Apex Therapeutic Care, Inc. has merged with Curative Health Services, Inc.

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Transactions

Apex Therapeutic Care, Inc. has merged with Curative Health Services, Inc.

After terminating its engagement agreement with another investment bank, Apex hired Kerlin as its financial advisor to explore its strategic alternatives and then implement the chosen alternative. Apex Therapeutic Care, Inc. is an investor-owned leading provider of hemophilia self-injectable distribution and services. Kerlin developed and implemented a “controlled auction” to market the company to a selected group of financial and strategic buyers, from which Curative Health Services emerged as the best partner to meet Apex’s strategic needs and the needs of its shareholders. Kerlin developed the Apex valuation based on identified pro forma adjustments and synergies. Apex shareholders received total consideration of $64 million, or 1.4 times historical revenue and 9.0 times historical EBITDA.