has been acquired by



Alliance and HealthMark are
developers and acquirors of
free-standing ambulatory
surgery centers.

The undersigned acted as financial advisor to Alliance Surgery in this Transaction

Alliance Surgery

Description

Alliance Surgery and HealthMark Partners are healthcare services companies focused on acquiring, developing, and operating single and multi-specialty ambulatory surgery centers (ASCs), typically in joint ventures with physicians or with physicians and hospitals.

Situation

Croft & Bender was retained by Alliance Surgery in 2007 to act as its financial advisor to sell or merge the Company.

Result

Alliance Surgery was acquired by HealthMark Partners in a stock-for-stock transaction in April 2008. Alliance Surgery and HealthMark Partners were a strong strategic fit in that both focus on a minority equity ownership model in ASCs, while most competitors focus on majority equity ownership. On a combined basis, the Companies managed 17 ASCs and had 7 ASCs under development at that time. The transaction brought together exceptional experience in ASC development and operations as well as the scale and resources to accelerate the building of the business.