Havencrest Expands Avid Health at Home Through Merger Growth
Havencrest Capital Management, a healthcare private equity firm based in Dallas, has made significant strides in enhancing its at-home personal care services platform, Avid Health at Home. The firm proudly announces the strategic acquisitions of Home Care Angels (HCA) and Private Duty Home Healthcare (PDHH), marking a pivotal expansion in its commitment to home care solutions.
Strategic Acquisitions Strengthen Avid's Position
Home Care Angels stands out as a leading provider of personal care services in the Midwest. Their inclusion into the Avid network serves to amplify Avid's already growing presence in the region. This acquisition enhances Avid's service offerings significantly, broadening access to crucial personal care services that many families depend upon.
Expanding Reach into New Markets
Private Duty Home Healthcare adds further depth to Avid's capabilities, as it operates in Michigan. This marks a monumental step for Avid as they continue their journey to penetrate additional markets within the Midwest, bringing their valued services to more communities.
Commitment to Quality Care
Christopher W. Kersey, M.D., M.B.A., and Founding Managing Partner of Havencrest, shared insights on the rationale behind these acquisitions. He emphasized the rising demand for home care services nationwide and the necessity for organizations like Avid to meet these needs by collaborating with high-quality providers.
Avid’s Vision for the Future
Jen Lentz, CEO of Avid, echoed this sentiment, stating, "Our ongoing expansion is powered by our mission to provide personalized care that allows clients to thrive in their homes." She expressed pride in welcoming the clients and dedicated teams of both HCA and PDHH, aligning them with Avid's core values of excellence and compassion.
About Avid Health at Home
Avid Health at Home is a rapidly growing multi-state provider dedicated to supporting individuals of all ages in need of home care assistance. Their mission centers on affordability and quality, ensuring that clients receive the best possible care while facilitating their independence.
By employing advanced technology, Avid enhances caregiver communications and health outcomes, streamlining services to an ever-evolving client base. As Avid continues to grow in various markets, they prioritize delivering services that empower the elderly and disabled to live safely and comfortably at home.
About Havencrest Capital Management
With over $600 million in assets under management, Havencrest Capital Management celebrates a successful track record in healthcare private equity investments. The firm has a specialized team focusing on founder-owned healthcare companies that demonstrate an EBITDA of $3 million to $15 million, showcasing their commitment to building transformative healthcare services.
Havencrest's collaborative approach brings together a talented team of investment professionals and industry experts to innovate the delivery of healthcare across the country. Their strategic partnerships enable the firm to address the unique needs of the healthcare landscape effectively.
Contact Information
Havencrest continues to encourage potential partners and interested individuals to engage with them. For inquiries, Tom Ruane is available for contact.
Avid Health at Home also welcomes further communication regarding their services and community involvement, led by Jessica Turchan.
Frequently Asked Questions
What recent acquisitions has Havencrest Capital Management announced?
Havencrest announced the acquisition of Home Care Angels and Private Duty Home Healthcare, enhancing their Avid Health at Home platform.
What does Avid Health at Home focus on?
Avid Health at Home offers quality personal care services that empower clients to live safely and independently in their homes.
Where are the recent acquisitions located?
Home Care Angels operates in Illinois, while Private Duty Home Healthcare is based in Michigan, facilitating Avid’s expansion in the Midwest.
Who leads Avid Health at Home?
Jen Lentz serves as the CEO, focusing on providing person-centered care and overseeing growth strategies.
What is the mission of Havencrest Capital Management?
Havencrest aims to partner with founder-owned healthcare companies, investing in transformative healthcare solutions to improve service delivery across the nation.
