top of page
H2C Advises Advanced Home Care on the Sale of Medical Equipment, Home Health, and Home Infusion Segments

June 29, 2020 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive financial advisor to Advanced Home Care (“AHC”), a post-acute healthcare company owned by 13 not-for-profit healthcare systems in the Southeast, in the sale of its medical equipment business to AdaptHealth Corp. (“AdaptHealth”), a leading provider of home medical equipment and supplies, and its home health and specialty infusion segments to BrightSpring Health Services (“BrightSpring”), a private company backed by KKR.


AHC’s board and management team desired a partnership that would enable the company to provide its unique suite of home health, infusion, and HME/DME services with greater efficiency and achieve additional scale and market diversification without the inherent execution risk of a growth strategy. AHC engaged H2C to find a partner or buyer with a growth-oriented mindset and specialized operational and clinical expertise.


Through a broad auction, H2C organized an active and rigorous process, contacting more than 120 potential buyers. Based on the information received during the process, H2C recommended the sale of AHC’s individual business segments and its regional corporate headquarters to different buyers in order to optimize value for the member health system sponsors of AHC.


In February, AHC sold its home health and specialty infusion segments to BrightSpring and its home medical equipment business to AdaptHealth. Under the deal, BrightSpring acquired AHC’s locations in North Carolina, expanding BrightSpring’s presence in the state as well as its infusion pharmacy business. For AdaptHealth, the deal increases the company’s footprint in the Southeast, an important market for the company.


In a separate, simultaneous transaction, AHC also sold its regional headquarters building in High Point, N.C. to a Scottsdale, Arizona-based Real Estate Investment Trust. The property is leased to AdaptHealth with a portion subleased to BrightSpring.


“H2C’s work in helping AHC find strategic partners that complemented their current operations across all service lines within the Southeast will strengthen care for the communities we serve in North Carolina as well as across a broad range of southeastern states,” said Joel Mills, CEO, AHC. “We’re grateful to H2C for leading us to a solution that accelerates our company’s long-term strategic goals while mitigating significant standalone execution risks.”


H2C ran a highly efficient process across all three transactions. “We very much appreciated the trust placed in us by the board and management of AHC in the execution of a complex series of transactions involving two corporate buyers, a real estate investment trust, and the company’s 13 health system member owners, resulting in the successful realization of AHC”s overall strategy,” said William B. Hanlon III, Principal, H2C. Email Bill


623 Fifth Avenue
29th Floor
New York, NY 10022



3333 Piedmont Road
Suite 725
Atlanta, GA 30305



311 South Wacker Drive
Suite 5425
Chicago, IL 60606



For over 30 years, Advanced Home Care, a not-for-profit, hospital-affiliated company offered full-service home health, infusion, and durable medical equipment services for patients in the comfort of their own homes. Owned by 13 health systems, Advanced Home Care operated locations in Georgia, North Carolina, South Carolina, Tennessee, and Virginia. The company provided services for more than 40,000 patients and was the largest Medicare-/Medicaid-certified home care organization in the Southeast. Its affiliation with outstanding health systems helped Advanced Home Care become an industry leader in the development of leading-edge disease management programs.



Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations and related companies throughout the United States.  H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value.  Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC.  For more information, visit



Kelly T. Duong
Hammond Hanlon Camp LLC


4655 Executive Drive

Suite 280
San Diego, CA 92121

Please reload

bottom of page