Havencrest Capital Management, a Dallas-based healthcare private equity firm, announced on October 30 an acquisition under its Avid Health at Home platform: Independence 4 Seniors based in Hinsdale, Illinois.
Independence 4 Seniors is a home care provider in the Chicago MSA. The company has provided personalized home care for older adults in DuPage County and Western Cook County since 2002.
Avid Health at Home is a home care platform providing personal care and private-duty nursing services across seven locations in the Chicagoland area and North Carolina. Avid Health at Home was formed by private equity firm Havencrest Capital Management through its acquisition of For Papa’s Sake Home Care in August 2023.
This transaction represents Avid’s second acquisition in the Chicago market as Avid expands its presence in the Midwest. This also marks Avid’s third transaction in the last six months. At the start of October, Avid also acquired Well Care Health‘s personal home care division for an undisclosed price.
According to data captured in the LevinPro HC database, this acquisition represents the 75th Home Health & Hospice (HH&H) transaction of 2023. This is an approximately 21% decrease from last year, when 95 HH&H deals were announced between January 1, 2022, and October 30, 2022. Financial terms of the deal were not disclosed.
