Levine Leichtman Capital Partners (LLCP) announced that it has partnered with management to acquire Synergy HomeCare from NexPhase Capital, LP. Synergy HomeCare will continue to be run by the existing executive team led by CEO, Charlie Young.
Synergy HomeCare is a provider of in-home care services to individuals of all ages with more than 240 franchises operating in approximately 550 territories across 42 states. The company provides a broad range of non-medical in-home services including personal care, companion care, memory care and specialized care for individuals living with physical or developmental disabilities, chronic health conditions or recovering from illness or surgery. Synergy HomeCare was founded in 1999 and is headquartered in Tempe, Arizona.
LLCP is a Los Angeles-based private investment firm that has managed approximately $15.6 billion of institutional capital across 15 investment funds and has invested in more than 100 portfolio companies. LLCP invests in middle-market companies located in the United States and Europe.
Synergy HomeCare will continue to be run by the existing executive team led by the CEO, Charlie Young. The acquisition marks the eighth platform investment of LLCP Lower Middle Market Fund III, L.P.
Honigman LLP and DLA Piper served as legal counsel to LLCP on the transaction. Debt financing was provided by Apogem Capital. Synergy was advised by Houlihan Lokey and Robert W. Baird & Co. Financial terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the ninth Home Health & Hospice (HH&H) transaction of the year. There were 94 HH&H deals announced during 2024, 100 announced during 2023 and 115 announced during 2022.
