Atlanta, GA – Atlanta-based investment banking firm De NES Partners, LLC is pleased to announce a strategic partnership between its client Nursing Solutions and Angels of Care, a provider of home health services backed by Varsity Healthcare Partners, a leading lower middle-market private equity firm focused on healthcare services.
Founded in 1992 and headquartered in Phoenix, AZ, Nursing Solutions is a leading provider of home health services to pediatric and adult patients throughout the State of Arizona. The company offers a full range of long-term skilled nursing care for pediatric and adult patients with complex medical conditions. Nursing Solutions of Southern Arizona, a sister company based in Tucson, AZ, provides similar services and is included in the strategic partnership.
Founded in 2000 by Bonnie West and based in Sherman, TX, Angels of Care is a leading and rapidly growing provider of long-term home health services to pediatric patients with complex medical conditions. Angels of Care operates under its core principles of Heart, Advocacy, Love, Outreach and Speed (HALOS) to carry out its mission to provide children and young adults in need with high-quality home health care in a loving, caring and professional manner. The company provides high-quality private duty nursing care, skilled therapy and other home health services to patients in five states. More information about the company is available at www.angelsofcare.com.
“The Angels of Care team has established a strong platform in the home health industry,” said William (Bill) R. Johnsen, Founder of Nursing Solutions. “We evaluated a number of alternatives and felt this partnership with Angels of Care was in the best interest of our clients and caregivers. We look forward to joining this winning team and continuing to serve the needs of our patients 24/7.”
Jessica Riggs, CEO of Angels of Care, commented, “We are excited to collaborate with Bill and welcome Nursing Solutions’ experienced team of caregivers and office staff to the Angels of Care family. From the start of our conversations it was clear the entire Nursing Solutions team shares our commitment to providing high-quality compassionate care to underserved patient populations with complex medical needs. In addition, the completion of this partnership enables us to continue our growth by serving patients and their families in an additional state.”
Doug Hubert & Don Schaeffer, who co-founded De NES Partners in 2014 after many years leading the investment banking practice for CBIZ, Inc. (NYSE:CBZ), commented, “full credit for the transaction goes to Bill Johnsen and his executive team who have worked to build a truly superior performer in the home health/skilled nursing sector. Mr. Johnsen’s vision was to partner with a national entity with similarly high clinical and operational standards and the resources to continue to invest in Nursing Solutions to expand and enhance its service offerings. After drawing considerable interest from a broad group of prospective industry partners, we could not be more pleased with the strategic partnership with Angels of Care, which we believe is the ideal partner.”
De NES Partners focuses on representing owners of single and multi-generational family and other privately held businesses across the United States with revenue between $15-250 million and EBITDA between $3-25 million in M&A (full sale and recapitalization) transactions. The firm’s two principals, with a combined 50 years of mergers & acquisitions advisory experience, have successfully completed transactions across the full spectrum of manufacturing, distribution, and company-to-company business services, and have sold clients to some of the most sophisticated buyers in the world, including companies listed on the NYSE, NASDAQ, Toronto, Irish and London Stock Exchanges, as well as institutional private equity firms and family offices.
For more information about the Nursing Solutions transaction, please contact Doug Hubert, Managing Partner, De NES Partners, LLC, (770) 858-4491, [email protected].