Background

Ambulatory Services of America, Inc. (ASA) was founded in 2006 to acquire alternate-site businesses providing health care services in partnership with physicians. The company has a proven track record of successfully executing external growth programs, including developing joint ventures and identifying and acquiring quality operations.

In May 2008, Lindsay Goldberg, a New York-based investment partnership that manages more than $5 billion in equity, made a $75 million preferred equity investment in ASA.

Investment Banking Role

The Raymond James Health Care Investment Banking Group acted as exclusive financial advisor to ASA in connection with its equity raise with Lindsay Goldberg, advising the company on the structuring of the investment and assisting in the negotiation of financing terms.

Raymond James previously advised ASA in connection with the debt and equity financing related to its December 2007 acquisition of dialysis provider Innovative Dialysis Systems (NASDAQ - AMED).

Outcome

The Raymond James Health Care Investment Banking Group assisted ASA in its capital raise with Lindsay Goldberg, enhancing ASA's proven ability to execute external growth programs.