WAYNE, PENNSYLVANIA – December 19, 2017: Falcon Capital Partners, a leading middle-market investment bank, announced today the successful sale of Delta Health Technologies, LLC (Delta) to Salo Solutions, Inc. (Salo).
Founded in Altoona, Pennsylvania, in 1968, Delta Health Technologies began by offering data processing services. In response to the growing need for homecare, it connected with providers to develop automated solutions. Delta’s current focus is on technology and on understanding the implications of healthcare reform for the home health, private duty, and hospice industries. Its SaaS solution for resource management, billing, and clinical point of care serves more than 250 agencies.
Salo Solutions Inc., based in Columbus, Ohio, is an IT consultancy and systems integrator with a healthcare focus. This acquisition will unite Delta’s software expertise with Salo’s business intelligence capabilities to provide business-driven solutions for care-at-home organizations.
Falcon Capital Partners served as exclusive financial advisor to Delta Health Technologies. Keith Crownover, Delta’s President, writes, “What began as strategic advisory with Falcon Capital several years ago has culminated in a successful transaction and an exciting outcome for the shareholders and myself. I’m thankful that we picked the right team, especially with their healthcare and technology experience, to guide us through this process and maximize the value of the company we have tirelessly built over these years. We are very excited for the future of Delta Health Technologies.”
The terms of the transaction were not disclosed. The Delta press release can be found on their website here.
The Falcon deal team was led by Managing Director Mark Gaeto and Vice President Don Wanner.