Marriott & Co. Serves as Exclusive Financial Advisor to Home Care Delivered, Inc.
For Immediate Release
Marriott & Co. Serves as Exclusive Financial Advisor to Home Care Delivered, Inc.
Richmond, VA, December 12, 2013
Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Home Care Delivered, Inc. (“HCD” or the “Company”) in its financing transaction that closed on December 6, 2013. The transaction included financing provided by Capital One Bank and F.N.B. Capital Partners, L.P. Proceeds from the new capital investment were used to recapitalize the Company and position it for future growth. Terms of the transaction were not disclosed.
Based in Glen Allen, Virginia, HCD is a rapidly growing specialty medical distributor that partners with physicians, home health care providers and other healthcare practitioners by providing medical supplies delivered directly to their patients’ homes anywhere across the U.S. HCD has contracts with insurance companies across the country including Medicare, most Medicaids, managed care plans and hundreds of commercial plans. HCD offers a wide array of name-brand products across multiple chronic care categories, including incontinence, diabetes, ostomy, urology, wound care and oral nutritionals, many of which are disposable in nature. These products are instrumental in assisting people to return home from a hospital stay and extend their ability to remain in the home setting. Founded in 1996, HCD has a long successful operating history and today employs over 150 employees. HCD and its leadership have been recognized for their success numerous times over the years, including being awarded a spot on Inc. Magazine’s “Inc. 5000” ranking of the nation’s fastest-growing private companies and having Gordy Fox, Chairman, CEO and President of HCD, being selected as a finalist for the Ernst & Young Entrepreneur of the Year Award.
Gordy Fox, Chairman, CEO and President of HCD, said, “Marriott & Co. did a tremendous job of managing an efficient transaction process for HCD, and we are extremely grateful for the high level of quality, integrity and professionalism that Justin and his team displayed from start to finish. We are extremely pleased to have two excellent new financial partners in Capital One Bank and F.N.B. Capital Partners as a result of this transaction, and we feel that HCD is now perfectly positioned to capitalize on the many growth opportunities that we see in the current healthcare environment.”
“It was an absolute pleasure working with HCD on this important transaction,” said Justin Marriott, Managing Director of Marriott & Co., “Gordy and the rest of the HCD team have built an impressive business over the past 17 years and we are happy to have helped them to secure such solid financial partners for the company going forward.”
About Home Care Delivered, Inc.:
Headquartered in Glen Allen, Virginia, HCD is a rapidly growing specialty medical distributor that partners with physicians, home health care providers and other healthcare practitioners by providing medical supplies to their patients, delivered directly to their homes anywhere across the U.S. HCD has contracts with hundreds of insurance companies to include Medicare, state Medicaid plans and commercial payors throughout the US. HCD offers a wide array of name-brand products across multiple chronic care categories, including incontinence, diabetes, ostomy, urology, wound care, and oral nutritionals, many of which are disposable in nature. These products are instrumental in assisting people to return home from a hospital stay or extending their ability to remain in the home setting. HCD has 5 offices in the US and distribution that enables next-day delivery for 96% of the US population. Since its founding in 1996, Home Care Delivered has served thousands of customer an is proud of its track record of providing customers with the highest quality medical supplies and for consistently providing efficient home delivery, caring customer service and educational resources that provide peace of mind to our customers knowing their needed medical supplies are a call away.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. is a premier, independent boutique investment banking firm focused on advising closely-held private companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Contact: Justin Marriott
Phone: (804) 344-0952
justin@marriott-co.com
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