For Immediate Release
Monument MicroCap Partners, LLC (“Monument”), a Midwest-based private equity firm with offices in Bloomfield Hills, Michigan and Indianapolis, Indiana, announced today that on March 20, 2024, it closed a transaction with Champion Wellness Centers (“Champion” or the “Company”). Based in Tampa, Florida, Champion operates seven wellness centers specializing in comprehensive chiropractic services. In addition to its chiropractic wellness centers, Champion operates an eighth clinic that specializes in multidisciplinary services, including physical therapy, shockwave therapy, trigger point injections and regenerative medicine in addition to chiropractic treatment. Champion distinguishes itself in the market by offering a unique care model that prioritizes systematic evidence-based care, holistic wellness, and continuous patient education which combined provide a higher value model than competing clinics.
Dr. Carl Conforti, Chief Executive Officer of Champion, expressed his enthusiasm for the partnership, stating, “We are excited to be partnering with Monument as we accelerate the next phase of Champion’s growth plan. We are dedicated to delivering high-quality care to our patients through chiropractic treatment and a growing suite of comprehensive multidisciplinary services. Monument will provide us with strategic support and capital as we continue to expand our geographic presence and service offering throughout the state of Florida. Champion and Monument share the same cultural values and vision for the future of the Company, its patients, and its employees.”
Tim Hildebrand, Co-CEO of Monument, added “We are grateful for the opportunity to partner with Carl and the Company’s outstanding management team. The Company’s approach to delivering patient care is a key differentiator in this market, and we are highly impressed by the team’s demonstrated ability to acquire and integrate additional locations. We look forward to working with the Champion team as we collectively seek continued expansion through exploration of add-on targets and further implementation of multidisciplinary services.”
About Monument MicroCap Partners, LLC
Monument is a Midwest-based private equity firm focused on investments in North American businesses with EBITDA of $2-8 million. Monument seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including niche manufacturing, business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.
Please contact Tim Hildebrand (tim@monumentmicrocap.com) or Cosmin Dordea (cosmin@monumentmicrocap.com) at Monument for additional information.