H2C Advises ProCare LTC on Strategic Investment from a Private Equity Firm

 

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

 

About ProCare LTC
 

ProCare LTC was formed in 2007 by veterans of the long-term care pharmacy sector who realized the need to go back to more personalized customer service fundamentals of quality care. ProCare LTC was founded on a basic premise—to provide the highest level of customer service while delivering the best economic value to the facilities and residents we serve. This is achieved through highly qualified and trained staff at every level or our organization. Collectively, we understand the importance of providing positive clinical outcomes in a cost-effective manner. Exceeding your expectations is what we are all about. For more information, please visit www.procareltc.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

CHICAGO

311 South Wacker Drive
Suite 5425
Chicago, IL 60606
312.508.4200

 

H2C News

SAN DIEGO

4655 Executive Drive

Suite 280
San Diego, CA 92121
858.242.4800

LATEST ARTICLES
FOR IMMEDIATE RELEASE
 

"We’re grateful to H2C for its expertise in identifying the right strategic partner for ProCare.”

 

—Tom Hyde,
Founder & CEO, ProCare

Previous Article >

NEW YORK — Sept. 24, 2020 — On February 3, 2020, Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive financial advisor to ProCare LTC (“ProCare” or “the Company”) on a strategic investment in the Company by Sverica Capital Management LP (“Sverica”), a private equity investment firm.

 

Based in Farmingdale, N.Y., ProCare operates closed-door pharmacies servicing the long-term care segment in New York, New Jersey, Connecticut, Massachusetts, Rhode Island, and Ohio. In the past five years, ProCare grew at an annual rate of approximately 25 percent. In 2019, ProCare sought to solicit investment from a private equity firm to help ensure the Company’s continued growth.

 

H2C solicited interest from a broad range of potential buyers, performed a valuation of the Company, and conducted a thorough marketing process to identify the right investor. In Sverica, ProCare gained a strategic investment partner that understands ProCare’s unique service model and will facilitate ProCare’s expansion into new markets. 

 

“Sverica shares ProCare’s vision around how to expand responsibly into new markets without sacrificing quality,” said Tom Hyde, ProCare founder and CEO. “We’re grateful to H2C for its expertise in identifying the right strategic partner for ProCare.”

 

“ProCare’s high level of customer retention and impressive organic growth were vital to creating competitive tension, enabling H2C to secure the best possible outcome for the Company,” said Tom Barry, Principal, H2C. “We’re very pleased to have partnered with ProCare as it works toward continuing its impressive growth while maintaining a customer-focused model of high-quality service.” Email Tom.

H2C COVID POV Series • Telehealth Implications in a Post-COVID World

H2C Perspective • What's Our Cost of Capital? ...and other tricky questions from not-for-profit hospitals and health systems

H2C Industry Insights • Why PACE Presents Strong Opportunity for Investment

H2C Industry Insights • 2Q20 MOB Update: MOB Pricing Holds Steady in First Full COVID-19 Impacted Quarter

Please reload

< 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.