“We were pleased with First Union’s work in assisting us with our financing needs. Their relationships in the private equity community and the speed of execution provided by their team was exceptional,” said Richard J. Kampa, chairman and CEO of U.S. HealthWorks.
"Serving as U.S. HealthWork's financial partner was a rewarding role for us," said John K. Hudson, managing director of First Union Securities’ Healthcare Investment Banking Group. "This transaction demonstrates the combined strength of First Union’s industry knowledge and execution ability. Our work on this equity placement is another example of our healthcare team’s ability to provide full-service financing and advisory capabilities to growing companies."
Richland Ventures III, L.P. and Three Arch Partners led this round of financing for U.S. HealthWorks, and were joined by existing investors J.P. Morgan Partners and BankAmerica Ventures.
U.S. HealthWorks, headquartered in Alpharetta, GA, is a national leader in occupational healthcare services. Through its acquisition of the HealthSouth Occupational Medicine Division, U.S. HealthWorks will double its size and operate facilities in 162 communities in 29 states. The company’s affiliated providers will serve over 12,000 patients daily generating estimated annual revenues of over $230 million. To find out more about U.S. HealthWorks, visit www.ushealthworks.com.
First Union Securities Healthcare Investment Banking Group provides products and services to healthcare companies in a range of sectors, including biotechnology, facilities, healthcare information technology, medical devices, and specialty pharmaceuticals. The group has earned a strong reputation for its financial advisory activities such as mergers and acquisitions, equity underwriting, equity-linked and high yield securities, as well as traditional commercial banking products.
First Union (NYSE:FTU), with $253 billion in assets and stockholders' equity of $16 billion at March 31, 2001, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 47 states and internationally. Online banking products and services can be accessed through www.firstunion.com.
Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses.
First Union Securities includes: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) the Capital Markets and Capital Management Groups within First Union National Bank (“FUNB”), a national banking association, and its subsidiaries, providing asset management, lending, structured finance risk management, derivatives, and fiduciary services to institutions and individuals; (4) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (5) various wholly-owned state insurance agencies.
Stocks, bonds, mutual funds or other securities offered or sold through First Union Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal.
Email This Page
Printer Friendly Version
