On November 2, 2018, Martin Healthcare Group, Inc. (“MHG” or the “Company”), a leading independent provider of hospitalist, intensivist and skilled nursing facility programs, was acquired by HNI Healthcare, Inc. (the “Buyer”), a portfolio company of Bison Capital Partners (“Bison Capital”).
Duff & Phelps served as the exclusive financial advisor to MHG.
About Martin Healthcare Group
Martin Healthcare Group is a leading independent provider of hospitalist, intensivist, skilled nursing facility physicians and house physician programs to hospitals and post-acute care facilities in Northeastern Ohio, the Chicago metropolitan area and Central Florida. Founded in 1975, MHG develops deep, long-term relationships with its clients and its physicians. It is expert at recruiting highly skilled physicians, providing physician leadership, managing medical staff and providing practice management support for its clients while providing privileging, credentialing and billing services for its physicians. The Company is headquartered in Cleveland, Ohio.
About HNI Healthcare
HNI Healthcare is a technology-enabled physician practice management company focused on the delivery of full-service facility-based physician programs to improve the quality of patient care. Its physicians, processes and technologies enable hospitals to improve key quality and performance metrics through a more clinically integrated care model. HNI Healthcare is based in Austin, Texas.
About Bison Capital Partners
Bison Capital is a Los Angeles and New York based firm that makes growth capital investments in middle-market companies, public or private, for expansion, acquisitions and balance sheet recapitalizations. The firm's primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses.
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$130 million credit facility
has been acquired by
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has authorized a share repurchase program via open market repurchases
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Leveraged dividend recapitalization transaction
A subsidiary of NTSP Holding Company, LLC, has redeemed a 20% interest in
all subsidiaries, affiliates and assets have been acquired by an affiliate of
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