Wayne, PA (March. 16, 2021) – McBee advised Grant Avenue Capital, LLC on the acquisition of a majority interest in Valeo Home Health and Hospice, an award-winning agency serving the Greater Salt Lake and Utah counties. The Valeo transaction is Grant Avenue Capital’s first deal in its broader home-based care buy and build initiative.
Grant Avenue Capital is a healthcare-focused private equity firm pursuing investment opportunities across the healthcare landscape including services, devices, pharmaceutical and pharmaceutical services, and healthcare technology. The Grant Avenue Capital team has more than 25 years of healthcare investment experience, providing portfolio companies and partners with operational insight and flexible capital for growth. Specifically, members of the firm have a long history of successfully investing in home health and hospice, starting in the early 2000s and across numerous, industry-leading companies.
“The Grant Avenue Capital team has put a strong focus on looking for the right investment in the industry and as the demand for home health and hospice services delivered in the home increases, we think this acquisition has set them up for success for their future in the home-based care market,” said Mike Dordick, President of McBee. “We were thrilled to partner with Grant Avenue Capital as the firm takes their first step in a broader home-based care buy and build initiative.”
Grant Avenue Capital engaged McBee for the buy-side due diligence in the transaction. The McBee merger and acquisition approach includes reviewing clinical documentation, compliance and operational processes to confirm that an organization evaluated for acquisition is meeting regulatory requirements and to identify potential risk.
“McBee is a trusted advisor and the right partner for Grant Avenue Capital as we plan to accelerate the expansion of Valeo and other home-based care investments through strategic acquisitions,” said Buddy Gumina, Founder and Managing Partner of Grant Avenue Capital. “The McBee team provided us with the insight, data and information we needed to successfully complete the Valeo acquisition.”
About Grant Avenue Capital, LLC
Grant Avenue Capital is a healthcare-focused, middle-market private equity firm targeting investments alongside forward-thinking management teams that seek an experienced and innovative investor with highly flexible capital, both in terms of duration and structure. While a typical investment will involve companies generating approximately $5 million to $25 million of EBITDA, Grant Avenue Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, joint-control partnership investments, and special situations.
In addition, the Grant Avenue Foundation supports employees and portfolio companies of Grant Avenue Capital that are actively engaged with healthcare-oriented charitable organizations.
McBee is a recognized leader in providing financial, clinical and operational strategic advisory services that have addressed the unique needs of more than 3,800 providers across the healthcare industry. Since 1973, McBee has designed services to address challenges and ensure the success of healthcare organizations across the continuum of care by delivering meaningful insights, tailored strategies and sustainable results. With an average of over 20 years’ experience, McBee’s consulting professionals have extensive expertise and in-depth knowledge of healthcare regulations and policies. Health systems, physician groups, home health, hospice, long-term care, skilled nursing and other healthcare organizations across the nation look to McBee to provide comprehensive services and expert resolution of the various challenges they encounter. McBee’s unwavering dedication backed by their industry knowledge has made them one of the largest, well-regarded healthcare consulting firms in the country. McBee is located in Wayne, Pennsylvania. Visit us at McBeeAssociates.com. Follow us on Twitter and LinkedIn.