VersiCare Group Acquires CHS Group LLC

VersiCare Group (Seven Hills Capital) Acquires Open Doors

July 25, 2023

Healthcare Services

VersiCare Group, a Partner Company of Seven Hills Capital, has acquired Open Doors, a Louisville-based provider of residential care and Family Home Provider (FHP) services for individuals with intellectual and developmental disabilities under Kentucky’s Supports for Community Living (SCL) Medicaid waiver. The deal expands VersiCare’s footprint in Kentucky (its fourth acquisition in the state) and increases the company’s capacity in home- and community-based I/DD services.

TELEO Capital Acquires CHCS Services from Capgemini America

March 23, 2022

Healthcare Services

TELEO Capital Management, a lower middle market private equity firm, acquired CHCS Services, Inc. (a technology-enabled third-party administrator for senior health and eldercare markets) from Capgemini America, Inc. TELEO said it will invest in a digital transformation and data science capabilities to expand CHCS's offerings across long-term care and Medicare Supplement plans and support growth.

The Vistria Group Acquires Beacon Specialized Living Services

March 28, 2022

Healthcare Services

The Vistria Group has acquired Beacon Specialized Living Services, a Kalamazoo-based provider of residential and support services for adults and children with severe mental illness and intellectual and developmental disabilities. The investment will provide capital to reinvest in care, fund innovation in Beacon's behavioral health model, and support geographic growth across several Midwest and East Coast states.

Charter Health Care Group (Pharos Capital) Acquires Generations Hospice Care

August 11, 2021

Healthcare Services

Pharos Capital-backed Charter Health Care Group has acquired Generations Hospice Care, Inc., a hospice provider in San Antonio, Texas. The add-on expands Charter's post-acute footprint in Texas and strengthens its hospice and palliative care capabilities; financial terms were not disclosed.

Consolidated Hospitality Supplies Holdings (CHS) Acquires Assets of American Hotel Register Company

August 3, 2021

Logistics & Distribution

Consolidated Hospitality Supplies Holdings (CHS), a platform backed by HCI Equity Partners, acquired the inventory and select North American operating assets of American Hotel Register Company — including the Registry brand. The deal combines CHS's Amtex business with American Hotel assets to create a larger hospitality supplies platform, expanding product range, national fulfillment capability and market share; financial terms were not disclosed.

Kelvin Group / Southfield Capital's ARC Mechanical Acquires Cooling & Heating Specialists

August 9, 2023

HVAC & Mechanical

Kelvin Group, in partnership with private equity sponsor Southfield Capital, has acquired Cooling & Heating Specialists, Inc. (CHS), a regional commercial HVAC services provider headquartered in Newton, Massachusetts. CHS will be integrated into Kelvin's ARC Mechanical platform to expand commercial and industrial HVAC installation and service capabilities across New England; Deerpath Capital Management provided debt financing.