1. Matt Searles, founded the company in 2001 after a successful career as an investment banker.
2. Merritt Healthcare started as an owner, developer and manager of surgery centers and has completed 20 projects, currently manages seven centers and has a number of active development projects.
3. In 2008 Merritt Healthcare Advisors (MHA) was formed and represents owners of outpatient surgical facilities and practices who were considering selling or merging their business. Over the past 10 years MHA has successfully completed $2 billion in transactions.
4. The two leaders of MHA, Matt and Rich Searles, are FINRA registered investment advisors, which means that there is an outside agency providing oversight into everything that they do.
5. MHA currently has active engagements across the U.S., with projects ranging from Alaska to Florida. They help clients with minority and majority interest sales and mergers and acquisition, working with hospitals, private equity, large groups and national strategic buyers and partners.
6. Merritt's work is largely at risk, meaning that owners who engage Merritt only pay for services if there is a successful transaction. This virtually eliminates the risk involved for owners selling an interest or merging their business.
7. MHA is the only mergers and acquisition (M&A) firm in the space that runs an investment bank process and has the knowledge and expertise that can only come from running your own business, operational and clinical practices and the experience from running dozens and dozens of transactions.
8. As a result of running this complex and time consuming process Merritt is, typically in every instance, able to positively impact a prospective sale or merger by anywhere from 10 percent to 35 percent.
9. Jim Freund heads up business development for Merritt. Jim has spent 30 years in the ASC space, starting as a partner in the first ASC software companies and growing a number of industry leading firms during his career.
10. An often overlooked, but vitally important part of any transaction, are the non-financial terms and considerations. It takes a lot of experience to negotiate the best holistic terms, after all when the deal is done this is what you have live with.