Edgemont Partners Advises Ridgemont Equity Partners on its Acquisition of Agape Care Group, a Vistria Group portfolio company
Edgemont Partners becoming a leading buy-side M&A advisor with eight transactions in the last twelve months
NEW YORK, NY – October 25, 2021 – Edgemont Partners (“Edgemont”), a premier healthcare investment bank and a leading M&A and capital raising advisor exclusively serving healthcare companies, announced that it acted as exclusive financial advisor to Ridgemont Equity Partners (“Ridgemont”) on its acquisition of Agape Care Group (“Agape” or the “Company”), a portfolio company of The Vistria Group. Headquartered in Spartanburg, SC, Agape is a leading provider of hospice and palliative care services in the Southeast with 20+ locations serving more than 2,100 patients across South Carolina and Georgia. The transaction was completed in Ridgemont’s most recent flagship fund, REP III, which was formed in 2018 and has $1.65 billion of committed capital. The terms of the transaction were not disclosed.
Edgemont’s deal team was led by Eugene Goldenberg, Managing Director. This is Edgemont’s fourth buy-side advisory transaction in as many months and the tenth post-acute transaction since Mr. Goldenberg joined Edgemont in December 2019 to lead its investment banking franchise in post-acute services, distribution and staffing.
Over the last twelve months, some of Edgemont’s other marquee post-acute care transactions include: (i) Webster Equity Partners’ acquisition of Honor Health Network, (ii) sale of Comfort Care Home Health and Hospice to Aveanna Healthcare, (iii) Searchlight Capital Partners’ acquisition of Care Advantage, (iv) sale of The Adaptive Group to Help at Home, (v) Vistria Group’s acquisition of Mission Healthcare, and (vi) H.I.G. Capital’s acquisition of St. Croix Hospice.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5.5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65 billion of committed capital. For more information, please refer to the Ridgemont website at www.ridgemontep.com.
About Agape Care Group
As a regional leader in hospice and palliative care, Agape Care Group proudly serves more than 2,100 patients today across South Carolina and Georgia. The Company’s ~1,000 employees are committed to serving with love those touched by an advanced illness, providing comfort and support through compassionate care and meaningful experiences. Agape offers hospice and palliative services across multiple settings and is renowned for its superior patient-family experience and expertly trained professionals. For more information, please refer to the Agape Care website at www.agapecaregroup.com.
About Edgemont Partners
Now in its 20th year, Edgemont ranks among the most active and best-performing independent healthcare M&A and financial advisors in the U.S. We focus solely on providing expert strategic advice and transaction execution to healthcare and life sciences companies, bringing a steadfast commitment to our clients, driven always to prioritize their best interests. Edgemont’s principals have executed 175+ transactions with an aggregate value of $75 billion+.
For more information on Edgemont and how we can best serve you, contact Ben Hughes at +1 (646) 632-3967, or visit our website at www.edgemont.com.
Investment banking services are provided by Edgemont Capital Partners, LP, a registered broker-dealer and member of FINRA and SIPC.