Chicago, IL (PRWEB) November 30, 2015
Symbria Inc., a Warrenville, Illinois company announced the sale of the company to an Employee Stock Ownership Plan (ESOP) owned S-Corp. Verit Advisors, a Chicago-based investment banking firm, was engaged by Symbria to provide expertise in structuring a solution that optimized the company’s and shareholders’ objectives.
“The company has been privately owned since it was founded 20 years ago,” said Symbria President and CEO Jill Krueger. “More than just a retirement plan for our employees, our new structure is a true reflection of our corporate culture, which values each of our employees’ individual contributions to our clients and the company as a whole. This, coupled with our industry-leading focus on quality, integrity, ethics, and an unwavering commitment to meaningfully improving the lives and well-being of our clients’ patients and residents, has been central to our growth.”
Verit Advisors' team, led by Rob Ruszkowski, collaborated with the Symbria ownership and management team to custom design an optimal transaction based on Verit’s extensive experience with private business ownership transition. “It has been an honor for the Verit team to be part of ensuring the outstanding legacy held by Symbria will continue into the future,” stated Mary Josephs, Founder and CEO of Verit Advisors. “The ESOP ownership structure creates valuable tax benefits, employee benefits, and financial flexibility,” added Ms. Josephs.
About Verit Advisors
Verit Advisors unites sophisticated middle market investment banking capabilities with a client centric boutique, fluent in ESOPs, debt and equity capital markets, mergers & acquisitions, and valuation services. Integrity, teamwork, service, and innovation are at the heart of the organization, as Verit strives to provide unparalleled advice and custom solutions to its clients. Mary Josephs founded Verit Advisors in 2009 and has nearly three decades of experience in the world of corporate finance. Josephs and her team are considered to be one of the foremost experts in ESOP transactions and middle market strategic alternatives. Verit has offices in Chicago, Minneapolis and Los Angeles.
With $130 million in revenue, Symbria is a leading national developer and provider of innovative products and services dedicated to helping post-acute and senior-living providers deliver proven quality, better manage costs, and gain competitive advantage. These are the companies of Symbria: Symbria® Rx Services provides innovative and efficient medication management programs for the full spectrum of senior living—skilled nursing, assisted living, and independent living. Alliance Rehab™ provides physical, occupational, speech-language pathology, and respiratory therapy, along with wellness programs and a proprietary functional assessment tool. Symbria® Analytics offers inQ™ Experience Surveys for residents, families, employees, and physician; IT consulting services; SAFE, a Patient Safety Organization; and physician alignment resources. The company is based in Warrenville, IL, and does business in 20 states nationwide. Visit http://www.symbria.com.