Allegiance Capital Corporation Facilitates Healthcare Acquisition
Allegiance Capital Corporation announced today that it has facilitated the acquisition of its client Longhorn Health Solutions by Satori Capital. Allegiance Capital Corporation acted as the exclusive financial advisor to Longhorn Health Solutions.
Allegiance Capital Corporation, a Dallas-based private M&A investment bank specializing in the lower middle market, announced today that it has facilitated the acquisition of its client Longhorn Health Solutions by Satori Capital. Allegiance Capital Corporation acted as the exclusive financial advisor to Longhorn Health Solutions.
Headquartered in Austin, TX, Longhorn Health Solutions is a provider of home health medical supplies including products for diabetics, enteral nutrition, urologic, mobility and incontinence. They are primarily focused on Medicaid but are also a Dallas-Fort Worth Medicare winning bidder.
“Britt Peterson and his management team exhibit an inspirational form of entrepreneurial spirit – they actually care about their clients. From our first meeting, we were impressed with their fundamental approach to business. They treat every patient client as if they were their own grandparents. Longhorn’s integrity is remarkable,” said Brent Earles, Senior Vice President at Allegiance Capital Corporation.
“Longhorn Health Solutions is a great American success story of how two best friends built a business with ingenuity and unflagging dedication to high quality service,” said Fred McCallister, Senior Vice President at Allegiance Capital. “It is a privilege to be associated with such an inspiring group of young entrepreneurs, as well as the quality investment firm Satori Capital, whose commitment to conscious capitalism makes these two special Texas companies a perfect match.”
Longhorn Health Solutions has experienced year over year rapid growth, becoming the State of Texas Star+Plus Medicaid leader in every major market across the state. The company provides a unique white-glove delivery service, strongly supporting Medicaid HMO service coordinators while offering fine quality medical supplies and outstanding healthcare cost management.
The transaction involved a number of Dallas-based firms, including Munsch Hardt Kopf & Harr Law Firm, which represented Longhorn Health, Patton Boggs, which represented Satori Capital (also based in Dallas), and Allegiance Capital.
Fred McCallister and Brent Earles manage the Healthcare M&A practice at Allegiance Capital Corporation. Allegiance Capital Corporation is currently involved in several engagements with other healthcare companies; to view a list of current engagements, visit http://www.AllCapCorp.com/services/investors. For information on how to sell a business, call 214-217-7750.
About Longhorn Health Solutions
Headquartered in Austin, Texas, Longhorn Health Solutions is a provider of home health medical supplies including products for diabetics, enteral nutrition, urologic, mobility and incontinence, primarily focused on Medicaid, but also a Dallas-Fort Worth Medicare winning bidder. For more information go to http://www.longhornhealth.com.
About Satori Capital Satori Capital is a middlemarket growth capital and buyout firm based in Dallas, Texas. Satori partners with management teams that are building significant long-term value through a sustainable approach. These businesses deliver strong returns by operating with a long-term perspective, committing to their mission or purpose, and focusing on creating value for all stakeholders including investors, customers, suppliers, employees, and the community. The investment team has a long and successful track record as private equity investors and as founders and chief executive officers of sustainably run businesses. For additional information regarding Satori’s investment criteria and philosophy, please visit http://www.satoricapital.com.
About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the lower middle market. Allegiance Capital Corporation was recently named to American City Business Journal’s distinguished list of Who’s Who in Energy 2012, in addition to being named third on the list of 2011 Largest Investment Banking Firms in North Texas by the Dallas Business Journal. Allegiance Capital Corporation has won multiple awards recognizing the value it delivers to clients, including 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), and 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog by visiting http://www.allcapcorp.com/library/blog. Follow Allegiance Capital Corporation on LinkedIn and Twitter: @ALLCAP.
Media Contact: Bruce Condit Vice President Public Relations Allegiance Capital Corporation 214.217.7746 bcondit(at)allcapcorp(dot)com
Alternate Contact: Brent Earles Senior Vice President Allegiance Capital Corporation 214-217-7713 bearles(at)allcapcorp.com