Throughout his time as CEO of home-based telehealth and affected person monitoring firm Well being Restoration Options, Jarrett Bauer wished to assist extra house well being suppliers develop their attain by digital care.

Whereas house care remains to be a high precedence for Bauer, he’s now specializing in a unique want within the business. He just lately launched Montauk AI, a transaction and funding banking platform that helps firms with real-time valuations.

“We’re on a mission to make use of AI and software program to create exits at a fraction of the value, and in addition to allow higher entry for individuals who usually lack monetary sources,” Bauer informed Residence Well being Care Information. “There are steps to being profitable in promoting your small business, and they’re the monetary evaluation, getting analysis, creating advertising supplies, reaching buyers after which the method administration. We assist entrepreneurs and homeowners get in these areas to be nice.”

Certainly one of Montauk AI's essential goals is to make funding banking providers extra accessible.

“My final purpose is to supply entry to those unbelievable providers to house care and hospice homeowners to allow them to get the exit they deserve,” Bauer mentioned.

Broadly talking, the platform produces detailed monetary forecasts and advertising supplies and acts as a matchmaker for firms searching for exits and buyers searching for offers.

The driving power behind Montauk AI is Bauer's perception that the normal funding banking course of lacks the sources to successfully serve small and medium-sized companies. Residence care suppliers typically fall into this class.

“I feel a whole lot of it comes all the way down to expertise,” Bauer mentioned. “There are greater than 14,000 house care establishments, and the vast majority of them are small organizations. They normally don't have the expertise of doing these monetary transactions as a result of they’re so involved about issues that they don't know. 'What’s the worth of my firm? Who ought to I discuss to?' The true drawback we're fixing is that folks don't have this info. AI and software program enable us to ship these unbelievable, useful providers that Fortune 500 firms present. We convey it to the common proprietor for on a regular basis use.”

Whereas Montauk AI isn't only for house care firms, a few of its first prospects have been organizations on this sector.

Certainly one of these firms is West Palm Seaside, Florida-based Independence Residence Well being, an organization that provides expert nursing, personal providers, bodily remedy and occupational remedy in sufferers' houses. The corporate has 4 places and serves the east coast of Florida. It serves greater than 3,000 sufferers yearly.

For Independence Residence Well being, Montauk AI has been a software to assist the corporate's development efforts, mentioned CFO Jonathan Dickinson.

“We're at all times taking a look at what's accessible within the business so we will develop by acquisitions… or organically,” he informed HHCN.

Independence Residence Well being was in negotiations with a possible acquisition goal when the corporate partnered with Montauk AI.

“[Jarrett’s] staff got here in and mentioned they may assist with an analysis,” Dickinson mentioned. “An analysis that was very fast, straightforward and easy, and along with the details that may both A decide the valuation of the corporate, or B, enable us to know what we would want from a financial institution financing viewpoint. From begin to end it in all probability took two and a half weeks.”

Dickinson famous that the method allowed Independence Residence Well being to get a very good valuation from the corporate that may need to purchase it.

“It actually put us in a fantastic place to say, 'Hey, that is what we need to do as an organization and that is the place we need to go,'” he mentioned.

Based on Dickinson, the addition of Montauk AI is especially well timed given the present state of the house care business.

“The house well being care business in all probability has extra individuals exiting, simply with the state of Medicare and Medicare Benefit plans, what it gives goes to be wanted greater than ever,” he mentioned.

At GrandCare Well being Providers – a Pasadena, California-based healthcare group that features three house well being companies and serves 10,000 sufferers yearly – Montauk AI delivered a brand new expertise for an organization that had labored extensively with brokers and funding bankers prior to now.

“These aren't simply sensible individuals who know find out how to produce good PowerPoints,” David Bell, CEO of GrandCare Well being Providers, informed HHCN. “Jarrett and most of the individuals on his staff are additionally consultants in house well being, so this isn't one thing you would have gotten from ChatGPT, it's actually targeted available on the market.”

Bell believes one of many key gaps available in the market has been the power of main gamers to pour hundreds of thousands of {dollars} into backing from high-level funding banks, in comparison with smaller firms.

“The place there’s a hole is for firms which can be within the mid to smaller finish of the spectrum,” he mentioned. “The providers accessible to assist such individuals market a enterprise are primarily brokers. They present as much as calls and sure, they provide you a bit of bit of recommendation, however on the finish of the day they're actually simply placing you in entrance of the consumers, but it surely's your job to cope with the consumers.

Montauk AI goals to assist smaller and medium-sized companies, with smaller budgets, create a stage enjoying discipline.

Moreover, each Dickinson and Bell imagine Bauer's background in house care expertise is an asset to Montauk AI.

“He actually understands what life is like, from my perspective I feel I actually respect that,” Bell mentioned. “There are particular regulatory points, or particular possession change necessities, or particular licensing necessities that he deeply understands. So we're not stunned by this stuff on the eleventh hour once we're speaking to potential consumers. We’re on the forefront of those issues.”

Finally, Bauer has a transparent reference level for what he hopes to attain with Montauk AI.

“Simply as Uber can democratize the ride-sharing business, we're making an attempt to say the identical factor,” he mentioned.