Background: Opis Management Resources, LLC and Gabriel Living Centers, LLC (“Opis”), founded in 2003 and based in Tampa, FL, is one of Florida’s leading providers of long-term and post-acute care, comprised of 10 skilled nursing facilities and an assisted living facility offering comprehensive rehabilitation, advanced practitioner, and community-based services throughout Central Florida.
Cassel Salpeter:
Served as financial advisor to the Company
Conducted a robust sales process, identifying and contacting over 100 strategic and financial parties
Successfully identified a strategic buyer interested in expanding its operations in Florida
Challenges:
Facilities impacted by COVID-19 pandemic
Completed sales, marketing, and closing virtually
Outcome: In January 2021, Opis was acquired by Citadel Consulting Group, LLC, who owns and operates multiple nursing homes and care centers in Florida, as well as in other parts of the U.S., and has an extensive track record of providing a high standard of care.
https://www.casselsalpeter.com/wp-content/uploads/2021/02/opis-corporatelogo-2019.png300300roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2021-01-01 15:16:052024-01-11 17:46:02Citadel Consulting Group, LLL acquired Opis
Background:Westchester General Hospital, Inc. (“Westchester”), founded in 1967 and based in Miami, FL, is a 125-bed, family-owned acute care hospital providing quality, patient-centered care. Westchester also helped develop a graduate medical education program that has trained hundreds of physicians who serve across the nation.
Cassel Salpeter:
Served as financial advisor to the Company
Conducted a robust sales process, identifying and contacting over 100 strategic and financial parties
Successfully identified an international buyer that was looking to expand their footprint in Florida
Challenges:
Distressed operations with negative cash flow
Ensuring a smooth transaction while dealing with the negative impacts of the COVID-19 pandemic
Navigating the ever-changing Paycheck Protection Program and CARES Act guidelines relating to mergers and acquisitions
Outcome: In October 2020, Westchester was acquired by Sanitas USA, Inc. a subsidiary of Keralty SAS, an international health enterprise leader in patient-centered care and health outcomes.
https://www.casselsalpeter.com/wp-content/uploads/2020/11/Westchester.png300300roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2020-10-01 20:22:382024-01-11 17:46:53Westchester General Hospital acquired by Sanitas
