Ancor Capital Partners has acquired DuvaSawko, a revenue-cycle and practice-management company serving the emergency healthcare sector. Ancor’s acquisition of DuvaSawko is the fifth healthcare company in the firm’s operating portfolio.
DuvaSawko provides its services to emergency physician groups and hospital-based emergency departments. The company has 30 plus customers that generate millions of annual patient visits in 70 facilities in 12 states. DuvaSawko has approximately 240 employees and is headquartered north of Daytona in Ormond Beach, FL (www.duvasawko.com).
DuvaSawko was founded in 1998 by CEO Charles Duva, MD, and Vice President and CIO William Sawko, MD. Both are Fellows of the American College of Emergency Physicians (FACEP). Drs. Duva and Sawko and other members of the senior management team are investing in the transaction alongside Ancor.
“We are pleased to partner with Chuck and Bill and the rest of the management team in this exciting growth company,” said J. Randall Keene, a partner at Ancor. “DuvaSawko has a similar philosophy to Ancor on the importance of corporate culture and how its positive influence can dramatically impact a company.”
Ancor Capital Partners invests in companies with enterprise values of $25 million to $150 million that have EBITDAs from $5 million to $15 million. Sectors of interest include manufacturing, distribution, health care, consumer staples, and outsourcing. The firm is has offices in Southlake, TX and Dallas, TX (www.ancorcapital.com).
Minneapolis-based Yukon Partners (www.yukonpartners.com) provided mezzanine capital and also made an equity co-investment in DuvaSawko. This is the fifth investment in which Ancor and Yukon have partnered together.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-29-16
