Stoneridge Partners | September 29, 2015 – Don’s Blog

Don’s Blog

September 29, 2015 – Another Agency On Contract!

NEW – ON CONTRACT – Bayonne, NJ: Almost Family, Inc (NASDAQ:AFAM) announced that it has entered into an agreement to acquire the assets of the Medicare-certified home health agency owned by Bayonne Visiting Nurse Association in Bayonne, NJ. Head Shot

Brian Bruenderman, one of our partners, provided sell-side advisory services.

The agency generated approximately $4 million of revenue in 2014.  The transaction is expected to close before the end of 2015, subject to regulatory approvals.

NEW – DeBary, Florida: Assure Home Health, a Florida Medicare certified home health agency sold to a Florida Senior Care Provider.  Charles Cook, one of our partners, provided sell-side advisory services.

NEW – Quincy, Illinois:  CareLink, Inc, a non-Medicare home care provider sold to a regional healthcare company.  Rhonda Gronberg, our Director of Development,  provided advisory services.

Hackensack, New Jersey:  Elite Healthcare, Inc. sold to a regional home care provider, Brian Bruenderman, one of our partners, provided sell-side advisory services.

Louisville, Kentucky:  Kindred Healthcare divested their Gentiva and Kindred home health agencies in Utah.  Benjamin Bogan and Brian Bruenderman, two of our partners, provided sell-side advisory services.

Cherry Hill, New Jersey:  Lighthouse Hospice, Inc. sold to a regional hospice provider.  Congratulations to Elaine Ashby for building such a fine business.  Brian Bruenderman, one of our partners, provided sell-side advisory services.

Phoenix, Arizona:  Good Life Home Care, a Medicare certified home care agency, sold to a regional health care provider.  Ben Bogan, one of our partners, provided sell-side advisory services.

Providence, Utah:  Access Home Care & Hospice sold to a regional healthcare provider.  Stoneridge Partners provided sell-side advisory services.

Chicago, Illinois: Home Health & Hospice of Illinois, a large Medicare home health agency and hospice sold to a regional home care provider.  Stoneridge Partners provided sell-side advisory services.

Springfield, Virginia: Americare In Home Nursing, Inc., a leading Medicare-certified provider of skilled home health nursing and therapy services, with agencies in Springfield, VA, Ft. Washington, MD, and Washington, DC, sold to a regional home care provider.  Brian Bruenderman, one of our partners, provided sell-side advisory services.

MORE SALES:  To view additional transactions go to the tab “Comp Transactions” on our web site.

Joe Lynch, Ben Bogan, and Brian Bruenderman, our Stoneridge Partners meet at the recent NAHC Financial Conference in Nashville

NAHC-Financial

Kansas: Join us October 15-16 at the 2015 Power Up InterHab Annual Conference in Wichita at the Hyatt Regency.InterHab Conference

NAHC Annual:  Join us in Nashville October 28-30.  For the 12th straight year we will be exhibiting at NAHCs Annual Conference & Exhbition. NAHC Annual Conference

South Carolina:  Join us at the South Carolina Home Care & Hospice annual conference at Hilton Head.  November 2-3 at the Sonesta Resort.  Brian Bruenderman and Ben Bogan, two of our partners, will be giving a presentation titled “Massive Mergers & Acquisitions – What Does it Mean to You?”   South Carolina Conference

At all of these conferences we will be setting up confidential meetings with buyers and sellers of home care agencies and hospices.

WE JUST RETURNED FROM:

Ohio:  at the Ohio Council for Home Care & Hospice annual conference Brian Bruenderman gave a very well received presentation titled “M&A Update for Home and Hospice Care Agencies”.

Maryland: at the Maryland National Capital Homecare Association’s annual conference in Baltimore.  Ben Bogan, one of our partners, gave a very entertaining presentation titled “M&A Update for Home and Hospice Care Agencies”.

Pennsylvania:  For their Financial Management Conference.  Brian Bruenderman and Ben Bogan, two of our partners, gave a well received presentation titled “Wading into the Dating Pool:  How to Make Your Agency More Attractive to MCOs, ACOs, and Other Partners.

Texas – August 12 -13 in Galveston for TAHC’s 46th Annual Meeting..  Joe Lynch, our partner that manages our Dallas office met with many buyers and sellers of home care agencies and hospices.

Florida at HCAFs 26th annual conference and trade show, where we gave our presentation titled “Massive Mergers & Acquisitions….What does it mean to you”.

NAHC Financial Annual Conference June 28-30th in Nashville.  This was a well attended conference with several high quality presentations.

Southwest/Gulfcoast Regional Home Care & Hospice Conference. New Orleans, June 2 – 3rd.  On June 3rd at 2:45 pm we will be giving a presentation and update on the state of Home Care & Hospice M&A……and meet Joe Lynch, one of our partners who has recently opened our new Dallas office  Southwest/Gulfcoast Conference.

Arlington, Virginia:  ANCOR’s 2015 annual ConferenceANCOR, The American Network of Community Options, is a national non-profit trade association representing more than 800 private community providers of services to people with disabilities.  Combined they serve over 400,000 individuals with disabilities.  ANCOR 2015 conference

Raleigh-Durham, NC, April 27th 29th for the Association for Home & Hospice Care of North Carolina’s Annual conference, where Brian Bruenderman and Ben Bogan, two of our partners, gave their always popular presentation on “Building the Value of a Homecare or Hospice.  AHHC of NC

Washington, DC, April 30 – May 2 for the National Hospice & Palliative Care Organization’s (NHPCO) 30th Management and Leadership Conference. NHPCO Conference.

The American Network of Community Options and Resources (ANCOR) is a national, nonprofit trade association representing more than 800 private community providers of services to people with disabilities. Combined, we service over 400,000 individuals with disabilities – See more at: http://www.ancor.org/about-ancor#sthash.BquhTpO1.dpuf

If you are even considering a sale, give us a call for a confidential conversation.

WEBINAR: On a regular basis we give a presentation on our process for selling an agency or hospice to individual business owners through “gotomeeting.com”.  Give us a call to schedule  yours.

HOME HEALTH INDEX:

Check out our web feature, a tab on our front page titled Home Health Index. We have indexed the stock prices of the three major public Medicare companies. We think you will find the results interesting.….

Home Health Index Link

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