Advised on sale of medical equipment, pharmacy, and homecare services firm
Subscribe to Transaction NewsAdvised on sale of medical equipment, pharmacy, and homecare services firm
Subscribe to Transaction NewsStout served as exclusive financial advisor to Advent Home Medical and Advicare Pharmacy regarding a majority equity investment from New Harbor Capital.
Advent was founded by Carlia Cichon in 2004 and is headquartered in Pontiac, MI. The company is a leading provider of durable medical equipment, pharmacy, and homecare services to complex respiratory patients that need advanced life support technology and clinical care. The company has grown rapidly due to the success of its clinically focused patient care model and quality of service, which greatly differentiates it from the competition. Patients are increasingly being moved out of hospitals and into the home setting earlier in the continuum of care to reduce healthcare costs and improve patient outcomes, which will drive continued homecare industry growth and the need for additional services in the future.
New Harbor Capital is a leading lower-middle market private equity firm focused on healthcare, education, and tech-enabled services that partners with founder-owned companies like Advent.