Five Points Healthcare, a portfolio company of Fulcrum Equity Partners, has acquired BestCare Home Care. No financial terms were disclosed. BestCare is a home health provider of personal care services in Northern and Western Virginia.
ATLANTA, June 18, 2014 /PRNewswire/ — Five Points Healthcare announced that it acquired BestCare Home Care on April 30, 2014. BestCare is a home health provider of Medicare-certified, Medicaid-waiver and personal care services throughout Northern and Western Virginia. For more information about BestCare, please visit www.bestcarehomecare.com.
Equity financing for the acquisition was provided by Fulcrum Equity Partners. This marks the third acquisition completed by Five Points and Fulcrum and serves as the company’s initial entry into the state of Virginia.
“We’re extremely excited by the opportunity to work with the professionals at BestCare and to expand our services into Virginia,” said Rob Radics, CEO of Five Points. “We will look to build on the strong foundation of quality patient care and excellent customer service established by BestCare and continue the company’s growth throughout Northern Virginia.”
“We are pleased to partner again with the Five Points management team in expanding the company’s footprint into Virginia,” said Fulcrum Partner Tom Greer. “This acquisition has a lot of growth potential in the state of Virginia and we will continue to work with Rob and his team in identifying additional high-quality acquisitions.”
About Fulcrum Equity Partners
Fulcrum Equity Partners is a growth equity fund based in Atlanta with over $140 million under management. Fulcrum invests in a wide variety of industries with an emphasis on information technology, healthcare, business services and technology enabled operating companies. Fulcrum provides initial equity financing of $1-5 million and up to $10 million over the life of the investment to meet a wide range of needs, including internal growth initiatives, acquisitions, management buy-outs, shareholder liquidity and recapitalizations. Additionally, the partners have over 110 years of relevant experience, including operations, venture capital, mezzanine finance, accounting, law, investment banking and strategy consulting. For more information, visit www.fulcrumep.com.
About Five Points Healthcare, LLC
Founded in 2011 and based in Atlanta, Five Points Healthcare currently owns and operates home health and hospice locations in Louisiana and Virginia. Five Points Healthcare was founded with a vision to become the premier provider of home health and hospice services throughout the Southeast by focusing on patients, employees, physicians, providers and communities. For more information about Five Points, please visit www.fivepointshc.com.