Team Select Home Care (TSHC) announced on May 8 a strategic capital investment from Court Square Capital Partners. With Court Square’s partnership, Team Select Home Care will be well positioned to continue adding branches in select markets and serving current patients and communities. The existing sponsor, Tenex Capital Management, will continue to own a minority stake in the business.
Cantor Fitzgerald & Co. served as financial advisor to TSHC. Financial terms of the deal were not disclosed.
Headquartered in Phoenix, Arizona, TSHC operates in 11 states through 39 branches and serves more than 7,000 protected patients. The company provides long term, in-home care in the post acute space for both pediatric and geriatric patients. In 2023, TSHC celebrated the 15th anniversary of its founding.
Court Square Capital Partners is a private equity firm with investments in aerospace and defense, industrial, technology and health care, among other industries. It has $7.4 billion in assets under management.
According to data captured in the LevinPro HC database, this acquisition represents the 36th Home Health & Hospice (HH&H) transaction of 2023. This is a 20% decrease from last year, when 45 HH&H deals were announced between January 1, 2022, and May 8, 2022, and a 16.3% decrease from the same 2021 period when 43 HH&H deals were announced.
