The Finer Days M&A Difference
We’re always seeking business owner’s and agency administrators who are looking for a growth story to be part of. We want a worthy home for all their employees and customers.
We act fast and offer a fair price, but there’s no cookie cutter formula for our process. Every deal is different. We’ll cater to your unique needs—including structuring the deal so that you can retire or stay on board, provided the fit is right!
Because we think in the long-term, our investments are always made with profitable generational growth in mind. There is no quarterly performance expectation or defined exit timeline. We offer terms other companies simply can’t.
All information and conversations related to M&A are kept in confidence and are covered by a non-disclosure agreement.
Our Merger and Acquisition Process
Step 1: Initial Conversations
What We Do:
We’ll meet for coffee, on zoom, or over the phone to talk about your company, your goals for the future, and a little about Finer Days and how we operate. This stage goes fairly quickly, and there’s no commitment.
What You Need:
Have an idea of general numbers, what you look for in a transition, coverage area, and other information. We won’t ask for specifics at this point.
Moving Forward:
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Mutual Confidentiality Agreement (NDA)
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High Level Checklist of Detailed Information
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Our offer (Letter of Intent, LOI)
Step 2 – 4: Due Diligence, Asset Purchase, Finalizing Terms
What We Do:
During this phase, we’ll apply due diligence to determine whether the business acquisition makes sense on paper. This includes a deep look at your financials, current talent level, coverage area, and licenses and contracts. We’ll also look at the areas of improvement and key risks.
We will present terms for the transaction, including our agreed payment price for assets and/or stock. We will also finalize details, including the level of your continued participation after the sale is complete.
What You’ll Need:
Once the NDA is in place, we’ll request an 11-item checklist that includes detailed financial data, employee headcounts, compensation details, breakdown of revenue by category of reimbursement, and fleet information.
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Moving Forward:
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Signed agreements, transaction documentation, and detailed terms
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Completion of the acquisition, payment, and transfer of shares and/or assets
Step 5: Post-Closing Activities
After the sales terms are completed, we prefer owners and tenured managers to remain actively involved, either in a consulting role or as an active participant for at least 30 days. Business contacts and customer will receive a joint letter from you and Finer Days Healthcare explaining the transition.
During this process, we’ll also transition your team over to our existing benefits plan, payroll structure, and required training. In addition, we ensure your team is taken care of from day one: all members are “grandfathered” into the existing Finer Days Healthcare structure. If an aid has served your customers for 20 years, they’re now a 20-year veteran of the Finer Days team!
Moving Forward:
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Your team completes the transition to Finer Days Healthcare
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Branding decisions finalized
Merger and Acquisition Inquires
If you are looking for a potential buyer for your Home Healthcare Agency, Finer Days Healthcare would love to speak with you. We understand the hard work that building a business requires. We look forward to finding a Finer Day in the future with you and your company!
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