The Havencrest Capital Management acquired as part of its enthusiastic health at the home platform Home Care Angels (HCA) and private Duty Home Healthcare (PDHH).
The investment manager based in Dallas announced the acquisition on Tuesday.
“The continued growth of the enthusiastic platform shows our commitment to the increasing demand for Home Care services across the country,” said Dr. Christopher Kersey, founding company from Havencrest, in a press release. “The enthusiastic team identifies and continues to work with high -quality organizations in its core geographies and continues to work.”
Havencrest Capital Management specializes in private equity funds that concentrate on health care, and the company has more than $ 600 million in managed assets.
HCA is a strategic addition to Avid's expanding network of personal care services in Home in the Chicago region. PDHH, a provider of concern Care Services and private duty nursing, based in St. Joseph, represents Avid's first acquisition in Michigan than the company grows throughout the middle west.
“As we continue to expand, our focus remains on the provision of a person-centered care that enables customers to live safely and independently at home”, Avid CEO Jen Lentz commented: “We are proud to welcome customers and committed employees of HCA and PDHH into the enthusiastic family.”
Avid Health at home serves frail, disabled people and people who are helpful in all age groups in 15 locations in over 100 counties in North Carolina, Illinois and Michigan. This home care platform was set up in 2023 after Havecrest take over Papas Sake Home Care.
In January, Havencrest acquired the home care of Rockingham, in North Carolina, by Avid and marked his fifth transaction under the platform.