Welcome to The Closing Table. We are proud to share recent mergers and acquisitions news within Columbus, Ohio and Central Ohio.
Join us in congratulating our client, Stonehenge Partners, on the recent acquisition of Queen City Hospice and Capital City Hospice. Stonehenge’s acquisition will support the management team in the continued growth of the business as well as to fund buyout of the two shareholders. Footprint Capital acted as the buy-side advisor, and our strategic alliance GBQ Partners completed comprehensive buy-side financial due diligence.
Queen City operates within the Cincinnati market, while Capital City Hospice operates within Columbus and Central Ohio. The companies specialize in providing physical and emotional care for individuals with an advanced illness. This business will serve as Stonehenge’s platform investment in the hospice industry, with the expectation to grow organically and through acquisition.
Andrew Bohutinsky, Managing Partner of Stonehenge remarked,
“Footprint Capital was integral to Stonehenge’s success in identifying, negotiating and closing the acquisition of Queen City. GBQ’s attention to detail and dedication to meet a compressed timeline were also crucial. We look forward to having both firms as partners as we support the company’s future growth.”
Jim Vannelle, who will lead Queen City and Capital City as President, added
“Footprint Capital took the time to understand our culture and philosophy in order to align us with the financial partner that shared the same. Josh and Wade provided us with the necessary resources and advice every step along the way. We are excited about our partnership with Stonehenge and the future of Queen City Hospice Holdings, LLC. I wish to send a heartfelt thank you to Footprint for making this come together.”