October 4th, 2023
Merit Capital Partners Completes Two Fund VII Investments: Acacia Health, LLC and Displayit, LLC

ABOUT MERIT’S INVESTMENT IN ACACIA HEALTH, LLC

Merit Capital Partners, together with Matt McMurphy, CEO of Fund VI portfolio company, Reliant at Home, recently partnered with management to invest in Acacia Health, LLC (“Acacia” or the “Company”).

Founded in 2008 and headquartered in Orange County, California, Acacia is a provider of reimbursable home health, hospice, and palliative care services primarily to Medicare enrolled patients in their place of residence, including skilled nursing facilities, assisted living facilities, and patients’ homes. Acacia’s unique programs and innovative solutions have played a pivotal role in receiving patient referrals from hospitals, physicians, clinics, long-term care facilities, and its own internal divisions. Acacia currently serves the Orange County region and parts of LA County and has plans to grow throughout and beyond the state of California, both organically and via acquisition.

Ben Yarbrough, Managing Director at Merit, said, “We are thrilled to partner with such a reputable provider of clinical care services. Acacia has become recognized among its network of referral source partners as a reliable provider that strictly adheres to the highest quality standards of clinical compliance. Acacia is poised to extend its brand beyond Orange County to continue serving patients and families within this rapidly growing segment of healthcare, with a focus on affordable, value-based in-home care. We are grateful to partner in this investment alongside Matt McMurphy, an experienced and trusted home health and hospice executive well-known to Merit, and Acacia’s talented management team led by CEO Alex Agazaryan.”

Merit provided subordinated debt and equity in this investment. Please contact Ben Yarbrough or Sean Stanley for more details.

ABOUT MERIT’S INVESTMENT IN DISPLAYIT

Merit Capital Partners together with Ancor Capital Partners, recently partnered with management to acquire Displayit, Inc. (“Displayit” or the “Company”).

Founded in 1998 and headquartered in Irvine, California, Displayit provides structural branding solutions for retail settings, food service locations, tradeshow exhibits, and other corporate environments across the US. Displayit provides customers with a single point of contact to provide in-house design, fabrication, and installation needs for any custom structural branding solutions. The Company is also a licensed General Contractor which enables it to manage client projects all the way to completion, including installation. Displayit operates out of its 120,000 sq. ft. manufacturing facility in Irvine where it conducts all primary operations.

Ben Yarbrough, Managing Director at Merit, said, “Displayit represents an exciting opportunity to partner with an established and experienced leader in the industry. Displayit has a reputation for creating unique and experiential physical environments to communicate brand identity for its diverse client base. We are proud to partner in this investment alongside Ancor Capital Partners and Displayit’s talented leadership team.”

Merit provided subordinated debt and equity in this investment. Please contact Ben Yarbrough or Lisa Portanova for more details.

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