HCAP Partners announced on Tuesday that it has successfully left his investment in Arosa.
The private equity company helped the in-home care company to expand from a regional provider in four states to 38 locations in 13 states, including a new location in Kansas City to serve Kansas and Missouri residents.
“Arosa supported HCAP in his crucial moment in 2018 and supported the formation of Coast-to-Coast Care Management and Home Care,” Ari Medoff, CEO of Arosa, told Home Health Care News.
Hope Mago, partner at HCAP Partners, said HHCN that Medoff's vision, the senior population to offer a differentiated level of care and create a high -quality work environment for nursing staff that match the HCAP mission.
“We not only focus on the patient results and access to care, but we also focus on creating a high -quality work environment through a frame called Gainful Jobs approach,” he said.
HCAP's “Gainful jobs” focuses on increasing the remuneration, performance and support in the workplace, which helps with increasing employee loyalty as well as customer and employee satisfaction ratings.
HCAP partners based in San Diego offers mezzanine debts and private equity companies for companies with a lower middle market in the United States. The company has invested in over 65 companies since its foundation.
“From the beginning, HCAP and Arosa shared a deep commitment to improving the quality of work in an industry that urgently needed and still needed this focus,” said Medoff. “While Arosa continues to grow and HCAP its mission to increase and hire the capital, promotes a natural turning point and the conclusion of this phase of our partnership.”
Arosa will continue to build up innovative care older adults and increase the quality of work for experts who provide this care, according to Medoff.
“The relationship was excellent,” said Mago. “Our investment thesis followed a natural cycle of about five or six years. After that, we wanted to get out, and everything went as expected. If we have another opportunity to work with ARI and the team, we will surely consider it. Seniors deserve dignified care and we are always looking for opportunities in the senior care sector.”