CommuniCare Health Services has bought Stonerise Healthcare, a nursing and transitional care provider.
Stonerise’s care network includes transitional and skilled nursing care, therapy and hospice services.
“This transaction is an ideal example of our ability to bring the full array of expertise for closely-held businesses, including creating tax-advantaged exit structures, leveraging our buyer relationships, and delivering results despite volatile capital markets and operating environments,” said Laca Wong-Hammond, managing director at Lument Securities. “Together, we pushed the limits to achieve a strong outcome for Stonerise.”
Laca Wong-Hammond and Dominic Porretta of Lument Securities advised Stonerise Healthcare.