Investment bank Capstone Partners has advised Invo HealthCare Associates on its recent sale to Post Capital Partners. The Capstone M&A team of Eric Williams, Managing Director, and Mark Surowiak, Director, managed the transaction on behalf of the company.
“Invo HealthCare was an excellent business to represent, and unique in that it operates at the intersection of two fast-growing industries, outsourced clinical services and education,” said Mr. Williams. “Both of these industries are driven by the needs of their customers to improve outcomes and boost efficiency. As a result, both the outsourced clinical and the educational services sectors are experiencing heightened M&A activity.”
Invo HealthCare is a provider of outsourced clinical services for special needs children in 23 states. It operates through two divisions that serve the needs of preschool children (3-5) and school age children (K-12). In addition, Invo’s early intervention division provides service delivery to children from birth to 3 years. Founded in 1993 by Patrick McClain, an occupational therapist and Mary McClain, an educator, Invo HealthCare now operates in 23 states. The company is based in Jamison, PA (www.invohealthcare.com).
Demand for healthcare staffing services related to special education programs in the U.S. is being fueled by rising therapy requirements, a shortage of therapists (particularly speech-language pathologists and occupational therapists) in many regional markets and the growing population of special needs children due to better diagnosis and increased prevalence of developmental disabilities.
“The market’s interest in Invo HealthCare was extremely robust,” said Mr. Surowiak. “Both strategic and financial buyers were interested, and we had a very competitive sales process for the company. We are pleased to team our client with Post Capital Partners, a quality buyer that is committed to working with management to fully capitalize on Invo HealthCare’s reputation for excellence and the strong demand inherent within the sector.”
Capstone is a middle market investment banking firm that provides mergers & acquisitions, private placements, corporate restructuring, valuation advisory, and merchant banking services. In addition to these transaction and financial advisory services, Capstone offers private equity firms, commercial lenders and private businesses with a range of strategic advisory services that are typically utilized for either pre-planning or assessment purposes. The firm is headquartered in Boston with additional offices in Chicago, Philadelphia, Los Angeles, San Diego and Silicon Valley (www.capstonellc.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-11-13