We continue to see strong demand for leading healthcare facilities and alternate site healthcare services companies as investors recognize the highly attractive fundamentals driving this segment.
Richmond, VA (PRWEB) October 5, 2009
Harris Williams & Co. is pleased to announce the sale of Just Care, Inc. to strategic buyer The GEO Group, Inc. (NYSE:GEO). Harris Williams & Co. acted as the financial advisor to the Special Committee of the Board of Directors of Just Care. The transaction closed on September 30, 2009 and was led by Cheairs Porter and Geoff Smith from the firm's Healthcare & Life Sciences Group along with Bill Roman from the firm's Boston office.
"We are delighted to have had the opportunity to serve as the financial advisor to the Special Committee of the Board of Directors and to work with the management team of Just Care," said Cheairs Porter, a director in Harris Williams & Co.'s Healthcare & Life Sciences Group. Porter adds, "We continue to see strong demand for leading healthcare facilities and alternate site healthcare services companies as investors recognize the highly attractive fundamentals driving this segment."
Just Care, Inc. manages the 354-bed Columbia Regional Care Center located in Columbia, South Carolina. The facility houses medical and mental health correctional residents for the State of South Carolina and the State of Georgia as well a special needs detainees under custody of the U.S. Marshals Service and U.S. Immigration and Customs Enforcement.
The GEO Group, Inc. is a world leader in the delivery of correctional, detention and residential treatment services to federal, state and local government agencies around the globe. GEO offers a turnkey approach that includes design, construction, financing and operations and represents government clients in the United States, Australia, South Africa and the United Kingdom. GEO's worldwide operations include the management and ownership of 62 correctional and residential treatment facilities with a total design capacity of approximately 60,000 beds, including projects under development.
Harris Williams & Co. a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is one of the largest mergers and acquisitions advisory firms in the country focused exclusively on the middle market. Harris Williams & Co. represents private equity groups as well as publicly and privately held companies worldwide.
The firm's Healthcare & Life Sciences Group is dedicated to transactions in the facilities and alternate site healthcare services, medical and life science products, and provider, producer, and payor services sectors.
Merger and acquisition services are provided by Harris Williams LLC, a registered broker-dealer and member FINRA and SIPC. Harris Williams & Co. is the trade name under which Harris Williams LLC conducts its business.
For general release inquiries, please contact Marketing Director, Kimberly Baker at 804-648-0072.