January 29, 2013

Post Capital Partners Acquires Invo HealthCare

Source: Private Equity Professional Digest

Post Capital Partners has recapitalized Invo HealthCare Associates, a provider of outsourced clinical services for special needs children. In making the investment, Post Capital is partnering with Invo HealthCare’s Co-Founder, CEO and President, Mary McClain, and Jason Ralph, COO.

“After a long search, we chose Post Capital as our partner for two reasons. First, for their commitment to making investments in our staff and infrastructure so that Invo can continue to provide best-in-class services to our ultimate clients – our children. Second, for their demonstrated ability to work with management teams like ours to develop and implement appropriate growth strategies,” said Ms McClain.

Invo HealthCare is a provider of outsourced clinical services for special needs children in 23 states. It operates through two divisions that serve the needs of preschool children (3-5) and school age children (K-12). In addition, Invo’s early intervention division provides service delivery to children from birth to 3 years. Founded in 1993 by Patrick McClain, an occupational therapist and Mary McClain, an educator, Invo HealthCare now operates in 23 states. The company is based in Jamison, PA (www.invohealthcare.com).

“For 20 years, Invo HealthCare has successfully addressed the acute shortage of qualified therapists – particularly speech-language pathologists, occupational therapists, physical therapists, special instructors and school psychologists. With its superior recruiting and staffing capabilities, Invo meets the needs of school districts and municipal agencies to reduce cost and to improve flexibility while providing parents with access to high quality services for their special needs children,” said Post Capital Managing Director Mitch Davidson.

Post Capital was introduced to the investment opportunity by investment bank Capstone Partners (www.capstonellc.com), which advised Invo throughout the transaction. Susquehanna Bank provided the senior debt financing.

Post Capital invests from $5 million to $15 million of equity in companies with $10 million to $150 million of revenue and a minimum EBITDA of $2 million. Industries of interest include business services; financial/insurance services; consumer products and services; healthcare services; media and publishing; niche manufacturing and industrial; and transportation and logistics. The firm is making investments out of its second investment fund. Post Capital is based in New York (www.postcp.com).