Grant Avenue Capital Acquires 21st Century Healthcare

Grant Avenue Capital Acquires QHR Health from Quorum Health Corporation

June 1, 2021

Healthcare Services

Grant Avenue Capital, with co-investors Nashville Capital Network and Brentwood Capital Partners, acquired a majority interest in QHR Health from Quorum Health Corporation. QHR Health — a shared-services provider for independent, critical access and rural hospitals — will operate as an independent, growth-oriented platform focused on technology-enabled shared services, revenue cycle management, supply chain optimization and outsourced IT, with Grant Avenue planning organic investment and add-on acquisitions to expand capabilities.

22nd Century Group Acquires RX Pharmatech Ltd

January 24, 2023

Food & Beverage

22nd Century Group, through its GVB Biopharma business, acquired UK-based RX Pharmatech Ltd, a distributor of cannabinoid/CBD products and holder of numerous U.K. novel food applications. The deal includes $650,000 up-front in cash and stock plus a three-year equity earn-out tied to revenue milestones and aims to strengthen 22nd Century's access and distribution in the U.K. and EU consumer CBD market.

Grant Avenue Capital Acquires PatientCare EMS Solutions

January 7, 2026

Healthcare Services

Grant Avenue Capital, a healthcare-focused middle-market private equity firm, has acquired PatientCare EMS Solutions, a provider of ground-based medical transportation and EMS education. Grant Avenue plans to invest in PatientCare's infrastructure to accelerate organic growth, pursue add-on acquisitions, and expand the company's geographic footprint and partnerships with municipalities, hospitals, and health systems.

Grant Avenue Capital Acquires Performance Home Medical

March 15, 2024

Healthcare Services

Grant Avenue Capital, a healthcare-focused private equity firm, has acquired Performance Home Medical (PHM), a regional provider of home respiratory and sleep therapy services headquartered in Kent, Washington. PHM operates 24 locations across Washington, Oregon and Idaho and plans to use the investment to expand geographically and grow both organically and via selective acquisitions; industry veteran Larry Mastrovich has joined PHM's board as chairman.

Grant Avenue Capital Acquires Valeo Home Health and Hospice

January 26, 2021

Healthcare Services

Grant Avenue Capital acquired a majority interest in Valeo Home Health and Hospice, a Salt Lake City–based provider of home health and hospice services, from Eduro Healthcare. The transaction launches Grant Avenue Capital's home-based care buy-and-build initiative, with certain individual shareholders of Eduro retaining a minority stake in Valeo.

Gemini Investors Recapitalizes Twenty First Century Health Care Consultants and Invests in The Bear Group

September 20, 2022

Professional Services

Gemini Investors completed a recapitalization of Twenty First Century Health Care Consultants (and affiliated franchisor Home Care for the 21st Century), and separately completed an investment in Seattle-based digital commerce agency The Bear Group. The transactions establish two new platform investments for Gemini, expanding its portfolio into healthcare consulting and e-commerce web development services.