Sta-Home’s successful track record of quality care, strong in-state market share, and strong management team made it an ideal platform asset for a nationwide provider looking to enter the Mississippi market…
Chicago, IL (PRWEB)
April 20, 2017
Ziegler, a specialty investment bank, is pleased to announce it served as financial advisor to Sta-Home Home Health & Hospice, Inc. (Sta-Home) in its recent sale to AccentCare, Inc. Sta-Home is one of Mississippi’s largest and longest tenured providers of home health and hospice services; serving patients in 50 counties, Sta-Home is widely recognized across the state and has established an excellent reputation within the community over its 40+ year operating history.
The acquisition by AccentCare represents its entry into the Mississippi market, a certificate-of-need-state, where it will continue to operate under the “Sta-Home” brand while both organically and strategically growing the business. AccentCare’s acquisition of Sta-Home continues to be in line with AccentCare’s growth oriented strategy, making it the third acquisition completed within the past few months, to go along with multiple joint venture agreements with health systems, as the company continues its rapid expansion.
Chris Hendrickson, Managing Director in Ziegler’s Corporate Finance Healthcare practice, stated, “Sta-Home’s successful track record of quality care, strong in-state market share, and strong management team made it an ideal platform asset for a nationwide provider looking to enter the Mississippi market. Furthermore, we expect further growth opportunities in-state to be realized along with operating synergies to be achieved, driving additional value for the combined entity.”
Ziegler’s Corporate Finance practice is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, home care, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services.
For more information about Ziegler Corporate Finance practice please visit us at http://www.ziegler.com/CorporateFinance.
Founded in 1976, Sta-Home has earned a reputation in Mississippi for providing high-quality, compassionate care to nearly 20,000 home health and hospice patients annually. Sta-Home’s home health services include specialty programs such as certified diabetes educators, wound-certified nurses, foot care specialists, fall prevention and low vision rehabilitation.
AccentCare, Inc. is a nationwide leader in…