September 15, 2016 – Bravaldo Capital Advisors, Inc. (“BCA”) is pleased to announce the successful shareholder buyout and recapitalization of its client Brightmoor Hospice, Inc. (“Brightmoor”) by existing shareholders and United Community Bank. Brightmoor is a Griffin, Georgia based provider of in-patient and in-home hospice care, and provides medical, emotional, spiritual, and bereavement support for terminally ill patients and their families. BCA served as advisors to the shareholders and provided critical advice which led to a smooth transaction and optimal outcome for the parties.
Penny Griffin, a Brightmoor shareholder and Chief Operating Officer, noted “Bravaldo Capital Advisors executed a process to sell Brightmoor to a third party, the outcome of which helped the shareholders determine that a buyout of one owner and a re-investment in the business by the remaining shareholders was the optimal choice for all stakeholders. During their engagement, BCA recommended bringing in a financial and operational hospice consultant, which has helped us improve our billing and collections process. Furthermore, BCA worked smoothly with our multiple shareholders, including owners who often had diverging individual expectations, and their team was a big help in positioning Brightmoor for future growth.”
Don Bravaldo, President of Bravaldo Capital Advisors, added “We are very pleased to have worked with a great client and ownership group that was patient and trusted in the process. This helped tremendously in our ability to succeed for Brightmoor and the shareholders.”
Brightmoor Hospice, Inc. (www.brightmoorhospice.com) is a Griffin, GA based provider of in-home and in-patient hospice care. Founded in 2004, Brightmoor provides services for the terminally ill and their families, and end-of-life care for patients living in Spalding County and the 14 surrounding county region.