2015

Summer Street Capital Partners has sold Bracor to Almost Family

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Summer Street Capital Partners has sold the remaining operations of Bracor, Inc. and Subsidiaries (“Willcare” or the “Company”) to Almost Family, Inc. (NYSE: AFAM; “Almost Family”). The total enterprise value for the transaction is $53.5 million. The transaction was previously announced on February 27, 2015, when Willcare’s Ohio operations were acquired by Almost Family.

Willcare is a leading provider of skilled home health and personal home care services in the states of New York, Connecticut and Ohio. With 16 branch locations in three states, Willcare is a leading provider in its communities and boasts the #2 and #3 market shares in terms of referrals for the Hudson Valley and Western regions of New York State, respectively. The Company has a reputation for providing high-quality clinical care and vital services that result in increased individual quality of life and lower cost home-based care. Willcare reported $72 million in revenue for the 12 months ended December 31, 2014.

Lincoln acted as the exclusive financial advisor to Summer Street Capital Partners and Willcare, working closely with the Company’s board of directors and management team throughout the sale process. This included providing advisory expertise and managing the preparatory marketing, negotiation and due diligence phases of the transaction.

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