Pinecrest News

Pinecrest Serves as Exclusive Financial Advisor to Elite Surgical Affiliates’ Management Companies

DALLAS, TX (December 12, 2017) – Pinecrest Capital Partners (“Pinecrest”), a premier investment banking firm to middle market companies, is proud to announce that Elite Surgical Affiliates has completed a 50.1% sale of four management companies which oversee three ambulatory surgery centers and one surgical hospital (“Elite”) at a combined enterprise value of $120.0 million to Nobilis Health Corp. (NYSE: HLTH) (“Nobilis”). Pinecrest served as the exclusive financial advisor to Elite in this transaction.

Elite is one of Houston’s premier managers of multi-specialty surgery centers, offering spine, orthopedic, podiatry, pain, ENT and other surgical services. Elite and its seventy-six physician partners will continue to partner with Nobilis, a Houston-based healthcare development and management company, after the transaction.

Pinecrest Senior Managing Director Barrett Kingsriter, Managing Director Bobby Renkes, and Associate Scott Renkes served as the investment bankers on this transaction.

“The Pinecrest team was exceptional to work with and guided us every step of the way. They worked hard to find us the best partner for our companies and didn’t stop until the deal was done,” said Lori Ramirez, CEO of Elite. “We relied on them for guidance through a complex transaction and also as a partner for our growing business. We’re excited to partner with Nobilis while continuing to manage exceptional surgical services to the Houston market.”

“Lori and the entire Elite team were great to work with on this transaction,” added Barrett Kingsriter, Senior Managing Director for Pinecrest. “We’re delighted that we were able to meet our client’s objectives in the transaction while helping to strengthen the healthcare community in Houston. This transaction further underscores our firm’s extensive experience in healthcare and our goal to be a trusted advisor to all of our clients.”

About Pinecrest Capital Partners:
Pinecrest Capital Partners is a premier investment banking firm with offices in Dallas, TX and St. Louis, MO, offering corporate advisory services to middle market companies. Pinecrest’s team of highly experienced professionals operates across a variety of industries. By focusing on high-touch advisory, one-stop solutions and thoughtful transaction processes, Pinecrest helps their clients maximize outcomes and realize the full value of their companies. For more information about Pinecrest Capital Partners visit www.pinecrestcap.com.

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The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.

Barrett Kingsriter’s career has focused on advising on business strategy, mergers and acquisitions, private placements for companies in a variety of industries and stages of development, capital raising and corporate formation. His extensive expertise in successfully managing complex transactions crosses a broad spectrum of industries, including energy, healthcare, industrials, technology, manufacturing, aerospace, financial services, technology and construction. As Senior Managing Director at Pinecrest Capital Partners, Kingsriter concentrates on merger and acquisition advising, capital raising transactions and advising companies on strategic and growth initiatives. Prior to forming Pinecrest, an investment banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies with enterprise values typically ranging from $25 million to $500 million, Kingsriter served with several prestigious investment banking and financial advisory institutions, including Managing Director and Head of Investment Banking at Barrier Advisors, Inc.; Vice President of Commerce Street Capital, LLC; and Managing Director and Head of Investment Banking at NexBank Capital Advisors. He served as Managing Director at NexBank Capital, Inc. He also served as an Analyst with SAMCO Capital Markets, Inc. where he focused on mergers and acquisitions, private placements and research for funds management. Kingsriter earned his bachelor of science in Political Science from Southern Methodist University and studied Political Science and International Law at Oxford and Cambridge Universities. He holds a juris doctorate from the University of Richmond. He is registered with the Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7, 63) and an Investment Banking Representative (Series 79).