NexPhase Capital's Strategic Sale of SYNERGY HomeCare

NexPhase Capital's Strategic Sale of SYNERGY HomeCare

NexPhase Capital, LP ("NexPhase" or "NPC"), a dynamic private equity firm focused on operational strategies and thematic investments, has recently announced the successful sale of SYNERGY HomeCare ("SYNERGY"), a prominent provider of in-home care services. This transaction marks a significant milestone for SYNERGY, which has earned a reputation as an industry leader in delivering quality care to seniors and individuals seeking assistance in their daily lives. The sale is now under the management of Levine Leichtman Capital Partners ("LLCP"), although the financial terms have not been made public.

Established in 1999, SYNERGY HomeCare is dedicated to offering a comprehensive range of services tailored to meet the unique needs of clients. Their offerings include non-medical personal care, companion care, specialized services for various medical conditions, and hospital-to-home care solutions. SYNERGY's mission is to enhance the health, independence, and overall well-being of its clients while ensuring comfort within their homes. The company's franchise-first culture and focus on a hyper-local approach have been essential in driving its impressive growth trajectory, with approximately 550 territories operating across 42 states nationwide.

Charlie Young, the Chief Executive Officer of SYNERGY, expressed gratitude toward NexPhase for their support during a period of unprecedented growth. He stated, "Over the past four years, SYNERGY has achieved remarkable growth, becoming the fastest-growing franchisor in the home care sector regarding territory expansion. With NexPhase's backing, we have successfully broadened our reach and service offerings, and we are eager to build on our accomplishments with LLCP as we move forward." This forward-looking approach highlights SYNERGY's commitment to providing high-quality, personalized care to those in need.

Since partnering with NexPhase in 2018, SYNERGY has allocated substantial resources toward enhancing its operational capabilities, improving its processes, and ensuring excellence in care for clients and their families. This investment has included strategic partnerships with leading service providers and enhancements in the company's operational infrastructure. SYNERGY aims to be the preferred home care provider for franchisees, caregivers, clients, and family members alike, establishing itself as a leader in the industry.

Reflecting on the partnership, Andy Kieffer, Partner and Head of Healthcare at NexPhase, acknowledged the invaluable contributions of SYNERGY's leadership team, including its founder, Peter Tourian. He noted, "We are proud of the collaborative achievements we have accomplished with the SYNERGY team. Through dedicated efforts, we have expanded access to top-notch care and services, and we eagerly anticipate the organization's next chapter of growth and impact in the industry." This statement reinforces the strong foundation on which SYNERGY's future will be built.

In collaboration with various advisors, including Houlihan Lokey and Baird, SYNERGY navigated the complexities of this transition effectively. The ongoing support from legal teams at Honigman LLP and DLA Piper was instrumental in ensuring a smooth process for both SYNERGY and LLCP.

About NexPhase Capital

NexPhase Capital stands out as an operationally focused private equity firm, specializing in investments that empower growth-oriented companies across three primary sectors: healthcare, software, and consumer goods. Combining thematic investments with operational expertise, NexPhase seeks companies at a pivotal juncture in their development, looking for strategic partnerships to propel forward. With a track record of completing over 100 investments, NexPhase brings a rich history of managing substantial funds, totaling approximately $2.6 billion in capital raised and managed.

About SYNERGY HomeCare

As one of the leading franchisors in the senior care industry, SYNERGY HomeCare boasts over 25 years of established brand equity, operating in around 550 territories. The company offers personalized services that cater to the senior population, including non-medical personal care and specialized assistance for individuals facing various health challenges.

Contacts

Media Contacts:
Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Frequently Asked Questions

What does the sale of SYNERGY HomeCare signify?

The sale represents a strategic move by NexPhase Capital, allowing SYNERGY to continue its growth journey under new ownership while maintaining its commitment to quality care.

Who acquired SYNERGY HomeCare?

SYNERGY HomeCare was acquired by Levine Leichtman Capital Partners in a recent transaction.

What services does SYNERGY HomeCare provide?

SYNERGY offers a wide range of in-home care services, including non-medical personal care, companion care, and support for individuals with chronic health conditions.

Since when has SYNERGY operated?

SYNERGY was founded in 1999 and has grown significantly in the home care industry since then.

What is the future outlook for SYNERGY HomeCare?

With new investment and management, SYNERGY is poised to enhance its service offerings and expand its reach in the in-home care sector.

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