Caber Hill Announces the Sale of a Pacific Northwest Audiology Practice

April 21, 2017

For Immediate Release

Caber Hill Advisors announced today that it assisted in the sale of an audiology practice in the Pacific Northwest. Specific details, including the identity of the buyer and seller and the terms of the transaction, are to remain confidential. The deal closed on March 16, 2017.

The process, led by Caber Hill CEO Craig Castelli, generated bids from four strategic buyers and one investment group. Ultimately, the seller was able to choose the buyer that provided the best combination of a strong financial offer with the ability to preserve the practice's legacy.

About Caber Hill Advisors

Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell a business or make an acquisition.

Caber Hill Advises on the Sale of The Hearing Consultants

February 28, 2017

For Immediate Release

Caber Hill Advisors announced today that it advised The Hearing Consultants, of Cincinnati, OH, in its sale to Dr. Timothy J. Teague, Au.D. The transaction closed in January, 2017. At the request of the parties involved, terms of the deal will not be disclosed.

Barbara Rozzo founded The Hearing Consultants in 1997, establishing a premier provider of audiology and hearing aid services in the Cincinnati market. She will exit the practice upon a successful transition of patient care to Dr. Teague.

Barb Rozzo said, “I am thrilled at the opportunity to transition my practice to Dr. Teague and eager to watch him continue the Hearing Consultants legacy for years to come. After receiving numerous offers to buy the practice in a short period of time, I am confident that I made the best choice, not only for myself but also for my staff, my patients, and the Cincinnati community. I’d like to thank the Caber Hill team for the invaluable guidance they provided throughout the sale process. I had met Dr. Teague prior to retaining Caber Hill, and yet I couldn’t imagine trying to sell a practice without their support and expertise.”

Dr. Teague remarked, “It has been an exciting adventure so far taking over ownership in the first few months of the new year.  Craig and Caber Hill Advisors have been very easy to work with throughout the entire purchasing and negotiations of the business.”

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Caber Hill Advises on the Sale of Ballas Hearing & Audiology

February 28, 2017

For Immediate Release

Caber Hill Advisors announced today that it advised Ballas Hearing & Audiology, Inc. of St. Louis, MO in its sale to Sound Health Services. The transaction closed in December, 2016. At the request of the parties involved, terms of the purchase agreement will not be disclosed.

Dr. Susan M. Lew, Au.D. founded Ballas Hearing & Audiology in 1998 as a high-end, concierge practice. She joined Sound Health Services following the sale.

Craig Castelli led the engagement for Caber Hill.

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Caber Hill Advises on the Sale of a Chicago Area Optometry Practice

December 8, 2016

For Immediate Release

Caber Hill Advisors announced today that it acted as the financial advisor to Cutler Eye Care, of Joliet, IL, in its sale to MyEyeDr. The transaction closed in September 2016. At the request of the parties involved, terms of the deal will not be disclosed.

Dr. James Cutler, O.D. founded Cutler Eye Care in 2004, quickly building it into a market leader. He will remain with the practice to ensure continuity and a smooth transition.

Craig Castelli led the engagement for Caber Hill. Dr. Cutler had this to say about working with Caber Hill: "Craig Castelli is Top-Notch! When I needed my practiced appraised I used Craig and his Caber Hill team. I found them prompt, professional and thorough, and the results fantastic! I highly recommend that you tap Craig's knowledge and experience in practice sales if you are considering selling your practice!"

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Caber Hill Announces Two Audiology Transactions

October 31, 2016

For Immediate Release

Caber Hill Advisors announced today that it assisted in the sale of two audiology practices in September 2016. At the request of the parties involved, specific terms of the deals will not be disclosed.

The first transaction involved a sale to another local practice. The seller was singularly focused on identifying another audiologist to whom the practice could transition seamlessly, and Caber Hill employed a covert and proprietary marketing process to target specific buyers meeting the seller's criteria, ultimately identifying another practice in the area that shared the seller's vision for the continuity of care in the practice.

The second transaction involved the sale of a multi-office practice to a strategic buyer. Caber Hill utilized a hyper-targeted marketing process focused on a small group of buyers believed to be capable of meeting the seller's expectations, with the goal of generating multiple offers at the premium end of the price range. We quickly received three offers. The seller ultimately chose the buyer with the second highest price but the best combination of an attractive price, favorable deal terms, and a quick close, and still received a price that exceeded her initial pricing expectations by 20%.

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