PE-Backed Avid Health at Home Acquires 2 Home Care Providers
Havencrest Capital Management, a Dallas-based healthcare private equity firm, has announced its sixth and seventh acquisitions under its Avid Health at Home platform: Home Care Angels (HCA) and Private Duty Home Healthcare (PDHH). HCA is a leading provider of at-home personal care services in Illinois. The company is based in Des Plaines, Illinois. PDHH is a Michigan-based provider of personal care services and private duty nursing. Avid Health at Home is a multi-state home care provider serving individuals of all ages who are frail, disabled and in need of assistance. Avid Health at Home was formed by Havencrest Capital Management through its acquisition of For Papa’s Sake Home Care in... Read More »
LiveWell Partners Acquires Empower Home Health Services
LiveWell Partners announced that it has finalized its acquisition of Empower Home Health Services. The acquisition allows LiveWell to enter the Chicago area, a new market for the company. Financial terms of the deal were not disclosed. Founded in 2005, Empower Home Health Services is a privately owned home health company that operates in nine counties in the Chicago MSA. The company is headquartered in West Dundee, Illinois. LiveWell Partners is a home health and hospice provider headquartered in St. Louis, Missouri. The company currently operates in Illinois, Kansas, Michigan, Missouri and Ohio. “We are thrilled to welcome our new teammates in the Chicago area to the LiveWell family,”... Read More »
Five Good Friends Secures TPG as Strategic Growth Investor
Five Good Friends has announced a strategic investment from global alternative asset management firm TPG to fund its continued growth in the home care sector. Under the terms of the agreement, TPG will acquire a majority interest in Five Good Friends alongside co-founders Simon Lockyer and Nathan Betteridge, who will retain significant interests in Five Good Friends and continue in their leadership roles. Global investment organization EQT will retain a minority stake. Financial terms of the deal were not disclosed. Founded in 2016, Five Good Friends is a technology-enabled data driven home care provider providing services to older Australians and people living with a disability. Five Good... Read More »
Deal of the Week: Aveanna Healthcare Holdings Buys Pediatric Home Care Provider
Aveanna Healthcare kicked off April with a new acquisition announcement. The Atlanta, Georgia-based company announced on April 3 that it entered into an agreement to acquire Thrive Skilled Pediatric Care (Thrive SPC) in Wakefield, Massachusetts. Thrive SPC provides clinical home care to medically fragile children. Thrive SPC operates 23 locations across Arizona, Georgia, Kansas, New Mexico, North Carolina, Virginia and Texas, primarily offering private duty nursing services along with pediatric therapy, licensed health aide services and certified nurse assistant services. Aveanna Healthcare, a portfolio company of Bain Capital and J.H. Whitney Capital Partners, is one of the largest... Read More »
Active Day Acquires Home Care Providers in South Carolina
Active Day announced that it has acquired two home care services providers in South Carolina. The company has acquired AllCaregivers, Inc. and New Generations Home Care of Florence, Inc. AllCaregivers has been providing home care throughout South Carolina since 1986. Its community-based caregivers specialize in providing families with many types of affordable assistance, including activities of daily living and skilled nursing. New Generations Home Care of Florence, Inc. is a home care provider in the Florence, South Carolina area. The company was founded in 2020. Active Day (fka Active Day/Senior Care Centers of America), a portfolio company of Audax Private Equity since 2015, provides... Read More »Schedule a demo
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