ATLANTA, April 24 /PRNewswire/ -- Croft & Bender, an Atlanta-based investment banking firm, served as the financial advisor to Atlanta-based Alliance Surgery, Inc. (ASI) in the recently announced acquisition of ASI by HealthMark Partners, Inc. (HMP) of Nashville, Tenn.
Both organizations develop, acquire and operate single- and multi-specialty, free-standing ambulatory surgery centers (ASC), typically in joint ventures with physicians or with physicians and hospitals.
ASI's CEO, Charles T. Neal, a 30-year veteran of the healthcare industry, said, "I am delighted with the combination of these very complementary businesses and believe we can deliver even better service, quality and value to our patients, physicians and associates."
Neal, who will be the chief operating officer of the combined entities, said Croft & Bender played a critical role in getting the transaction completed.
"C&B's ability to help us identify and successfully negotiate through the issues that arose during the process was invaluable," Neal said.
William G. Southwick, HealthMark's President and CEO, said the transaction brings together exceptional experience in ASC development and operations.
"Together we have the scale, resources and management to accelerate building a solid and successful company in this growing industry," Southwick said.
The combined companies currently manage 17 surgery centers and have six under development. The 23 ASCs are located in 10 states (Maryland, North Carolina, Tennessee, Georgia, Alabama, Mississippi, Indiana, Texas, Arizona and California).
About Croft & Bender
Croft & Bender LLC, based in Atlanta, Georgia, is an investment banking
firm focused on providing M&A, private equity and financial advisory
services to middle-market and emerging growth companies in the Southeast.
The firm also sponsors the C&B Capital private equity funds, with $44
million under management. For more information on Crof
|SOURCE Croft & Bender|
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