Home care M & A specialists knew it Domino trading will begin to fall in 2021, Driven by a recent agreement between Senior Helper and Advocate Aurora Enterprises. But they didn’t know how fast the chain reaction was.
On Thursday, HH Franchising Systems Inc., a Cincinnati-based company that operates Home Helpers HomeCare, announced that it had been acquired by Chicago-based private equity fund River Glade Capital. The financial terms of the transaction have not been disclosed.
Founded in 1997, Home Helpers operates in over 1,000 communities across the United States. The home care franchisor, led by President and CEO Emma Dickison, operates more than 320 franchise regions in 41 states.
In a statement, RiverGlade’s managing partner, Danny Rosenberg, said, “With good performance and talented leadership teams and staff in the home healthcare market, Home Helpers Home Care has the opportunity for our investment to continue to drive growth. I found it. ” “We recognize the great company founded at Home Helpers Home Care and look forward to working with Emma and the team.”
Home Helpers was previously owned by Cleveland-based PE company Linsalata Capital Partners, which acquired the home care business in 2016. Meanwhile, Home Helpers grew by about 15% year-on-year. Driven by investment Technology, adoption More..
After the acquisition of RiverGlade Capital, the HH franchise will maintain its current leadership team, domestic support staff and franchise system. The company will maintain its Cincinnati headquarters as well.
At the end, RiverGlade Capital is a private equity fund focused on healthcare services with differentiated investment treatises.
Home helpers, along with other current portfolio companies, including care management solutions company Longhorn Health Solutions and Dynamic Infusion Therapy, will be the company’s only active home care investment. Past investments include the Foundations Recovery Network, a behavioral healthcare provider, and Adeptus Health, an emergency room network.
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Healthcare-focused PE company River Glade Capital Acquires Home Helper
Source link Healthcare-focused PE company River Glade Capital Acquires Home Helper