Mergers and Acquisitions Advisory
SCA’s Investment Banking team has assisted hundreds of publicly-traded and private companies in executing strategic sales and purchases of companies, business units, and operating assets. Our professionals facilitate and expedite the transaction process by advising in the formulation of strategies, identifying and screening potential buyers and sellers, performing preliminary pricing and establishing valuation criteria, and structuring and negotiating the transaction.
SCA has a comprehensive range of merger and acquisition advisory services. Click below for more information on those services, including relevant case studies of work performed by SOLIC professionals:
SCA’s investment banking professionals have a proven track record of executing disciplined, efficient sale processes that result in maximum value for our clients. At SCA, we take a hands-on approach to the sale process and seek to leverage our industry insights in order to position clients for successful transactions that meet strategic objectives. Below are representative case studies of work performed by SOLIC professionals:
Regional provider of Emergency Department services with over 20 hospital contracts and 400 physicians. SOLIC professionals were engaged as financial advisor to evaluate potential strategic alternatives, identify prospective acquirers, develop and implement a competitive solicitation process, provide valuation support, and structure and negotiate the terms of the sale transaction, as well as all related physician agreements. After discussions with several leading physician staffing operators, Company agreed to be acquired by one of the largest providers of outsourced physician staffing solutions for hospitals in the U.S.
MedCath Corporation is a publicly-traded, national healthcare provider focusing on high-acuity services and specializing in the diagnosis and treatment of cardiovascular disease. SCA professionals served as performance improvement restructuring advisors, and exclusive financial advisors to evaluate and execute strategic alternatives. Specific services included: setting valuation parameters; development and execution of a disposition plan; development and implementation of appropriate communication strategies; identification of potential buyers; and, assistance in structuring and negotiating transactions. After assisting in the proper positioning of the portfolio holdings, SCA professionals were responsible for the structuring, negotiation and highly successful execution of a series of 14 transactions realizing a doubling of market value over the course of 18 months, with shareholder value appreciating from $7/share trading price to an anticipated distribution of realized proceeds in excess of $14/share.
SCA’s investment banking professionals have extensive experience structuring and executing sales of distressed assets to maximize recoveries for investors and creditors. Working with clients, we evaluate a full range of considerations including market conditions, liquidity needs, and legal and regulatory issues to identify the most efficient transaction solution. SCA professionals have experience with a full range of distressed sales processes including sales pursuant to Section §363 of the U.S. Bankruptcy Code, UCC-9 sales, and sales executed under an Assignment-for-the-Benefit-of-Creditors. Below are representative case studies of work performed by SOLIC professionals:
Taylor Bean & Whitaker Mortgage Corporation was the nation’s largest independent residential mortgage originator, headquartered in Ocala, Florida. The Company serviced $80 billion of mortgage loans and originated approximately $40 billion of mortgage loans. An SCA professional served as Chief Restructuring Officer and other SCA professionals served as support personnel in connection with the Company’s Chapter 11 bankruptcy filing. SCA professionals coordinated and directed the administration of the Company’s Chapter 11 case, including assistance with respect to the preparation of bankruptcy schedules, statements of financial affairs and any plan of reorganization or liquidation relating to the Company. In addition, SCA professionals oversaw the disposition of approximately 4,500 foreclosed loans and greater than $500 million of residential mortgages. Post-bankruptcy, SCA professionals continued to serve as Liquidating Trustee and Chief Financial Officer.
SCA professionals were engaged to perform services in connection with reviewing and evaluating the contemplated development of and future prospects relating to 610 Lexington in New York. In addition to evaluating strategic alternatives, SCA professionals provided financial and advisory support, including: assessment of alternatives, opportunities and risks to maximize recoveries related to outstanding credit agreement; alternative use and valuation analyses related to the land; development of potential restructuring/recovery plans; and, implementation of restructuring initiatives including direct discussions and negotiation with creditors, investors, and other stakeholder constituents. SCA professionals negotiated a sale of certain rights to the property to a large scale commercial real estate owner/developer.
SCA professionals frequently advise corporations and institutional investors on executing strategic acquisition initiatives. Our services typically include a broad market assessment to identify and solicit a range of opportunities to meet a client’s strategic objectives to structuring, due diligence and negotiation with respect to a specific transaction. In all cases, SCA’s clients benefit from our extensive market knowledge and broad access to industry resources. Below are representative case studies of work performed by SOLIC professionals:
Lehigh Valley Health Network (“LVHN”), a Pennsylvania non-profit corporation, includes: (i) three hospital facilities; (ii) nine health centers caring for communities in four counties; (iii) numerous primary and specialty care physician practices; (iv) pharmacy, imaging, home health services and lab services; and (v) preferred provider services. SCA professionals were engaged as financial advisors in connection with LVHN’s consideration of various strategic alternatives including a proposed partnership, merger, affiliation, or acquisition transaction with Greater Hazleton Health Alliance. Specific activities of SCA professionals included: transaction feasibility and due diligence assessment, quantification of potential merger synergies, development of an integrated financial model, and transaction execution and support.
One of the 10 largest temporary staffing firms in the industry, with annual revenues in excess of $1.5 billion, more than 300 offices located throughout the U.S., and over 10,000 customers. Company acquired the stock of a leading provider of temporary staffing services to the light industrial and clerical sectors of the U.S. staffing industry. The acquisition allowed the Company to expand its geographic market coverage in the U.S., gain new client relationships, and acquire new management talent critical to continuation of the Company’s rapid growth. SCA professionals acted as exclusive buy-side financial advisors on the transaction.
SCA offers its clients a full spectrum of due diligence support services including strategic, operational and financial assessment of a merger, partner or acquisition target, synergy identification and quantification, financial modeling, customer interviews and management evaluations. SCA also assists clients in responding to due diligence requests by compiling and reviewing client documentation and hosting electronic data rooms.
SCA ensures a disciplined, results-oriented process utilizing rigorous deadlines, timely responses to inquiries and information requests, and strict adherence to all regulatory and legal issues. In addition, SCA’s approach to transaction management allows our client leadership teams to continue to focus on operating the business, while SCA manages the execution of the transaction. Our ongoing commitment to success has enabled us to continuously exceed client expectations.