Date: August 12, 2024
Client: Paragon Clinical
Sector: Healthcare
Industry: Skilled Nursing Facility Services
Houlihan Capital (Chicago, IL) acted as the exclusive financial advisor on the sale of Paragon Clinical, PLLC’s General Medicine and Primary Palliative Care Practices to HealthDrive Corporation & HDC Care Solutions, LLC (Framingham, MA), a portfolio company of Cressey & Company (Chicago, IL). The transaction closed on August 12, 2024.
Headquartered in Burr Ridge, IL, Paragon Clinical provides on-site clinical support and staff augmentation services to skilled nursing and assisted living facilities and specializes in general medicine, primary palliative care, and primary care psychiatry. The business was acquired by Dr. Mary Beth Sutkowski in 2013 and has grown to become a leading provider of clinical services in the greater Chicagoland area.
Headquartered in Framingham, Massachusetts, HealthDrive is a leading multi-specialty clinical services organization to patients residing in long-term-care facilities, delivering coordinated care across six specialties: primary care, podiatry, vision, dental, behavioral health, and audiology. HealthDrive has grown to employ 500+ clinicians in over 3,800 facilities, serving more than 150,000 enrolled senior living residents. To learn more about HealthDrive, visit www.healthdrive.com.
Houlihan Capital represented and advised the owners of Paragon Clinical as it conducted a comprehensive process to identify and initiate discussions with strategic and financial acquirers.
For more information, please contact Frank Martinez:
Frank Martinez
Vice President
fmartinez@houlihancapital.com
312.450.8640
