Austin business brokers

Press Release

 

Corporate Investment Represents Home Health Services Company Petra Health, Inc. in Acquisition

Austin, Texas – December 7, 2010  – Corporate Investment, a business brokerage in Austin, Texas specializing in business sales, mergers and acquisitions, represented Petra Health, Inc. of San Antonio during the business sales process. A strategic buyer in the home health industry has acquired all of the shares of Petra Health, Inc. in a cash transaction.

Established in 2005, Petra Health is a Medicare Certified provider of skilled nursing home health services in Bexar County and all contiguous counties. The acquiring company noted that Petra Health provides an excellent entry into the central Texas and specifically the San Antonio market, which is expected to experience significant growth for the next several years.

Dwight Sweeney, a business broker with Corporate Investment, represented the seller. Internal executives within the acquiring company led the buyside team.

Angie Guiberteau, owner of Petra Health commented, “Dwight Sweeney with Corporate Investment provided us with accurate, professional service throughout the process of selling our business, including valuation, marketing, negotiation and finding serious potential buyers. The transaction process was painless and completed in 20 days.”

This acquisition provides entry into the state of Texas for the acquiring company, which currently operates through multiple locations throughout the southeastern United States.

About Corporate Investment
Corporate Investment is a financial advisory firm specializing in business sales, mergers and acquisitions. Founded in 1984 in Austin, Texas, Corporate Investment works primarily with the owners of middle-market businesses in a variety of industries, and their potential acquisition or merger partners.