Vesta Healthcare

Company Profile

Founded in 2018, the Company delivers technology-enabled in-home healthcare and personal emergency response services, providing trusted care and proactive support to seniors and high-risk populations. The company combines 24/7 telehealth support, remote patient monitoring, personal emergency response services, and caregiver engagement tools to seamlessly connect real-time in-home observations with patient health data. Leveraging its extensive nationwide referral network and advanced monitoring capabilities, the Company delivers measurably improved outcomes, reduces avoidable emergency room visits and hospitalizations, and enhances the overall patient and caregiver experience.

Situation

Despite achieving substantial growth since inception, Vesta’s CAH business struggled to materialize as firmly as their personal emergency response services division. Facing significant monthly cash burn, along with complex regulatory challenges and operational inefficiencies, the Company decided to evaluate alternatives.

Solution

Leveraging its deep expertise in life sciences, technology, and special situations, SSG generated significant market engagement and secured multiple indications of interest for the Company. After significant discussion with numerous interested parties, Essen Health Care submitted an offer determined to be the highest and best for the select assets. The transaction with Essen preserves Vesta’s technology stack and ensures continuity for its patients. SSG’s experience in distress and ability to quickly reach a large buyer’s universe ensured that the sale preserved jobs and maximized value for stakeholders amidst rising concern.