Serent Capital Invests in Equinox Healthcare
Pittsburgh, PA – April 26, 2010 – Serent Capital, a private equity firm focused on investing in high growth services businesses, recently announced an investment in Equinox Healthcare, Inc., a leading regional provider of home infusion therapy. Equinox provides a wide range of infusion therapy services, including anti-infective, total parenteral nutrition and immune globulin to patients primarily located in Maryland, Virginia, Washington, DC and Delaware. The Company has earned the reputation as one of the highest quality providers of home infusion in its service area.
The Braff Group (TBG) served as exclusive merger and acquisition advisor for Equinox.
“The home infusion industry has experienced significant growth over the past several years driven by the dramatically lower cost of treating patients at home and the significant benefit to patients of being able to return home sooner,” said David Kennedy, co-founder and General Partner of Serent Capital. “The team at Equinox has built a tremendous business by focusing on providing high quality infusion and specialty pharmacy services to patients with compassion and individualized care. We look forward to actively assisting the Company with both organic growth strategies and acquisitions.”
“We are very excited about the investment by Serent Capital,” said Kalpesh Patel, who founded Equinox with his wife Shefali in 1996. “Serent’s deep experience helping growth-oriented services businesses scale over time and the capital resources they can provide will help us accelerate our growth. We believe Serent has a differentiated set of capabilities as they are experienced operators and we are looking forward to working with them for years to come.”
“This transaction marks yet another platform investment by a private equity group in the pharmacy services arena”, said Reg Blackburn, TBG Managing Director that headed up the deal team representing Equinox. “With the recent successful divestiture of Kohlberg & Company backed Critical Homecare Solutions, Inc. to BioScrip, we anticipate heightened acquisition interest in the pharmacy services space over the coming year.”
About Serent Capital
Serent Capital invests solely in growing, profitable, services businesses. We invest in great businesses that are already successful, delivering compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change continually. At Serent Capital, we understand those challenges, as we've seen them first-hand. Our principals’ experience includes roles as CEOs, strategic advisors, and board members to successful, growing businesses. By bringing our experience and capital to bear, we help growing businesses thrive. We are highly selective, choosing to invest in only a handful of businesses each year. Our selectivity ensures that all our companies receive the attention and expertise that they need. More information can be found at www.serentcapital.com
About The Braff Group
The Braff Group is the leading investment banking firm specializing in the home health care, hospice, infusion therapy, specialty pharmacy, health care staffing, and home medical equipment market sectors. The firm provides an array of transactional advisory services including sell side representation, debt and equity recapitalizations, strategic planning, and valuation. Since being founded in 1998, The Braff Group has completed more than 155 transactions. In 2009, based upon deals completed, the firm was ranked number 1 in US Healthcare Services transactions (Source: Thomson Reuters).
Contact:
Serent Capital The Braff Group
David Kennedy Karen Vechter
415-343-1050 888-922-5169
