Vertess recognized for dealmaking
By HME News Staff
Updated 11:38 AM CDT, Thu May 9, 2024
FORT WORTH, Texas – Vertess was recently named the No. 1 lower middle market investment bank for Q1 2024 by Axial, a private deal network serving professionals who own, advise and invest in North American companies. Vertess facilitated three transactions in the quarter:
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MyDoc Urgent Care, a multi-location urgent care center based in Pennsylvania, was acquired by MyTown Health Partners, a comprehensive practice management services organization recently formed by Webster Equity Partners.
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Gold Medal Home Health, an I/DD services provider based in New Jersey, was acquired by Abound Health, a North Carolina-based provider dedicated to supporting individuals with diverse needs.
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North Valley Developmental Services, Inc., a California I/DD company, was acquired by Merakey, a national provider of services for children, adolescents and their families in areas of mental health and autism based in Pennsylvania.
"Assisting companies who provide these valuable supports is an extremely rewarding process,” said Jack Turgeon, a director at Vertess. “We know how important it is to establish the right partnership to keep critical services in place. We are extremely pleased to have facilitated these transitions." In total, Axial saw 2,534 total sellside deals marketed on its platform in the first quarter of 2024, which was an increase from the previous two quarters. In particular, health care had the industry with the highest pursuit rate on the platform.
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