WAYNE, Pa., January 26, 2023 (Newswire.com) - McBee®, an industry-leading healthcare services and consulting firm, advised The Care Team (TCT) on the acquisition of 1st Care Home Health and Care Hospice (1st Care).
TCT, a portfolio company of Denver-based private equity firm Revelstoke Capital Partners (Revelstoke), provides hospice, home healthcare including skilled nursing, rehabilitation and therapy services, as well as social workers to patients and families operating across Michigan, Pennsylvania, Texas and Massachusetts. This successful acquisition will accelerate TCT's growing footprint in the Midwest by expanding into Indiana. The addition of 1st Care aligns with the organization's growth strategy and vision for providing high-quality home care and hospice offerings to its clients.
"We are pleased to partner with the McBee M&A Advisory team as their expertise and industry knowledge continues to guide our strategy as we scale and expand TCT into new states," said Revelstoke Vice President Jonny Miller. "McBee's consulting experts provided us with the insight and data we needed for a successful transaction, and we are pleased to have partnered with McBee on this process."
TCT and Revelstoke engaged McBee for the buy-side clinical due diligence for this transaction, which is TCT's fourth add-on acquisition since partnering with Revelstoke in 2019; McBee provided clinical due diligence support on all four deals. McBee's mergers & acquisition advisory approach included reviewing clinical documentation, compliance, and operational processes to identify potential risk and confirm that 1st Care met certain regulatory requirements. During the 2022 calendar year, McBee supported clients in completing 28 publicly reported healthcare transactions.
"We would like to congratulate TCT and Revelstoke on their transaction as they continue to expand their footprint," said McBee President Mike Dordick. "Our years of experience and knowledge of regulatory compliance have positioned McBee as a market leader within healthcare M&A as well as enabled us to advise TCT and Revelstoke on this strategic deal."
About The Care Team
The Care Team offers a full spectrum of hospice care and home health services. TCT's hospice team provides specialized care in Michigan, Pennsylvania, Texas and Massachusetts that addresses the patient's physical, emotional, social, and spiritual needs while providing reprieve and comfort for patients' families. TCT Home Health employs experienced industry professionals, including physical therapists, skilled nurses, medical social workers, home health aides, and occupational and speech therapists. For more information, visit www.tctcares.com.
Revelstoke (www.revelstokecapital.com) is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare and related business services sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado, and has approximately $5.3 billion of assets under management. Since the firm's inception in 2013, Revelstoke has completed 173 acquisitions, which include 26 platform companies and 147 add-on acquisitions.
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 of experience, McBee's consulting professionals have extensive expertise and in-depth knowledge of healthcare regulations and policies. Learn why health systems, physician groups, home health, hospice, long-term care, skilled nursing and other organizations look to McBee for comprehensive healthcare consulting services.
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Original Source: McBee® Advises Revelstoke-Backed The Care Team on the Acquisition of 1st Care Home Health and Care Hospice
Health News - originally published at Health News -