Grant Avenue Capital Hires Investment Partner

Preston Brice joins from a leading healthcare PE firm

Grant Avenue Capital, LLC, www.GrantAveCap.com, a New York-based healthcare-focused private equity firm, announced today that Preston Brice has joined the firm as a Partner.

Mr. Brice will be responsible for sourcing, evaluating and executing middle-market investment opportunities, monitoring portfolio companies and helping to develop the long-term strategy of Grant Avenue Capital.

Prior to joining Grant Avenue Capital, Mr. Brice served as a Managing Director with MBF Healthcare Partners, a middle-market healthcare private equity firm where he led and executed a number of investments. Before MBF, Mr. Brice worked with Apple Tree Partners, a growth-oriented healthcare investment firm.

“Preston’s deep healthcare expertise further enhances our ability to identify and complete creative private equity investments as well as to accelerate the growth of our portfolio companies in partnership with management teams,” said Buddy Gumina, founder and managing partner of Grant Avenue Capital.  “In addition, his indomitable entrepreneurial spirit will have a profound impact on the expansion of our firm.”

Mr. Brice began his career in healthcare investment banking at CIT Group before pursuing his MBA at Columbia Business School.

“What most excites me about Grant Avenue Capital is the firm’s culture of team-driven excellence combined with a passion for partnering with first-rate management teams” said Mr. Brice. “As a firm, we continually look for a diverse group of executives to back both in operating and board level capacities.”

For more information please visit www.GrantAveCap.com or email Info@GrantAveCap.com.

About Grant Avenue Capital, LLC

Grant Avenue Capital is a healthcare-focused, middle-market private equity firm targeting investments alongside forward-thinking management teams that seek an experienced and innovative investor with highly flexible capital, both in terms of duration and structure. While a typical investment will involve companies generating approximately $5 million to $25 million of EBITDA, Grant Avenue Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, joint-control partnership investments, and special situations. 

In addition, the Grant Avenue Foundation supports employees and portfolio companies of Grant Avenue Capital that are actively engaged with healthcare-oriented charitable organizations.

Grant Avenue Capital Acquires Two Divisions from HCR ManorCare

Leading providers of outpatient rehabilitation services and healthcare staffing solutions

Grant Avenue Capital, LLC, www.GrantAveCap.com, a healthcare-focused private equity firm, announced today that it has acquired the Heartland Rehabilitation and MileStone businesses from HCR ManorCare. The combined business will operate under the newly formed brand, H2 Health.  Terms of the transaction were not disclosed.

Heartland Rehabilitation, which has changed its name and will operate in the market as H2 Health, is a national provider of outpatient physical rehabilitation care offering a wide range of services, including physical, occupational, and speech therapies.  The business operates more than 60 outpatient facilities across seven states.  Additional information about H2 Health is available at www.H2Health.com.

MileStone, a H2 Health company, provides per-diem, travel, and contract clinical staffing to healthcare providers and facilities throughout the country.  Additional information about MileStone is available at www.MileStoneStaffing.com.                         

“HCR ManorCare has created leading, regional platforms in the outpatient rehab and caregiver staffing sectors,” said Buddy Gumina, founder and managing partner of Grant Avenue Capital.  “Looking forward, we will build upon the great foundation of H2 Health to expand the reach of the business and thereby provide world-class care to a broader base of patients.  In addition, completing a complex transaction like H2 Health speaks to the operational and execution capabilities of Grant Avenue Capital.”

Guy Sansone, founding partner of Kiawah River Health Partners, a Grant Avenue Capital Advisory Board member, and Chairman and CEO of H2 Health added: “H2 Health has a long-track record of delivering outstanding care and improving the lives of patients. I look forward to working with our dedicated and patient-focused management team, clinicians, and employees to grow our breadth of services over the years to come.”

For more information please visit www.GrantAveCap.com or email Info@GrantAveCap.com.

About Grant Avenue Capital LLC

Grant Avenue Capital is a healthcare-focused, middle-market private equity firm targeting investments alongside forward-thinking management teams that seek an experienced and innovative investor with highly flexible capital, both in terms of duration and structure. While a typical investment will involve companies generating approximately $5 million to $25 million of EBITDA, Grant Avenue Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, joint-control partnership investments, and special situations. 

In addition, the Grant Avenue Foundation supports employees and portfolio companies of Grant Avenue Capital that are actively engaged with healthcare-oriented charitable organizations.

About Kiawah River Health Partners LLC

Kiawah River Health Partners (“KRHP”) is the family investment vehicle of Guy Sansone.  KRHP co-invests with private equity firms and high net worth individuals across the healthcare continuum. 

Grant Avenue Capital Announces Strategic Partnership

East Rock Capital and GCM Grosvenor Back Healthcare Private Equity Firm

Grant Avenue Capital, LLC, www.GrantAveCap.com, a healthcare-focused, middle-market private equity firm, announced today that it has finalized a strategic partnership with East Rock Capital, LLC, and GCM Grosvenor.

Buddy Gumina, founder and managing partner of Grant Avenue Capital, said the firm will continue to target investments in mid-sized healthcare companies centered on themes of cost containment, custom solutions, consumerism and compliance.

East Rock Capital is a New York City-based investment firm that manages approximately $2 billion on behalf of a select group of high-net-worth families. United around the belief that talent is the best asset class, the firm protects and carefully grows client capital by seeking to create highly aligned partnerships with world class investment talent.

GCM Grosvenor is a global alternative asset management firm with $57 billion in assets under management in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions.

“We are proud to partner with these world-class organizations that are each incredibly well-respected in the investment community and whose experience will be invaluable as we further build and expand Grant Avenue Capital,” said Mr. Gumina. “We will continue to focus on transforming middle-market healthcare companies by utilizing our deep investment experience, deploying our proven growth-strategy playbook, and engaging our highly talented Advisory Board of successful industry executives.”

New York City-based Grant Avenue Capital was launched in 2019 by Mr. Gumina, who most recently served as senior equity partner of the global healthcare team at Apax Partners, a leading international private equity firm. 

Mr. Gumina founded and led the build-out of Apax Partners’ U.S. healthcare buyout practice over the course of 20 years and across multiple economic cycles. At his prior firm, Mr. Gumina invested over $4 billion, with an additional $1.5 billion of co-investment from limited partners and strategic investors, in companies across the healthcare landscape.

For more information please visit www.GrantAveCap.com or email Info@GrantAveCap.com.

About Grant Avenue Capital LLC

Grant Avenue Capital is a healthcare-focused, middle-market private equity firm targeting investments alongside forward-thinking management teams that seek an experienced and innovative investor with highly flexible capital, both in terms of duration and structure. While a typical investment will involve companies generating approximately $5 million to $25 million of EBITDA, Grant Avenue Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, joint-control partnership investments and special situations.

In addition, the Grant Avenue Foundation supports employees and portfolio companies of Grant Avenue Capital that are actively engaged with healthcare-oriented charitable organizations.  The Grant Avenue Foundation is primarily funded through a portion of the earnings of Grant Avenue Capital.  

Contact:

David M. Toll
Toll Communications
908/304-2842

Grant Avenue Capital Expands Team

Investment professionals join from Audax Private Equity, Morgan Stanley

Grant Avenue Capital, LLC, a New York-based healthcare-focused private equity firm, announced today that Alex Ferree and Eric Kim have joined the firm as senior associates and Sari Ring has joined as chief of staff.

Mr. Ferree and Mr. Kim will be responsible for sourcing, evaluating and executing middle-market investment opportunities, as well as monitoring portfolio companies. Along with office management, Mrs. Ring will be involved with the firm’s philanthropic efforts.

Prior to joining Grant Avenue Capital, Mr. Ferree served as an associate at Audax Private Equity. There he executed several investments across the healthcare and consumer sectors. Mr. Ferree graduated from the Wharton School at the University of Pennsylvania with a B.S. in Economics.

Mr. Kim worked as an associate at Morgan Stanley Capital Partners, where he completed deals in the healthcare and technology sectors. Prior, he was in the healthcare investment banking group at Bank of America and an analyst with Citigroup Capital Markets. Mr. Kim graduated from Duke University with a B.S. in Economics.

“Eric and Alex bring excellent healthcare experience that ties directly to our core investment themes,” said Buddy Gumina, founder and managing partner of Grant Avenue Capital. “They will play an integral role in building the firm and executing on its long-term vision of investing flexible capital to transform middle-market healthcare companies.”

Prior to Grant Avenue Capital, Mrs. Ring worked for two leading nonprofits, the Alzheimer's Association and Best Buddies. She graduated from Indiana University with a B.A. in Sociology. 

In addition to chief of staff, Mrs. Ring will be involved with the Grant Avenue Foundation, which supports employees of Grant Avenue Capital and its portfolio companies who are engaged with healthcare-oriented charitable organizations.  Mr. Gumina commented: “Sari’s prior experience will make her a high-impact chief of staff and enable the Grant Avenue Foundation to accelerate its mission.”

For more information please visit www.GrantAveCap.com or email Info@GrantAveCap.com.

About Grant Avenue Capital, LLC

Grant Avenue Capital is a healthcare-focused, middle-market private equity firm targeting investments alongside forward-thinking management teams that seek an experienced and innovative investor with highly flexible capital, both in terms of duration and structure. While a typical investment will involve companies generating approximately $5 million to $25 million of EBITDA, Grant Avenue Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, joint-control partnership investments and special situations.

Grant Avenue Capital is led by Buddy Gumina, who founded and led the build-out of Apax Partners’ U.S. healthcare buyout practice over the course of 20 years and across multiple economic cycles. At his prior firm, Mr. Gumina invested over $4 billion, with an additional $1.5 billion of co-investment from limited partners and strategic investors, in companies operating in services, medical devices, pharmaceutical products and healthcare IT. 

Contact:
David M. Toll
Toll Communications
917/842-3860

Grant Avenue Capital Launches Healthcare Private Equity Firm

Innovative firm investing flexible capital to transform middle-market companies

Grant Avenue Capital, LLC, a healthcare focused private equity firm, announced today that it is pursuing investments in mid-sized companies centered on themes of cost containment, custom solutions, consumerism and compliance.

The New York City-based firm is led by Buddy Gumina, who most recently served as senior equity partner of the global healthcare team at Apax Partners, a leading international private equity firm. 

Mr. Gumina founded and led the build-out of Apax Partners’ U.S. healthcare buyout practice over the course of 20 years and across multiple economic cycles. At his prior firm, Mr. Gumina invested over $4 billion, with an additional $1.5 billion of co-investment from Limited Partners and Strategic Investors, in companies operating in services, medical devices, pharmaceutical products and healthcare IT.  

Grant Avenue Capital will target investments alongside forward-thinking management teams that seek an experienced and innovative investor with highly flexible capital, both in terms of duration and structure.  Through its advisory board of healthcare executives with specific domain knowledge, the firm can bring years of operating experience to its portfolio companies to assist in driving growth and efficiencies.  

While a typical investment will involve companies generating approximately $5 million to $25 million of EBITDA, Grant Avenue Capital has significant support to complete larger transactions through strong co-invest relationships.  The firm will focus on control buyouts, buy-and-builds, joint-control partnership investments and special situations. 

“Amidst the ever-evolving healthcare sector, we believe there are attractive opportunities for an experienced investor such as Grant Avenue Capital to identify, invest in and transform middle-market businesses that are connected to our core investment themes,” said Mr. Gumina.  “Grant Avenue Capital’s deep healthcare network, coupled with our proven growth-oriented playbook, long-term vision and creative capital solutions, make the firm a fantastic partner for founders, entrepreneurs and management teams.”

An established investment firm managing substantial assets in long-duration investment pools on behalf of a select group of high net worth families is an anchor investor and strategic partner with Grant Avenue Capital.

Grant Avenue Capital also announced the formation of the Grant Avenue Foundation, which will actively support Grant Avenue Capital employees and portfolio companies engaged with healthcare-oriented charitable organizations.

 For more information please visit Grant Avenue Capital’s website at www.GrantAveCap.com or contact Grant Avenue Capital by email at Info@GrantAveCap.com.

https://www.prnewswire.com/news-releases/grant-avenue-capital-launches-healthcare-private-equity-firm-300853188.html