Cassel Salpeter & Co. Secures Financing for Healthly LLC

MIAMI – April 23, 2024 – Cassel Salpeter & Co. (“Cassel Salpeter”), an independent investment banking firm that provides advisory services to middle market and emerging growth companies in the United States and worldwide, represented Healthly LLC (“Healthly”) in securing financing from Corbel Capital Partners. The financing has supported the strategic investment in a restricted Knox-Keene license, two independent physician associations (“IPAs”), medical centers and the continued growth of its business.

Based in Los Angeles, Healthly is a provider empowerment platform, providing a one-stop solution for physicians to assume full risk and succeed in value-based care, driving optimal outcomes for patients, providers and health plans. Healthly’s subsidiary Access Senior Healthcare operates as a restricted health service plan under the Knox-Keene Act, enabling access to full value-based economics, providing a mechanism to sustainably maximize patient outcomes.

“It was great working with Healthly’s Chief Executive Officer Ben Quirk and the rest of the Healthly team,” said Cassel Salpeter Chairman James Cassel, who led the deal. “We were excited to assist with securing funding to support not only their original transaction, but also support their future growth.” 

Cassel Salpeter helped Healthly in identifying and evaluating its financing options and assisted throughout the due diligence and closing process. Cassel Salpeter Managing Director Philip Cassel, Director Joseph Smith and Associate Charles Davis assisted with the transaction.

Healthly’s Chief Executive Officer Ben Quirk added, “James and the Cassel Salpeter team were critical to helping us find the right growth partner. Their deep healthcare knowledge and ability to provide counsel and guidance throughout the process were invaluable.” 

Healthly’s transaction efforts were assisted by Kyle Quirk, Arwin Soetanto, Erica Badran and Kegan Williams of Healthly with counsel provided by Melissa A. Borrelli of Nossaman LLP and Claire Marblestone and Frederick V. Bryant of Foley & Lardner LLP. Brian Yoon and Graham Gallaher led the Corbel Capital Partners team with counsel provided by Aytan Dahukey, Moorari Shah, Adam Barton, Lynsey Mitchel and Jason Jones of Sheppard Mullin Richter & Hampton LLP.

About Cassel Salpeter & Co.:

Cassel Salpeter & Co. LLC is an independent investment banking firm that provides advice to middle market and emerging growth companies in the United States and worldwide. Together, the firm’s professionals have more than 100 years of experience providing private and public companies with a broad spectrum of investment banking and financial advisory services, including: mergers and acquisitions; equity and debt capital raises; fairness and solvency opinions; valuations; and restructurings, such as 363 sales and plans of reorganization. Cofounded by James Cassel and Scott Salpeter, the firm provides objective, unbiased, results-focused services that clients need to achieve their goals. Personally involved at every stage of all engagements, the firm’s senior partners have forged relationships and completed hundreds of transactions and assignments nationwide. The firm’s headquarters are in Miami. Member FINRA and SIPC. More information is available at