Intrepid Investment Bankers announced on October 3 that it served as exclusive financial advisor to Prime Provider on its acquisition of Right Choice In-Home Care. Intrepid structured and negotiated a financing package from Firmament, a New York-based investment firm, to support this acquisition.
Right Choice In-Home Care serves Canoga Park, California and the surrounding area. Right Choice provides personal care and respite care services to patients with intellectual and developmental disabilities in California.
Prime Providers is a home healthcare platform founded in 2018 by Pine Street, an investment firm led by Jonathan Sassover and Michael Davidov.
The combined company provides essential skilled nursing and non-skilled respite care to pediatric and adult patients in their homes, improving their quality of life while providing significant cost savings versus in-facility care options. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 67th Home Health & Hospice (HH&H) transaction of 2023. This is an approximately 27% decrease from last year, when 92 HH&H deals were announced between January 1, 2022, and October 3, 2022.
