Avid Health at Home (Havencrest) Acquires Home Care Angels and Private Duty Home Healthcare

Avid Health at Home (Havencrest) Acquires Sandhills Home Care

December 30, 2024

Healthcare Services

Havencrest Capital Management’s Avid Health at Home platform has acquired Sandhills Home Care, a North Carolina-based provider of at-home personal care services. Sandhills operates across 14 counties with offices in Pembroke, Rockingham and Wilmington; the deal is Avid’s fifth platform acquisition and its second in North Carolina.

Avid Health at Home (Havencrest) Acquires Well Care Home Care

October 18, 2023

Healthcare Services

Havencrest Capital Management’s homecare platform, Avid Health at Home, has acquired Well Care Home Care (WCHC), the home care division of North Carolina-based Well Care Health. WCHC — which operates in five cities and 23 counties — will serve as Avid's flagship in North Carolina as the platform expands further across the southeastern United States.

Avid Health at Home (Havencrest) Acquires Independence 4 Seniors

October 30, 2023

Healthcare Services

Havencrest Capital Management’s Avid Health at Home platform has acquired Independence 4 Seniors (I4S), a Chicago-area non-medical home care provider serving DuPage and Western Cook counties. The tuck-in expands Avid’s footprint and density in the Chicagoland market as the platform continues add-on activity across the Midwest.

Havencrest's Avid Health at Home Acquires Central Illinois Care Services

October 2, 2024

Healthcare Services

Havencrest Capital Management’s home-care platform, Avid Health at Home, completed the tuck-in acquisition of Central Illinois Care Services (CICS), a provider of personalized home care serving Central and Southern Illinois. The deal expands Avid’s footprint in Illinois and across the Midwest; the seller was reported as M&T Group.

Havencrest Forms Avid Health at Home Platform and Acquires For Papa's Sake Home Care

August 31, 2023

Healthcare Services

Dallas-based private equity firm Havencrest Capital Management formed a non-medical home care platform, Avid Health at Home, and completed its first acquisition of Chicago-based For Papa's Sake Home Care (FPS). Havencrest named Operating Partner Jen Lentz CEO of the Avid platform and intends to grow Avid through add-on acquisitions across the Midwest, Mid-Atlantic and Mountain West.

Aveanna Healthcare Acquires Accredited Home Care

December 1, 2021

Healthcare Services

Aveanna Healthcare (NASDAQ: AVAH) completed its acquisition of Accredited Home Care, a large Southern California private-duty home care provider, for a base purchase price of $180 million plus up to $45 million in earnouts. Accredited serves roughly 9,000 patients annually with approximately 6,250 field nurses and caregivers, generated about $114.8 million in trailing twelve-month revenue (ended Aug 31, 2021), and derives ~86% of revenue from Medicaid or state-funded programs.