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.
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.