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August 25 2021

KippsDeSanto & Co. advises CRAssociates, Inc. on its sale to Valor Healthcare, a portfolio company of Trive Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, CRAssociates, Inc. (“CRA” or the “Company”) to Valor Healthcare (“Valor”), a portfolio company of Trive Capital.

Headquartered in Newington, Virginia, CRA is a leading operator of Community-Based Outpatient Clinics (“CBOCs”) for the Department of Veterans Affairs nationwide, providing the U.S. Veteran population with easy and convenient access to quality healthcare. These clinics provide outpatient services, including but not limited to routine diagnostic procedures, immunizations, behavioral healthcare, and health and wellness visits.  In addition, CRA manages an acclaimed occupational health program with multiple clinics spanning several states.

The transaction is expected to enhance Valor’s geographic reach and strengthen its position within existing core markets.

We believe this transaction highlights several key trends in the Government Services M&A market:

• Enhanced interest in health-related markets given ongoing demographic and anticipated budget trends

• Significant interest for companies with entrenched customer relationships and strong past performance qualifications

• Private equity continues to aggressively deploy capital through its existing portfolio companies to supplement growth and accelerate to scale

KippsDeSanto & Co. is pleased to announce the sale of its client, CRAssociates, Inc. (“CRA” or the “Company”) to Valor Healthcare (“Valor”), a portfolio company of Trive Capital.

Headquartered in Newington, Virginia, CRA is a leading operator of Community-Based Outpatient Clinics (“CBOCs”) for the Department of Veterans Affairs nationwide, providing the U.S. Veteran population with easy and convenient access to quality healthcare. These clinics provide outpatient services, including but not limited to routine diagnostic procedures, immunizations, behavioral healthcare, and health and wellness visits.  In addition, CRA manages an acclaimed occupational health program with multiple clinics spanning several states.

The transaction is expected to enhance Valor’s geographic reach and strengthen its position within existing core markets.

We believe this transaction highlights several key trends in the Government Services M&A market:

• Enhanced interest in health-related markets given ongoing demographic and anticipated budget trends

• Significant interest for companies with entrenched customer relationships and strong past performance qualifications

• Private equity continues to aggressively deploy capital through its existing portfolio companies to supplement growth and accelerate to scale