Transaction marks the first deal closed with the former Equity Partners team at SC&H Capital
SC&H Capital, a leading investment bank specializing in M&A advisory, is pleased to announce that its client, Bell Mountain Village and Care Center, has completed a going concern sale of its assisted living and skilled nursing facility to Cascadia Real Estate, LLC (“Cascadia”). Cascadia’s parent company, Cascadia Healthcare, is one of the largest owner/operators of skilled nursing facilities in the state of Idaho.
Bell Mountain Village and Care Center offers both Assisted Living and Skilled Nursing services and maintains a high staff-to-resident ratio with excellent therapy programs for physical, occupational and speech, including recreation therapy, and also offers out-patient therapy services.
Ken Mann, Managing Director of SC&H Capital’s Distressed M&A Services team noted “This healthcare M&A transaction is a great start for us as part of SC&H Capital. We are seeing a large number of clinical healthcare operators struggling through workouts and bankruptcies and we are confident that SC&H Capital’s historical experience in the healthcare sector and our experience in the distressed markets combine to give our clients and referral sources a very unique option when they need to refinance or sell a business.”
Hank Waida, Principal at SC&H Capital, said, “This was an extremely complicated engagement with numerous variables and requirements which needed to be met to satisfy the numerous constituents involved. We are pleased to have negotiated a solution with all parties to get this deal completed.”
SC&H Capital’s Distressed M&A Services team, formerly Equity Partners, was retained as the exclusive court approved investment banker to seek a buyer for the company. The team conducted an exhaustive process generating significant market interest, and ultimately negotiated with multiple qualified bidders in the bankruptcy auction.
Other professionals who worked on the transaction include: Mathew T. Christensen, Angstman Johnson, counsel for Debtor, Chad Moody, Angstman Johnson, counsel for Debtor, Robert J. Maynes, Maynes Taggart, PLLC, counsel for Citizens Community Bank, Alexander P. McLaughlin, counsel for Zions First National Bank, Steve LaForte, General Counsel for Cascadia Real Estate, LLC, Julia D. Kyte, Durham, Jones, and Pinegar, Patient Care Ombudsman, William M. Humphries, Attorney for the U.S. Small Business Administration, Peter J. Kuhn, Attorney for the Acting United States Trustee.
About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, is an investment banking and advisory firm providing merger and acquisition (M&A), employee stock ownership plan (ESOP), distressed M&A advisory and business valuation solutions to middle market and growth companies nationwide. SC&H Capital delivers investment banking and advisory services across numerous industries including technology, healthcare, manufacturing, business services, and government contracting to help owners achieve their exit planning goals and liquidity objectives. Learn more at www.schcapital.com.