PROVIDER NETWORK SOLUTIONS
- Background: Provider Network Solutions (“PNS”), based in Miami, FL, is a leading value-based care MSO, managing 3.5 million lives with over 2,000 specialty providers, committed to improving quality care with networks of providers in dermatology, orthopedics, podiatry, and pain management.
- Cassel Salpeter:
- Served as financial advisor to the company
- Conducted a robust process to identify the ideal strategic partner for PNS to achieve its next-level growth objectives
- Maximized the value of assets contributed to the joint venture while optimizing the value of the assets not involved in the transaction
- Challenges:
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- Managing the unique requirements of a joint venture, wherein PNS carved-out and contributed its three musculoskeletal networks (orthopedics, podiatry, and pain management) to the joint venture
- Creating a roadmap for the various agreements covering personnel, administration, and services for the joint venture
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- Outcome: In September 2023, PNS and Healthcare Outcomes Performance Company (“HOPCo”) created a joint venture that acquired PNS’s musculoskeletal networks. The new venture, named HOPCo Network Solutions, is an innovative value-based care platform managing networks in Florida of over 1,100 specialty providers and 1.8 million lives.
Aviation Report Q2 2023
Miami Investment Banking Firm Cassel Salpeter Issues Aviation Industry Deal Report
South Florida firm publishes Q2 2023 Aviation Deal Report surveying year’s company M&A, deal flow, and market trends
Healthcare Report Q2 2023
Miami Investment Banking Firm Cassel Salpeter Issues Healthcare Industry Deal Report
South Florida firm publishes Q1 2023 Healthcare Deal Report surveying year’s company M&A, deal flow, and market trends
Q2 2023: Tech Deal Report
Miami Investment Banking Firm Cassel Salpeter Releases Tech Industry Deal Report
South Florida firm publishes Q2 2023 Tech Investment Banking Report surveying technology deals, industry M&A, and public markets activity
Q1 2023: Healthcare Deal Report
Miami Investment Banking Firm Cassel Salpeter Issues Healthcare Industry Deal Report
South Florida firm publishes Q1 2023 Healthcare Deal Report surveying year’s company M&A, deal flow, and market trends
Q1 2023: Aviation Deal Report
Miami Investment Banking Firm Cassel Salpeter Issues Aviation Industry Deal Report
South Florida firm publishes Q1 2023 Aviation Deal Report surveying year’s company M&A, deal flow, and market trends
Q1 2023: Tech Deal Report
Miami Investment Banking Firm Cassel Salpeter Releases Tech Industry Deal Report
South Florida firm publishes Q1 2023 Tech Investment Banking Report surveying technology deals, industry M&A, and public markets activity
Flourish Research Holdings, LLC Acquired Central Research Holdings
- Background: Central Research Associates, Inc. (“CRA”), based in Birmingham, AL, is a leading, founder-owned, multi-specialty clinical research site, offering clinical trial opportunities to patients in Birmingham and the surrounding areas.
- Cassel Salpeter:
- Served as financial advisor to CRA
- Successfully identified a strategic buyer interested in expanding its footprint in the Southeastern U.S.
- Was deeply involved in the process from buyer selection through closing
- Challenges:
- Expedited marketing process to ensure the sellers timeline was met
- Maintained original deal timeline despite challenging market conditions
- Navigating extensive diligence process without interrupting the business
- Outcome: In April 2023, CRA was acquired by Flourish Research Holdings, LLC (“Flourish Research”), a large clinical trial site network in the U.S.
