Hyde Park Capital Advises Toney Healthcare Consulting on Acquisition by Centre Partners and Health Enterprise Partners

Tampa, Fla. – Nov. 16, 2022Hyde Park Capital, Florida’s premier investment banking firm specializing in sell-side mergers and acquisitions for founder and family-owned companies, announced today that its client Toney Healthcare Consulting, a leading health plan consulting services provider, has been acquired by Centre Partners and Health Enterprise Partners two leading middle-market private equity investors based in New York City and Los Angeles. The transaction marks another successful healthcare transaction for Hyde Park Capital and builds on the momentum of a continuing strong sell-side middle market for mergers and acquisitions in 2022.

Hyde Park Capital served as the exclusive sell-side investment banker to Toney Healthcare for the transaction.

“Hyde Park Capital was key in our pursuit of a meaningful and impactful investor and partner for our business,” said Dr. Sam Toney, founder and CEO, Toney Healthcare Consulting. “The team demonstrated unswerving professionalism and expertise throughout the course of our due diligence and eventual transaction. We at Toney HealthCare Consulting would like to formally thank the Hyde Park team for their determination and dedication in driving our process to a most successful outcome. Our endeavor would not have been possible without Hyde Park Capital.”

“We are excited to partner with Dr. Toney and Health Enterprise Partners to support Toney Healthcare Consulting’s continued growth,” added Daniel Brinkenhoff, Managing Director, Centre Partners. “Toney Healthcare Consulting is a trusted advisor to its health plan clients and is well-positioned to address their increasingly complex needs in the areas of utilization and care management.”

“Toney Healthcare Consulting’s unique solutions are specifically designed to supplement and enhance the clinical needs of health plans,” said Pete Tedesco, Managing Partner, Health Enterprise Partners. “We look forward to supporting Dr. Toney and the Toney Healthcare Consulting team as they embark on the next phase of growth for the company.”

John Hill, Senior Managing Director, Hyde Park Capital, commented, “It has been an honor working for Dr. Sam Toney on this significant transaction. Dr. Toney has relentlessly built this leading company in the healthcare consulting payor sector since 2008, with an innovative clinical insourcing business model and focus on best practices for value-based healthcare solutions. It was important to Dr. Toney that we find the right buyer based on not just the economics of the deal, which, of course, are very meaningful, but also the strategic fit for his employees and customers. We believe we successfully accomplished this with Centre Partners and Health Enterprise Partners.”

Hayden Boles, Vice President, Hyde Park Capital, added, “Dr. Toney and his team were a pleasure to work with and remained collected throughout the ups and downs of a typical M&A process. We very much appreciate the trust instilled in the Hyde Park Capital Team by Sam and his colleagues throughout the entirety of the process.”

About Toney Healthcare Consulting

Founded in 2008, THCC provides multiple innovative and flexible service offerings to its health plan clients utilizing dedicated teams of clinical, administrative and management professionals. Service offerings include consulting and process optimization services, staff augmentation, med-psych care management services, and its flagship Insource Partnership, where a fully integrated, non-delegated team assumes responsibility for a specific service inside a health plan. THCC leverages a team of over 350 experts comprised of medical doctors and nurses as well as psychiatrists, psychiatric nurses, clinical social workers and therapists. For additional information, please visit www.toneyhealthcare.com.

About Centre Partners

Founded in 1986, Centre Partners is a lower middle-market private equity firm focusing on the consumer and healthcare sectors with offices in New York and Los Angeles and approximately $2.6 billion of equity capital invested in over 90 transactions. Centre Partners seeks to partner with founders, families, entrepreneurs and management teams to build exceptional businesses. Centre Partners provides management teams access to its resources, which includes an extended network of experienced and proven operating executives. For additional information, please visit www.centrepartners.com.

About Health Enterprise Partners

Health Enterprise Partners invests in privately held, lower middle market healthcare services and information technology companies. Central to HEP’s strategy is its unique and extensive hospital system and health plan network, 41 members of which are investors in HEP’s funds. HEP seeks to invest in companies that improve the quality of the patient experience, expand access, and reduce the cost of healthcare. For additional information, please visit www.hepfund.com.

About Hyde Park Capital

Hyde Park Capital is an institutionally focused boutique investment banking firm specializing in mergers and acquisitions and  serving the corporate finance needs of successful founder and family-owned companies. Its principals have extensive investment banking experience managing merger and acquisition engagements, including executing sell-side and buy-side sale of company assignments, recapitalizations, financial advisory services, fairness opinions, and raising growth capital and acquisition financing for companies, including equity, mezzanine, and senior debt. Hyde Park Capital has extensive experience across numerous industry sectors, including healthcare, technology, business, industrial and financial services. Hyde Park Capital is headquartered in Tampa, Florida, and is a member of FINRA and SIPC. For additional information, please visit www.hydeparkcapital.com.

Media Contact:

John H. Hill, Jr.
Hyde Park Capital

Hayden Boles
Hyde Park Capital