candescent Healing, LLC (“Candescent”) in its merger with RestorixHealth Inc. (“Restorix”).
Candescent and Restorix, both based in Tarrytown, NY, develop and manage comprehensive advanced wound care and hyperbaric treatment centers in collaboration with general acute care hospitals. The combined company, which will operate under the name RestorixHealth, represents one of the largest providers of wound care management services in the United States. As the demand for wound care services continues to grow, this merger allows the new company to provide industry-leading care to an increasing number of patients suffering from chronic wounds.
“We are excited to be partnering with RestorixHealth ,” said Robert Nixon, President and CEO of Candescent. “Combining our two companies will enable us to become a true national leader in this field and provide better patient outcomes to our network of hospital partners. Brentwood Capital Advisors, our investment banking advisor in this transaction, played a critical role in structuring, negotiating and closing a transaction that resulted in the best partner for both Candescent’s shareholders and the Company’s future growth. We relied on the BCA team’s expertise and were very impressed by their skill and creativity.”
“Candescent Healing has exhibited impressive performance since its formation in 2009. We believe this transaction positions the Company to reach the next level of strategic growth,” added Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We were pleased to advise Candescent on this important transaction and enjoyed working with Bob Nixon and the rest of the management team.”
About Candescent Healing LLC
Formed in 2009 and headquartered in Tarrytown, NY, Candescent Healing develops and manages Centers for Limb Preservation, Advanced Wound Healing and Hyperbaric Therapy in collaboration with general acute care hospitals. Located in select markets across the United States, each center is operated under the name of Candescent’s host hospital and is fully integrated into the organization’s clinical delivery system and continuum. For more information, visit www.candescenthealing.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 healthcare, information technology, financial services and business services. BCA has served as exclusive financial advisor in over 50 successfully closed transactions in these sectors. For more information, visit www.brentwoodcapital.com.