VERTESS Supports Acquisition of Momentum by Mosaic
VERTESS, a prominent player in healthcare mergers and acquisitions, has recently played a pivotal role in the acquisition of Momentum, a respected behavioral health provider. This strategic move allows Momentum to join the Mosaic family, a well-known entity dedicated to supporting individuals with intellectual and developmental disabilities. Through this alignment, both organizations aim to enhance their outreach and provide quality services to diverse communities.
Expanding Services Across Regions
With this acquisition, Momentum is now integrated into Living Innovations, a service under Mosaic that aims to ensure comprehensive community-based support. Momentum, which currently serves about 270 individuals with shared living programs, collaborates with Living Innovations to expand its reach to underserved populations in various regions. This partnership enhances service quality and availability across multiple states, greatly benefiting those in need.
Delivering Quality Care
Living Innovations already provides services to over 950 people, which includes facilitating shared living arrangements for more than 500 individuals. This acquisition enables the two organizations to come together, serving approximately 1,500 individuals through various support frameworks including community resources and employment services. The synergy between these two providers is poised to create innovations in the way services are delivered, ensuring individuals receive the best possible care.
Leadership Voices
According to Andy Taranko, the State Operations Director of Living Innovations, Momentum is a trusted provider known for innovative programs such as Nature Trek. He emphasizes the importance of maintaining high-quality services across regions, remarking that this merger is a natural progression for both organizations. Similarly, Dennis Strout, the founder and Executive Director of Momentum, expresses his enthusiasm about aligning with Living Innovations, driven by the objective of enhancing support and ensuring stability in service delivery for the future.
VERTESS' Role in the Merger
David Coit, the Director of Finance and Valuation at VERTESS, is excited about the merger as well. He highlights the professional collaboration between the teams at Momentum and Mosaic, which has fostered an environment conducive to achieving mutual goals. His prior experience assisting Living Innovations during their acquisition by Mosaic adds depth to his commentary on this new endeavor.
Commitment to Community
This acquisition is not merely a business transaction; it is a commitment to enhancing the quality of life for individuals requiring special services. The commitment shown by both VERTESS and the combined organizations is a testament to their dedication to community wellbeing. It ensures that individuals continue to receive vital support, independence, and the opportunity to thrive.
Contact Information
For those interested in learning more about the acquisition or the services offered, contact Vaughne Glennie at +1.520.395.0244. VERTESS stands ready to facilitate future developments in this essential sector, providing expert advisory services tailored to the needs of healthcare providers.
Frequently Asked Questions
What is the significance of VERTESS in this acquisition?
VERTESS acted as the advisory firm facilitating the acquisition of Momentum by Mosaic, playing a crucial role in the merger process.
What services does Momentum provide?
Momentum specializes in behavioral health services, including shared living and community-based programs, supporting individuals with intellectual and developmental disabilities.
How many individuals will benefit from this merger?
The partnership between Momentum and Living Innovations aims to support approximately 1,500 individuals through various services.
What new programs are anticipated from this acquisition?
Innovative programs and enhanced service delivery methods are expected, building on existing frameworks already established by both organizations.
Who can I contact for more information?
Interested individuals can reach out to Vaughne Glennie at +1.520.395.0244 for further details regarding the acquisition and services.
