Heritage Capital Group Announces the Successful Sale of AmeriCare Home Health to Brooks Rehabilitation
JULY 2015 -
Heritage Capital Group is pleased to announce the successful sale of AmeriCare Home Health to Brooks Home Care Advantage, Inc., dba Brooks Rehabilitation.
Founded in 2004 by Anthony Hicks and Tom Gibson, AmeriCare is a leading provider of home healthcare services including skilled nursing, physical therapy, occupational therapy, speech therapy, social work, home health aide, and private duty. The Company is certified by Medicare and accredited by the Accreditation Commission for Health Care. The Company is headquartered in Jacksonville, Florida and operates 10 satellite office locations serving 23 counties in northeast and central Florida. AmeriCareemploys 125 full time employees including staff and caregivers.
Brooks Rehabilitation is a recognized leader in providing a system of world class rehabilitation services. It operates an in-patient hospital providing rehabilitation and medical care for people requiring intensive in-patient therapy, 26 outpatient clinics, as well as Brooks Home Care which serves Northeast Florida.
The combined companies will be branded as Brooks AmeriCare Home Health. Doug Baer, CEO of Brooks stated, “We really have a lot of synergy. A lot of their care business is outside Jacksonville, so it is a good way to expand our home healthcare division and enter some other markets, while adding to our expertise and talent in the areas that we already serve.”
Heritage Capital Group served as intermediary and financial advisor to Americare. Asok Chaudhuri, who led the Heritage team which included Bill Sorenson and Don Wiggins stated, “We are very happy to assist in bringing these two high performing companies together. This partnership fits the strategic objectives of both companies and will provide the communities they serve with the highest level of patient care.”
Tom Gibson, president and co-founder of AmeriCare commented, “We are thankful to Asok and Heritage Capital Group for their steadfast and capable guidance throughout this process. Their transaction experience and expertise in our industry were invaluable in helping us accomplish this goal. We are very pleased with the outcome and look forward to being a part of such an excellent organization.”
Heritage Capital Group provides a range of investment banking services, including buy-side and sell-side M&A advisory work, business valuations, litigation support, exit planning, value enhancement and strategic advisory services, including restructuring and reorganization consulting. Heritage is a FINRA regulated broker-dealer and a founding member of M&A International Inc., which extends its reach to a global scale.