CHARLOTTE, N.C., Oct. 03, 2016 (GLOBE NEWSWIRE) -- Linxx Global Solutions, Inc. (“LGS”), a portfolio company of Mosaic Capital Partners, LLC (“Mosaic”), has acquired Adaptive Geriatrics , a Richmond, VA-based provider of on-site medical care to assisted living facilities.
Adaptive Geriatrics, now operating as Legacy Care, a division of LGS Medical Services Group, provides on-site support and higher quality medical care to thousands of patients at over seventy long-term care facilities. The Company consists of physicians, physician assistants, and nurse practitioners who are dedicated to providing on-site medical care to residents in post-acute rehabilitation, long-term care, assisted living facilities, and retirement communities.
LGS is a leading provider of training, security, information assurance, and program management services in global support of agencies such as the Department of Defense, the National Aeronautics and Space Administration, the Department of State and the Department of Homeland Security. LGS CEO Martin Strong commented on the acquisition saying, “The superb services provided by Legacy Care will be the foundation of our newly formed Medical Services Group,” adding, “The acquisition of Adaptive Geriatrics speaks to our flexible growth strategy, which includes a commitment to acquisitions being accretive.”
Mosaic Managing Partner William Hayes added, “We’re delighted to provide LGS with the resources to grow and expand its service offerings. Legacy Care will be an invaluable addition as we prepare to build out the Medical Services Group and grow the company’s commercial services.”
Adaptive Geriatrics was advised by Light & Raphael . Other funding sources included Salem Investment Partners of Winston-Salem, NC and the founder of LGS.
About Linxx Global Solutions, Inc. Linxx Global Solutions, Inc. (“LGS”) is a leading provider of a wide range of training, security, information assurance, and program management services globally in support of the Department of Defense; National Aeronautics and Space Administration; the Department of State; the intelligence community; the Department of Homeland Security; and other federal, state and local agencies.
About Mosaic Capital Partners, LLC Mosaic Capital Partners, LLC (“Mosaic”) is a private investment firm providing mezzanine debt and equity to privately held lower middle market companies looking to drive value and growth. Based in Charlotte, NC, Mosaic employs traditional private equity buyout strategies while also applying the partners’ unique expertise in Employee Stock Ownership Plans (ESOPs). Mosaic aims to help business owners achieve liquidity, wealth transfer and ownership transition goals by offering capital and strategic guidance.
Contact for Linxx Global Solutions, Inc.: Martin Strong Chief Executive Officer Linxx Global Solutions, Inc. 2900 Sabre Road, Suite 300 Virginia Beach, VA 23452 Email: mstrong@linxxglobal.com www.linxxglobal.com Contact for Mosaic Capital Partners: Shaila Gupta Marketing Associate Mosaic Capital Partners 101 S. Tryon Street, Suite 2620 Charlotte, NC 28280 Email: sgupta@mosaic-cp.com www.mosaic-cp.com
