December 8, 2015
For Immediate Release
Caber Hill Advisors announced today that it completed the sale of audiology practices in Washington and Texas in the first week of December. At the request of the parties involved, their identities and the transaction terms are to remain confidential. While the two practices were very different in terms of size, market, and scope of practice, they shared one thing in common: each owner declined to pursue a sale to a strategic buyer, opting instead to sell to an independent operator.
"We're seeing an increase in the number of independent deals," said Craig Castelli, CEO of Caber Hill. "Each year, more owners are choosing to ignore the lucrative offers presented by hearing aid manufacturers, opting instead to sell the practice to other audiologists despite the reduced valuation. Aided by easy access to capital from numerous financing sources, independent buyers are becoming more competitive and winning a greater percentage of transactions."
When asked if this signaled a slowdown among manufacturer acquisitions, Castelli replied, "Quite the contrary; hearing aid manufacturers are as aggressive as ever, and several are ramping up for a big year in 2016. Practice owners can relish in the fact that they will have numerous option when exploring a sale. We expect 2016 to be a very good year for transactions."
About Caber Hill Advisors
Caber Hill Advisors is committed to working with business owners so they can fulfill their personal and professional legacies. We've spent our careers working in the industries we serve, giving us a greater understanding of the decisions facing our clients and enabling us to provide more meaningful insights and create new value for our clients and their businesses. Our model effectively bridges the gap between business brokers and investment bankers, delivering a sophisticated advisory approach to small and medium-sized businesses.