Avondale Partners announced that it recently served as the exclusive financial advisor to Home Health Care of East Tennessee, Continue Care and affiliates regarding their sale to Adoration Home Health & Hospice, a subsidiary of BrightSpring Health Services. Headquartered in Chattanooga, Tennessee, Home Health Care of East Tennessee was founded in 1983. Since then, the company has provided skilled home care, hospice, and private duty services to consumers in East Tennessee, West Tennessee, and Mississippi.
The sale achieved the shareholders’ objectives of realizing liquidity and ensuring that the Home Health Care of East Tennessee’s consumers continue to receive high quality care. In addition, the acquisition is a good strategic fit for Adoration Health as it capitalizes on the two companies’ collective footprint throughout Tennessee and Mississippi.
Adoration Health serves approximately 1,200 individuals in 24 counties across Middle Tennessee. Home Health Care of East Tennessee serves consumers in 17 counties in southeastern Tennessee, four counties in West Tennessee, and 14 counties in western Mississippi. Adoration Health is a part of the BrightSpring Health Services family of brands.
Avondale Partners is a leading health care-focused boutique investment banking firm headquartered in Nashville, Tennessee. Avondale Partners delivers bespoke solutions and superior outcomes to clients by leveraging our domain expertise, broad transaction expertise, and an extensive network of relationships. Avondale was founded in 2001 on the belief that high quality, value-added advice from trusted professionals is always in style.
Adoration Home Health and Hospice is a Middle Tennessee-based company providing excellent clinical care to the consumers in the surrounding communities while allowing them the comfort of healing in their home. The compassionate clinicians have years of health care experience combined with technology that allows for a seamless recovery time at home. The employees and caregivers are proud to be a part of the Adoration team and the mission of our company.
Home Health Care of East Tennessee, Inc. and Hospice has been family owned and caring for southeast Tennessee since 1983. Throughout its history, Home Health Care of East Tennessee, Inc. has been and continues to be committed to providing the highest quality health care and hospice services, along with respect and compassion for both consumers and their family. The experienced staff is made up of dedicated, skillful professionals who bring integrated, compassionate care to consumers of all ages in the comfort and security of their homes.
This was reported by Avondale Partners on October 10, 2019.
Contact information: Jonathan Morphett, Managing Partner, Avondale Partners, 40 Burton Hills Boulevard, Suite 450, Nashville, Tennessee 37215; 615-467-3533; Email: email@example.com; Website: www.avondalepartnersllc.com; or Neil Herndon, Healthcare Investment Banking Associate, Avondale Partners, 40 Burton Hills Boulevard, Suite 450, Nashville, Tennessee 37215; 615-467-3529; Email: firstname.lastname@example.org; Website: www.avondalepartnersllc.com
Contact information: Adoration Home Health and Hospice, 545 Mainstream Drive, Suite 413, Nashville, Tennessee 37228; 615-733-3600; Email: email@example.com; Website: https://adorationhealth.com
Contact information: Home Health Care of East Tennessee, Inc. and Hospice, Office of the President & Chief Executive Officer, 5740 Uptain Road, Suite 6300, Chattanooga, Tennessee 37411; Website: http://www.hhcoet.com