ORANGE, CALIFORNIA (October 13, 2020) – Statesman Corporate Finance, LLC (“Statesman”) and SSG Capital Advisors, LLC (“SSG”) acted as co-investment bankers to HealthBridge Children’s Hospital – Orange CA, L.P. (HealthBridge” and/or the “Company”), in a sale of substantially all its assets to an affiliate of Vivra Specialty Care, LLC (“Vivra Specialty Care”). The Transaction closed September, 2020.
Established in 2000 and based in Orange, California, HealthBridge is a pediatric specialty hospital focused on providing acute pediatric care to children recovering from serious brain injury, acute illness or other life altering diseases. The hospital has a district skilled nursing facility until approved by the State of California to provide both acute and sub-acute care to medically complex and technology dependent children.
With a significant demand for pediatric care in Southern California, the 27-bed facility has experienced consistent high occupancy rates and profitability over its history. After remaining a family-owned pediatric specialty hospital for nearly 20 years, its owners decided to explore strategic alternatives in order to continue the hospital’s current success, and drive growth.
SSG and Statesman were retained by HealthBridge to conduct a comprehensive marketing process and solicit offers for the hospital from a broad universe of strategic and financial buyers. The process attracted significant interest from several parties that engaged in a thorough review of HealthBridge and submitted offers for the hospital. The offer from an affiliate of Vivra Specialty Care ultimately generated the best outcome for the owners and provides a platform for the future success of the pediatric specialty hospital and skilled nursing facility.
About the other transaction participants
Statesman Corporate Finance, LLC (Houston, TX & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation and other general corporate financial advisory services to middle-market companies.
SSG Capital Advisors, LLC (Philadelphia, PA & New York, NY) is an independent boutique investment bank that assists middle-market companies and their stakeholders in completing special situation transactions providing mergers and acquisitions, private placements, financial restructurings, valuations, litigation and strategic advisory.