Mid-Atlantic Health Care Acquires Four Skilled-Nursing Facilities
Signal Hill is pleased to announce that its client, skilled-nursing and rehabilitation provider Mid-Atlantic Health Care, has acquired four skilled-nursing facilities from Magnolia Management. The acquisition increases Mid-Atlantic’s network to 21 locations and its number of beds to 4,000, creating a fully integrated network of skilled-nursing facilities for hospitals and insurers. Mid-Atlantic is privately held and headquartered in Timonium, MD. Signal Hill provided advisory services in connection with financing for the transaction.
Mid-Atlantic will introduce its data-mining technology to each of the new facilities, providing staff with real-time updates on health measures for patients. Magnolia will continue to provide rehabilitation services at the four facilities that were acquired, all of which are based in western Maryland.
“The network we have created covers western Maryland and is the first fully integrated network of nursing facilities for hospitals and insurers in that region,” said Dr. Scott Rifkin, CEO and founder of Mid-Atlantic. “We are pleased to be a leader in reducing health care costs by improving care and coordinating services.”
About Signal Hill
Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill’s experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com
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