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Capital Roundtable

Marquee Sponsor

Association Partners

 


Media Partner

Data Partners

Partial List of Past Attendees

 

Advisory Board Co.
Archimedes Health Investors
Atalaya Capital Mgmt.
Avalon Net Worth
Baker Tilly
Benesch
Blue Wolf Capital
Brookwood
Brown Gibbons Lang
Cain Brothers & Co.
Caisse de Depot et Placement du Quebec
Cantor Fitzgerald
Capitol Anesthesiology
Consonance Capital
Dental Care Alliance
England & Co.
Epstein Becker & Green
Fidus Investment Advisors
GPB Capital Holdings
Grant Thornton
Halyard Capital Mgmt.

Harbour Point Capital
Hellman & Friedman
Holland & Knight
HT Developers
Juna Equity Partners
Macquarie Capital
New York Bariatric
NorthStar Anesthesia
OMERS Private Equity
OPSEU Pension Trust
Palladium Equity
Parkstone Growth
Plante Moran
Post Capital Partners
Pouschine Cook
Raymond James
Revelstoke Capital River Cities Capital
Riverside Company
Seven Hills Capital
Sprout Health Group
Temasek International
TerraNova Capital
Unified Physician Management
Varsity Healthcare
WellcomeMD

  How Post-Acute Providers

Are Transforming Investors' Expectations

 

Private Equity Investing
In Post-Acute Healthcare Companies

                     

CHAIRED BY

Barry Freeman

Managing Director

Lincoln International LLC


FULL-DAY CONFERENCE

Thursday, November 8, 2018

8:00 am – 5:00 pm

New York City

 

REGISTER NOW


MARQUEE SPONSOR

McKinsey & Company

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

David Bard, Halifax Group

Mark Bultman, Capital One

Patrick L. Coffey, Ally Financial Inc.

Jennifer Detmer, Bindley Capital Partners LLC

Philip Edmunds, WayPoint Capital Partners

Daniel Harknett, Ridgemont Equity Partners

Chris Hendrickson, B. C. Ziegler & Co.

Timothy F. Howe, HealthInvest Equity Partners

Joseph S. Ibrahim, MBF Healthcare Partners LP

Matt Jameson, Highland Capital Management LP

Aneesh Krishna, McKinsey & Company

Matthew S. Margulies, Cain Brothers, a Division of KeyBanc Capital Markets

James Outland, New Capital Partners

Kerr Robertson, William Blair & Co. LLC

Catherine Rocco, Extended Home Care LLC
Chris Rucker, Waud Capital Partners LLC

Kenneth Saffold, Tennenbaum Capital Partners LLC

Jon Santemma, Jefferies LLC

Lou Silverman, Advanced ICU Care
Daniel E. Straus, Care One LLC

Matthew Thompson, Enhanced Healthcare Partners
Michael B. Weinberg, Levine Leichtman Capital Partners Inc.



Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

Outcomes-based initiatives, nontraditional buyer activity, and even new customer preferences are changing the landscape of the post-acute care industry.

 

These transformations are impacting the industry’s vast array of providers --

  • skilled nursing facilities
  • inpatient rehab facilities
  • outpatient rehab & physical therapy
  • home nursing
  • hospice
  • and private duty care.

With such a diverse ecosystem, private equity investors are confronting enormous expectations. In real time, they must stay up-to-date with ever-changing regulations and reimbursement models, all while attempting to capitalize on exciting new trends.

 

A changing landscape spells opportunity for investors.

For example, take the thriving home healthcare sector. Lack of access to care and chronic personnel shortages are stoking investments in technologies that provide remote monitoring.

 

Consider -- Last year private equity investor GTCR acquired GreatCall, a mobile healthcare technology company serving older adults and their caregivers. Just a few months later, GTCR sold that business to Best Buy.

 

The retailer is providing GreatCall access to its distribution network, showcasing it alongside other investments in initiatives focused on the aging population.

 

 

Register now for The Capital Roundtable’s full-day conference on “Private Equity Investing in Post-Acute Healthcare Companies,” being held Thursday, November 8, in midtown New York City.

 

You’ll gain valuable insights from our 20 speakers who will assess the outlook for PE investments in all sectors of the post-acute healthcare industry -- from rehab facilities and palliative care, to outpatient therapy, to home and community-based care, whether provided by nurses, family, or private-duty care givers.

 

 

Rural healthcare is another field where private equity firms are finding unmet needs. Across the nation, 87 rural hospitals shut down between January 2010 and August 2018. These care gaps have spurred investments like Apollo Global’s deal in July to acquire LifePoint Health.

 

Formerly a sleepy backwater of the post-acute industry, programs for the elderly and chronically ill are drawing increased interest in the wake of Welsh Carson Anderson & Stowe’s investment in InnovAge, which helps seniors age independently in their home and local communities.  Currently, 36 states offer PACE programs, providing comprehensive healthcare services to patients deemed eligible for.

 

 

Here are Three Reasons Why You Should Join Us

 

  1. Learn what measures investors must take during compliance due diligence to help ensure their deals don’t fall apart

  2. Hear our speakers dissect the consequences of changing reimbursement policies in the post-acute care sector.

  3. Hear our experts’ take on real estate plays and opportunities in investing in post-acute facilities. 

 

Certainly, despite how regulatory uncertainty has been dampening M&A activity in some corners of the post-acute care industry, deal-making is still active in the hottest segments.

 

Providers with more than $10 million of EBITDA in sectors such as hospice, physical therapy, Medicare home care, and private duty home care are attracting multiples well north of 10x in many instances.

 

Many long-term acute care hospitals and skilled nursing facilities are being valued based on their real estate, not their earnings streams. On the flip-side, with an uncertain regulatory outlook and a tendency toward hefty debt loads, deal-making for long-term acute-care hospitals has stalled.

 

In addition, post-acute care providers are facing potential technological disruption. Take Amazon for example -- an executive at the tech giant publicly expressed interest in the elder care market, putting providers on notice.

 

Register Now to Join Barry Freeman

And More Than 20 Other Industry Experts

 

Barry Freeman is co-head of Lincoln International’s U.S. Healthcare Group in Chicago, where he manages deal teams and works closely with private equity firms.

 

Previously, he led the healthcare investing activities of Summer Street Capital, a middle-market private equity fund with $550 million in AUM. He also spent 14 years at Lazard Middle Market and its predecessor Goldsmith Agio Helms, leading its healthcare services group and Chicago office.

 

Freeman began his career at Arthur Andersen, where he provided transaction advisory and audit services to middle-market and Fortune 500 healthcare services companies. Over the course of his career, he has worked on over 70 completed M&A transactions representing roughly $8 billion in enterprise value.

 

Freeman earned an MBA with high honors from the University of Chicago and a BS in economics with concentrations in both accounting and entrepreneurial management from the Wharton School at the University of Pennsylvania. He served on the board of the Healthcare Private Equity Association.

 

 

Here are some of the key points that our 20 expert speakers promise to spotlight -- 

 

  • What kinds of post-acute care providers could be targets for non-traditional buyers such as health insurers?

  • What are the prospects for adopting new technologies in areas such as telehealth?

  • How are changing population demographics and lifestyle trends impacting post-acute care?

  • How will changing reimbursement policies affect different industry subsectors?

  • When should PE investors take positions in post-acute care in spite of the regulatory challenges, and when should they stay on the sidelines?

  • How will vertical integration trends play out in the post-acute care industry?

  • How is regulatory uncertainty affecting the industry’s debt financing outlook?

  • What are some best practices for clinical due diligence?

  • How do you ensure your portfolio companies are staying in compliance with federal and state health care laws?

  • What is the outlook for exits and valuations?

  • What opportunities are created by unmet needs in rural healthcare?

  • How can providers meet patients’ demand for care in their own homes?

  • What is the outlook for distressed investing in the LTACH space?

 

Recent Middle-Market Private Equity Post-Acute Care Deals

 

  • BelHealth Investment Partners-backed Care Advantage purchased Paradise Homecare and A Hopeful Home, and completed its buyout of the Care Advantage Plus joint venture.

  • Blue Wolf Capital and Kelso & Co. acquired Jordan Health Services with a plan to merge the target with Blue Wolf-backed providers National Home Health Care and Great Lakes Caring.

  • Tailwind Capital acquired Abode Healthcare, which provides a full spectrum of home health and hospice services.

  • LLR Partners made an investment in MedBridge, an industry-leading provider of patient engagement, clinical education, and home rehabilitation programming.

  • Stonehenge Partners acquired Queen City and Capital City Hospice.

  • NexPhase Capital purchased SYNERGY Home Care, a franchisor with about 300 locations nationwide.

  • Blue Wolf Capital-backed StateServ Holdings merged with Hospicelink.

  • Webster Capital acquired Bristol Hospice, a Salt Lake City-based provider of hospice and palliative care services.

  • Vistria Group bought St. Croix Hospice from Clearview Capital.


This Capital Roundtable conference is the ideal place to expand your network and open up pathways to future deals. The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable new connections
  • Share both ideas and business cards
  • Meet potential investment partners and clients

Keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Julie Berger today to confirm your attendance at 212-832-7300 ext. 0 or jberger@capitalroundtable.com



 

 Who Should Attend

 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, BDC, and Lending Funds, as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants, & Other Advisors Who Support Them.

 

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We look forward to having you join us on Thursday, November 8, 2018.

 

Conference Organizers

 

This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community.  For more information about The Capital Roundtable’s 25 annual conferences and other events and programs, please visit www.capitalroundtable.com.

 

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 Speaking & Business Development Opportunities

 

We offer excellent speaking, marketing, and business development opportunities to reach the middle‑market private equity community. For more details, please contact Kellie Green or Claire Notton at 212-832-7300 or by email at kgreen@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Julie Berger at jberger@capitalroundtable.com or 212-832-7300 ext. 0.

 

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Who We Are

 

This Capital Roundtable conference in midtown, New York City, is all-business, all-targeted, all-designed to be a completely focused day of practical information and revealing insights about post-acute healthcare companies. You’ll gain valuable insights from --

  • Three informative panel discussions
  • Two revealing keynote presentations
  • Real-world perspectives from post-acute care company investors
  • Industry outlooks from noted sector experts
  • War stories and lessons learned from experienced hands

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Faculty

Chaired By

  • Barry Freeman, Managing Director, Lincoln International LLC

 

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • David Bard, Managing Director, The Halifax Group
  • Mark Bultman, S.V.P., Capital One
  • Patrick L. Coffey, Managing Director, Ally Financial Inc.

  • Jennifer Detmer, Vice President, Bindley Capital Partners LLC

  • Philip Edmunds, Principal, WayPoint Capital Partners

  • Daniel Harknett, Principal, Ridgemont Equity Partners
  • Chris Hendrickson, Managing Director, B. C. Ziegler & Co.
  • Timothy F. Howe, Managing Partner, HealthInvest Equity Partners
  • Joseph S. Ibrahim, Managing Partner, MBF Healthcare Partners LP
  • Matt Jameson, Manaing Director, Highland Capital Management LP
  • Aneesh Krishna, Partner, McKinsey & Company
  • Matthew S. Margulies, Managing Director, Cain Brothers, a Division of KeyBanc Capital Markets
  • James Outland, Managing Partner, New Capital Partners
  • Kerr Robertson, Managing Director--Healthcare, William Blair & Co. LLC
  • Catherine Rocco, COO & CCO, Extended Home Care LLC
  • Chris Rucker, Executive, Waud Capital Partners LLC
  • Kenneth Saffold, Director, Tennenbaum Capital Partners LLC
  • Jon Santemma, Managing Director, Jefferies LLC
  • Lou Silverman, Chief Executive Officer, Advanced ICU Care
  • Daniel E. Straus, CEO & Chairman, Care One LLC
  • Matthew Thompson, Principal, Enhanced Healthcare Partners
  • Michael B. Weinberg, Partner, Levine Leichtman Capital Partners Inc.

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Schedule

 


 
 

07:30-08:30

Networking & Registration & Breakfast

08:30-09:00

Welcoming Remarks & Audience Self-Introductions

09:00-9:30

Chairman’s Introduction --

  • Barry Freeman, Lincoln International LLC
09:30-10:15

Morning Conversation --

Investing in the Face of Change  --

How to Manage New Regs, New Payer Policies, & New Care Innovations

 

10:15-11:00

Networking & Coffee


11:00-12:00

First Panel -- 

The Next Frontier?--

How Telemedicine Is Addressing Underserved Patients

 

12:00-12:30

Morning Keynote --

  • Aneesh Krishna, McKinsey & Company

 

12:30-01:30

Networking & Luncheon

01:30-02:30

Second Panel --

Sweating the Small Stuff --

How to Safeguard Post-Acute Deals from Compliance Mistakes

 

02:30-02:45

Networking & Dessert


02:45-03:30

Afternoon Conversation --

Where To Care? --

Balancing In-Home Care vs. Skilled Nursing Facilities

03:30-04:30

Third Panel --

Hospice, Home Health, Medicare, & Outpatient Physical Therapy--

How to Tackle the Key Sectors of Post-Acute Care

 

04:30

Networking & Adjournment



  

 

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Registration

Space at this conference is limited, so register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Julie Berger today to confirm your attendance at 212-832-7300 ext. 0 or jberger@capitalroundtable.com.

 

Please note that The Capital Roundtable limits the number of registrants from a single firm to three.

 

  • Best Rate -- Early Registration -- Save $400 off the standard fee of $1495 when you register by Friday, October 5. Just $1095.

 

  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, October 19, and the fee for the conference is $1295.

 

  • Conference Rate -- $1,495 increasing to $1,595 day of conference, space permitting.

 

  • Group Rate -- $995 each, when you register two or more people to attend from the same company.

 

Register Now

 

You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 747 Third Avenue, Suite 200, New York, NY 10017.

Have a special question? Please contact Julie Berger at jberger@capitalroundtable.com or 212-832-7300 ext 0.

 

From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

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Location

The University Club

Midtown, NYC

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Sponsorships

We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claire Notton at 212-832-7300 ext.117, or by email at cnotton@capitalroundtable.com.

 

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