De NES Partners Leads Sale of Specialty Home Health Provider Serving Medically Fragile Pediatric and Adult Patients

Goals of Owners

  • Sell 100% of the owners’ existing equity following nearly 30 years of building a highly successful specialty home health and skilled nursing business
  • Identify an acquirer that would support the company’s experienced senior management team and preserve its commitment to medically fragile pediatric and adult patients
  • Partner with an organization capable of providing capital and strategic resources to support continued organic growth and future acquisitions
  • Retain an ownership interest in the combined business, allowing the owners to participate in future value creation

Situation

  • Nursing Solutions had developed into a highly respected specialty home health and skilled nursing provider serving medically fragile pediatric and adult patients with complex medical conditions throughout Arizona.
  • The company had built a strong reputation for high-acuity care, supported by an experienced nursing workforce and senior management team.
  • The majority owner had gradually transitioned away from day-to-day operations, creating an opportunity to evaluate a broader strategic partnership.
  • The owners engaged De NES Partners to conduct a sale process designed to maximize value while identifying the right long-term partner for the company, its management team, employees and patients.

Transaction

  • De NES Partners conducted a targeted process focused on strategic and financial buyers with the healthcare experience, operating capabilities and capital resources to support Nursing Solutions’ continued growth.
  • The process generated strong buyer interest, with approximately one-third of the parties contacted submitting preliminary offers and four groups advancing to final negotiations.
  • Competitive negotiations resulted in multiple Letters of Intent and provided the owners with attractive alternatives on both valuation and transaction structure.
  • Nursing Solutions was ultimately acquired by Angels of Care, a leading provider of home health services backed by Varsity Healthcare Partners.
  • As part of the transaction, the Nursing Solutions owners retained an equity interest in the Angels of Care holding company, providing continued participation in the future growth and value of the combined organization.

Outcome

  • De NES Partners generated a highly competitive process that resulted in multiple final offers and a successful sale to a well-capitalized strategic acquirer positioned to support the company’s continued growth.