Dresner Partners advises CCHHS in its partnership with HHG

Dresner Partners, a FINRA-registered, middle-market investment bank, and IMAP member firm, announced today that it advised Care Collaborative Home Health Services, Inc. (CCHHS) in its recent strategic partnership with Home Health Group, LLC (HHG), a holding company focused on investments in the home health industry. Terms of the transaction were not disclosed. Dresner worked together with Fleetridge Pacific, a San Diego-based investment bank, as co-advisor on the transaction.

Headquartered in Chicago, Illinois, CCHHS is a Medicare-certified home health agency founded in 2003. The company provides skilled intermittent care to predominantly homebound elderly patients residing primarily within the city of Chicago. Services include nursing, home health aid, physical and occupational therapy, behavioral health, diabetic management and wound care.

"This transaction positions CCHHS for its next stage of growth and diversification, and we are very appreciative of the efforts of our advisors at Dresner and Fleetridge for bringing this opportunity to fruition," said Antoinette Hardy-Waller, Chief Executive Officer of CCHHS. "We are very excited to be working with the proven, high quality team at HHG to continue to build upon our success and expand our market and service offerings." Ms. Hardy-Waller will remain in her role as Chief Executive Officer of CCHHS following the transaction.

HHG was formed by Craig W. Moore and Eric Maaske to invest in the highly fragmented home health services sector. Building on their track records with Everest Healthcare Services, Inc., a very successful build-up in the dialysis sector which was sold to Fresenius Medical Care (NYSE: FMS) in 2001, Moore and Maaske intend to leverage CCHHS as a platform to add other related home health businesses under the holding company umbrella.

"We were very impressed with the high quality of service and technological innovation at CCHHS, in addition to the breadth of services provided," commented Eric Maaske, Chief Executive Officer of HHG. "The strong management and historical investment in infrastructure make CCHHS an ideal platform for executing HHG's build-up strategy in home health services."

Gregg Pollack, Managing Director at Dresner Partners, stated, "We are pleased to have facilitated this highly strategic transaction on behalf of the shareholders of CCHHS in this challenging environment. Given the ongoing state of flux of capital markets and regulatory uncertainty in the healthcare sector, we commend the management teams at both CCHHS and HHG for their ability to focus on the mutual benefits of this transaction and see it through to completion." Steven Dresner, President of Dresner Partners, added, "The professionalism and creativity of both Toni Waller and Eric Maaske enabled us to structure and complete a transaction that achieves the objectives of both organizations and sets the stage for accelerated growth at CCHHS. We look forward to the continued success of these two companies in the home health industry."


Dresner Partners


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