H2C Advises PACE of the Southern Piedmont on Sale to Kintegra Health and Lutheran Services Carolinas
 

August 11, 2020 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive investment banker and financial advisor to PACE of the Southern Piedmont in its sale to Kintegra Health and Lutheran Services Carolinas. PACE stands for Program of All-Inclusive Care for the Elderly.

 

The transaction, finalized on June 30, positions PACE of the Southern Piedmont—a not-for-profit joint venture among Cone Health, Advanced Home Care, Well-Spring Retirement Community, and Hospice & Palliative Care Charlotte Region—to strengthen its services for aging Baby Boomers in the Charlotte, N.C., region, the state’s largest market for PACE services.

 

Approximately one-half of the 4,000 PACE-eligible residents in North Carolina currently participate in PACE programs, including more than 400 PACE participants in the Charlotte region. Increasing demand for PACE services offers PACE of the Southern Piedmont the opportunity to expand from one high-performing PACE center to two or three PACE centers to meet residents’ future needs in the four counties it serves: Cabarrus, Mecklenburg, Stanly, and Union.

 

H2C conducted an expansive campaign to find the right partner to provide the capital and other resources required by PACE of the Southern Piedmont for accelerated long-term growth. In doing so, H2C emphasized the organization’s strong financial performance, highly protected market share—with an exclusive license to operate PACE services within certain North Carolina markets—and its attractive position for long-term growth.

 

H2C’s professionally managed marketing process and carefully developed transaction structure for PACE of the Southern Piedmont ultimately led to final approval of the organization’s partnership with Kintegra Health and Lutheran Services Carolinas by the Centers for Medicare & Medicaid Services (“CMS”), the North Carolina Department of Health, and the Attorney General for the State of North Carolina. Under the agreement, leadership, staffing, and operations will remain the same.

 

“This is a great outcome not just for our team at PACE of the Southern Piedmont, which was able to retain all current employees and leaders, but also the greater Charlotte region, which gains continuity in service and the resources needed for long-term growth,” said Skip Hislop, chair of PACE of the Southern Piedmont’s outgoing board. “We’re grateful to H2C for its expertise in healthcare mergers and acquisitions and its deep commitment to helping us find the right partner.”

 

“This transaction demonstrates the power of partnership in strengthening the value of PACE services in communities like the Charlotte, N.C., region,” said William B. Hanlon III, Principal, H2C. “We sincerely appreciate the trust that PACE of the Southern Piedmont put in H2C to find the right cultural fit and deliver the best possible outcome.” Email Bill

NEW YORK

623 Fifth Avenue
29th Floor
New York, NY 10022
212.257.4500

 

ATLANTA

3333 Piedmont Road
Suite 725
Atlanta, GA 30305
404.937.1350

 

CHICAGO

311 South Wacker Drive
Suite 5425
Chicago, IL 60606
312.508.4200

 

About PACE of the Southern Piedmont

 

PACE of the Southern Piedmont, established in 2013, is a not-for-profit organization that coordinates care for elderly participants covered by Medicare or Medicaid so they can continue living in a home environment. The organization currently employs approximately 60 full-time clinical and administrative personnel in a service area that includes Cabarrus, Mecklenburg, Stanly, and Union Counties. It serves approximately 400 participants in those counties. For more information, visit pacesp.com.

 

About Hammond Hanlon Camp LLC

 

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 h2c.com.

 

MEDIA CONTACT

Kelly T. Duong
Hammond Hanlon Camp LLC
858.242.4810
kduong@h2c.com

H2C News

SAN DIEGO

4655 Executive Drive

Suite 280
San Diego, CA 92121
858.242.4800

LATEST ARTICLES
FOR IMMEDIATE RELEASE
 

"This is a great outcome not just for our team at PACE of the Southern Piedmont … but also the greater Charlotte region.”

 

—Skip Hislop, chair of PACE of the Southern Piedmont’s Outgoing Board

H2C Industry Insights: Q2 Healthcare M&A Activity Dips, but Select Sectors Remain Resilient

H2C Industry Insights: Why Now Could be the Right Time to Monetize Healthcare Real Estate

H2C In the News: H2C Advises Advanced Home Care on the Sale of Medical Equipment, Home Health, and Home Infusion Segments

H2C Perspectives: What Does Post-COVID Recovery Look Like for Orthopedics? Key Considerations for Practice Leaders

H2C Industry Insights: Reconsidering Options for Independent Hospitals and Health Systems Post COVID-19

H2C Advises on the Sale/Leaseback of High Point Office Building in Coordination with Corporate Sale

Please reload

Previous Article >
< Next Article
Search

  +   The Elements of Capital and Strategy

  • Home

  • About

  • Services

  • News

  • Thought Leadership

  • More

    Contact
    ATLANTA
    CHICAGO
    NEW YORK
    SAN DIEGO
    Client Login
    SITE MAP
    PRIVACY
    TERMS OF USE
    BUSINESS CONTINUITY

    © Hammond Hanlon Camp LLC. All rights reserved.  Hammond Hanlon Camp LLC is a wholly owned subsidiary of Fifth Third Acquisition Holdings, LLC and an indirect subsidiary of Fifth Third Bank, National Association.  Fifth Third Bank, National Association is engaged in a broad range of financial and securities activities.

     

    Securities offered through H2C Securities, Inc., member FINRA/SIPC, a registered broker-dealer and a wholly owned subsidiary of © Hammond Hanlon Camp LLC. Securities and services offered through H2C Securities Inc.: Are Not FDIC Insured; Offer No Bank Guarantee; May Lose Value; Are Not Insured by any Federal Government Agency; Are Not a Deposit.