- September 15, 2015
- LCG News & Updates
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FOR IMMEDIATE RELEASE:
LCG Advisors Acquires Conscientia Analytics
TAMPA, FL, September 1, 2015 — LCG Advisors, a leading Tampa based financial services advisory firm, has announced the acquisition of the operations of Conscientia Analytics, a Jacksonville based healthcare due diligence firm. The acquisition of Conscientia allows LCG to diversify its current M&A and loan due diligence practice to include the healthcare sector.
Paul Epstein, Managing Partner of LCG, states, “The merger with Conscientia will allow LCG to meet the growing demand of our clients in the healthcare sector, and makes us one of the foremost experts in healthcare-related transactions including hospitals, skilled nursing facilities, surgery centers, dialysis centers, physician practices and other healthcare operations.”
Brad Velie, CEO of Conscientia, will now assume the role of Managing Director of the Healthcare Advisory Group with LCG. Velie stated “Merging with LCG brings together Conscientia’s many years in the healthcare industry and leverage LCG’s infrastructure to continue our commitment of quality and responsiveness to our clients. With healthcare expenditures at over 17% of the US GDP, investments and other M&A activity in the healthcare sector are expected to increase every year. This positions LCG to provide transaction services to our clients as they take advantage of the increasingly challenging operating environment.”
LCG Healthcare Advisory Group offers quality of earnings reviews, acquisition due diligence, tenant analysis, operational reviews, and other services for private equity groups, lenders, REITS, private or public healthcare companies, and other healthcare focused lenders and investors.
About LCG Advisors
LCG Advisors is a leading advisory firm specializing in loan and investment due diligence, investment banking, wealth management, risk mitigation and other select advisory services. Founded in 2003, LCG’s team of 50 professionals work in conjunction with business owners, financial institutions, and active investors to assist them with the changes that occur during all phases of their business or personal lifecycle.
Monica Christopher, Vice President Marketing and Community Relations