Revelstoke Capital Partners Recapitalizes The Care Team
October 15, 2019
Denver-based private equity firm Revelstoke Capital Partners has completed a recapitalization of The Care Team, a Farmington Hills, Michigan-based home health and hospice provider. The investment will provide capital and strategic support to accelerate TCT's growth, pursue multi-state expansion and participate in industry consolidation while founder Jason Laing remains CEO and a significant shareholder.
- Buyers
- Revelstoke Capital Partners
- Targets
- The Care Team
- Industry
- Healthcare Services
- Location
- Michigan, United States
- Transaction Type
- Recapitalization
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Related Acquisitions
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The Care Team Acquires 1st Care Home Health and Care Hospice
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The Care Team (TCT), a Revelstoke Capital Partners portfolio company, completed the acquisition of 1st Care Home Health and Care Hospice, regional providers based in Carmel, Indiana. The transaction (terms not disclosed) expands TCT's hospice and home health footprint into Indiana; select 1st Care leadership, including founder Hari Nagireddy, will continue in management roles.
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The Care Team (Revelstoke Portfolio) Acquires Crossroads Hospice
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The Care Team (TCT), a hospice and home health platform backed by Revelstoke Capital Partners, acquired Crossroads Hospice, a Houston-based hospice provider. Terms were not disclosed; select Crossroads shareholders will remain in management and advisory roles as TCT expands its presence in Texas.
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The Care Team (Revelstoke-backed) Acquires Select Traditions Health Hospice Operations
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Revelstoke Capital Partners’ portfolio company, The Care Team, has acquired select hospice and palliative care operations of Traditions Health in Illinois, Indiana, Ohio and Virginia. The add-on expands The Care Team’s geographic footprint across the Midwest and Mid-Atlantic and brings Traditions Health staff and capabilities into The Care Team’s multi-state hospice platform.
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Revelstoke-backed The Care Team Acquires InTeliCare Home Health and Hospice
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The Care Team, a Revelstoke Capital Partners portfolio company, has completed the acquisition of InTeliCare Home Health and Hospice. The deal expands The Care Team’s home health and hospice footprint across Michigan’s lower peninsula; InTeliCare founders Irene Tuttle and Todd Josephson will remain in advisory roles.
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Revelstoke Capital Partners Invests in Family Care Center
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Revelstoke Capital Partners, a Denver-based private equity firm, has made an investment in an affiliate of Family Care Center, an outpatient psychiatry provider based in Colorado Springs. The capital will support Family Care Center’s expansion of clinics and services to increase access to mental healthcare for active-duty service members, veterans, and surrounding communities.
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The Care Team (Revelstoke) Acquires Arcadia Hospice of SEPA
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The Care Team, a Revelstoke Capital Partners portfolio company based in Farmington Hills, Michigan, has acquired Arcadia Hospice of SEPA, a hospice provider based in Allentown, Pennsylvania. The add-on acquisition expands The Care Team’s geographic footprint into southeastern Pennsylvania; terms were not disclosed and select Arcadia shareholders will remain in advisory roles.
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