AbsoluteCare Raises $135 Million from Kinderhook, CVS Health Ventures, Pacific Life and Lexington Partners

Kinderhook Industries Acquires Kaizen Auto Care

April 1, 2024

Automotive

Kinderhook Industries, in partnership with founder Jacob Tilzer and investor LNC Partners, has acquired Kaizen Auto Care, a Scottsdale-based regional collision repair chain with 48 locations across the western U.S. Kaizen will be led by incoming CEO Vince Brock as Kinderhook looks to scale the business as part of its automotive / light manufacturing platform investments; financial terms were not disclosed.

CVS Health Leads $25M Growth Round in Array Behavioral Care

June 1, 2023

Healthcare Services

Array Behavioral Care closed a $25 million equity financing round led by CVS Health, with participation from existing investors including Wells Fargo Strategic Capital, Health Velocity Capital, Harbour Point Capital, HLM Venture Partners, OCA Ventures, and OSF HealthCare. The capital will be used to scale Array’s virtual psychiatry and therapy services, enhance technology and operations, and expand access through deeper collaboration with CVS Health.

Kinderhook Leads $500M Investment in Physician Partners (Better Health Group)

February 1, 2022

Healthcare Services

Kinderhook Industries led a $500 million investment in Physician Partners, LLC (rebranded as Better Health Group) to back CEO Mike Polen and management. The capital will support the company's growth as a value-based primary care physician group and managed services organization serving over 137,000 members through a network of 545+ physicians, primarily in Florida.

Amazing Care (3 Rivers Capital Portfolio) Acquires Ivy Lane Pediatrics

January 21, 2021

Healthcare Services

Amazing Care Home Health Services, a portfolio company of 3 Rivers Capital, has acquired Ivy Lane Pediatrics, a pediatric home healthcare provider headquartered in Ogden, Utah. The add-on expands Amazing Care’s pediatric private-duty nursing footprint beyond the Denver area and, together with prior deals, positions the combined company as one of the larger pediatric nursing providers in the U.S.

Kinderhook Industries Invests $105M in AbsoluteCARE

January 7, 2021

Healthcare Services

Kinderhook Industries made a $105 million investment in AbsoluteCARE to establish the firm as its 16th healthcare services platform. AbsoluteCARE is a value-based, risk-bearing primary care provider serving high-acuity Medicaid and Medicare populations and will leverage Kinderhook's resources to expand its care model and geographic footprint.

Kinderhook Recapitalizes Long's Drugs and PharMedQuest to Create Avita Care Solutions

December 4, 2019

Healthcare Services

Kinderhook Industries completed a majority recapitalization of Long's Drugs, Inc. and PharMedQuest Pharmacy Services, combining the two on‑site and central‑fill pharmacy services providers into a single platform to serve Covered Entities (FQHCs, Ryan White clinics, STD clinics and other underserved providers). The transaction creates scale under the Avita/combined platform and is intended to accelerate growth and share best operating practices across the combined business; financial terms were not disclosed.