The firm is led by Principals R. T. (Tom) Pinchback and Michael M. Brooks, who combined, have participated in and completed more than 52 healthcare acquisitions and divestitures in their 50+ years of experience. Both are Certified Public Accountants, have practiced public accounting, and have owned and operated their own healthcare businesses. They not only bring financial expertise, but practical business operations experience to their clients. Additionally, Mr. Pinchback is a licensed Texas real estate broker.

Mr. Pinchback was joined by Mr. Brooks on January 11, 2011. Both have served as senior executives of publicly held hospital management and health maintenance companies. These companies include Republic Health Corporation, Champion Healthcare Corporation, Paracelsus Healthcare Corporation, and Molina Healthcare. Most recently Mr. Brooks served as the chief development officer of YFCS, Inc., a privately held child and adolescent behavioral health and special education management company in Austin, Texas.

P& A specializes in healthcare mergers, acquisitions, and divestitures for a broad range of the health services industry in the United States, and has in-depth industry knowledge, with particular emphasis on medical/surgical and behavioral health hospitals and health maintenance organization services.

The firm is dedicated to getting transactions closed for its clients. Regardless of obstacles encountered P&A has a track record of accomplishing closed transactions in spite of changing conditions of the business units being acquired or sold. Turmoil in financial markets serve only to increase its resolve to find ways to succeed in closing the transaction. P&A has contacts with public companies, private firms, and data bases of prospective qualified buyers, investors and referral sources. The firm actively seeks out new buyers or sellers for clients it represents. P&A facilitates and coordinates the acquisition and divestiture process continuously from inception to completion. The firm acts as a professional intermediary among the various parties to successfully complete the identified transaction, following acceptable operations, financial, clinical, legal and regulatory due diligence.

P&A focuses on individual owners, small, and middle-market businesses with annual revenues ranging from $10.0 million to $250 million. The firm produces accurate and reliable Offering Memoranda and supporting documents highlighting the client’s attributes, business risks, value and potential for growth, all of which represents the business unit of the client in the most favorable way possible.

Services include, but are not limited to, the following:

• Seller representation
• Buyer representation
• Advisory and consulting
• Interim management – deleveraging and turnaround assignments
• Outsourced management of corporate development functions
• Referral fees for finders/brokers.