LivingWell Health Solutions, Inc., headquartered in Charlotte, North Carolina, is a leading wellness and health risk management company providing services through on-site clinics to plan members of self-insured and fully-insured health care plans.
Situation:
- The current shareholders, consisting of an institutional investor and management, were seeking to raise additional capital or sale the Company
Challenges:
- The Company was facing significant capital constraints to support its growth plan and profitability
- The Company hired a new CEO and made additional changes to the management team throughout the process, creating a challenge for potential investors to get comfortable with a new management structure that had been in place for a limited period of time
Successful Solution:
- Anderson LeNeave worked closely with management to develop a forecast that would give potential buyers / investors insight into future performance
- Anderson LeNeave contacted a focused group of strategic buyers with a defined interest in the health risk management and wellness industry as well as numerous financial buyers focused on the healthcare industry
- LivingWell Health Solutions, Inc. sold its contracts to HealthStat, Inc., allowing the Company to successfully unwind its operations
