PRIVEQ Capital invests in senior care provider lntegracare

Canadian private equity firm PRIVEQ Capital Funds has invested in lntegracare Inc, a Toronto-based provider of private nursing care services to individuals in their homes, hospitals, retirement residences and long-term care facilities. The deal’s financial terms were not released. PRIVEQ Partner Lee Grunberg has been appointed the company’s new president and CEO, while Martha Russel and Philip Russel, Integracare’s founders, will continue to participate in the growth of the business. PRIVEQ Managing Partner Brad Ashley said lntegracare is “extremely well poised to further enhance its service offerings and expand geographically.”

PRESS RELEASE

lntegracare has joined the PRIVEQ Capital Funds’ group of companies

(Toronto, ON) August 3, 2016 – lntegracare Inc. (“lntegracare”}, a Canadian-owned company known for its exemplary service and quality care, has provided home and healthcare services in the Greater Toronto area since 1990.

lntegracare founders, Martha S. Russel, RN and Philip A. Russel, ICD.D are proud to announce that lntegracare has joined the PRIVEQ Capital Funds’ group of companies. PRIVEQ Capital Funds, is a leading lower-mid-market Canadian-based manager of private equity funds (“PRIVEQ”).

“lntegracare has an excellent reputation for the wide variety of home healthcare services it provides to its clients” said Brad Ashley, Managing Partner of PRIVEQ Capital Funds. “We are thrilled to be able to assist lntegracare with its continued growth as it is extremely well poised to further enhance its service offerings and expand geographically.”

“We are pleased to be associated with like-minded people who respect the lntegracare philosophy of business and will enhance the lntegracare brand as it moves forward” noted Martha Russel.

Lee Grunberg has been appointed as the new President and CEO, while founders Martha and Philip Russel will remain close to the company as it expands its leading role as a provider of private nursing and related healthcare services in the Greater Toronto Area.

“We are thrilled that PRIVEQ has partnered with lntegracare” noted Lee Grunberg, CEO of lntegracare. “We look forward to PRIVEQ’s assistance as lntegracare grows both organically and through acquisitions.”

lntegracare provides a wide range of private nursing care services to individuals in their homes, hospitals, retirement residences and long-term care facilities. Its services, while encompassing all levels of nursing care, have always included a wide range of related services that address the needs of their clients while maintaining their dignity and confidentiality.

For more information about lntegracare, visit www.lntegracare.on.ca

For more information about PRIVEQ Capital Funds, visit www.priveg.ca

Photo courtesy of Integracare Inc