Adaptive Health Capital has provided debt financing to Pasadena, California-based GrandCare Health Services, a provider of home healthcare services. No financial terms were disclosed.
PASADENA, CALIF. (PRWEB) JANUARY 29, 2018
GrandCare Health Services, a recognized leader in the provision of home healthcare services in Southern California for over a decade, today announced an additional debt financing deal to support the development of clinical programs to help ensure patients receive high quality care in the comfort of their home. Adaptive Health Capital, a Los Angeles-based healthcare investment fund, spearheaded the financing deal.
“Grandcare stood out to us as a promising company with not only a solid leadership team, but more critically, a clear mission-driven vision built on strong values,” commented Larry Gill, Fund Manager of Adaptive Health Capital. “Many healthcare providers make promises, but GrandCare has a track record for delivering and the team to back up its commitments. Making this investment was a no-brainer.”
GrandCare provides home health services that enable patients to rehabilitate in the comfort of their own residence. The team includes the patient and their family, the physicians, and GrandCare’s clinical teams of nurses, therapists, social workers and home health aides. GrandCare brings the entire team together to develop a plan of care that is customized to the needs of every patient.
“This new round of financing is critical to our continued development and success, and more importantly, continued high quality care for the end user – our patients” said Dr. David Bell, GrandCare’s Chairman and CEO. “We are thankful to work with Adaptive Health Capital not only for their financial support, but also their regulatory and compliance expertise.”
The timing of the deal comes during an opportune time, as 2018 is poised to be a transformative year for healthcare, and debt financing deals such as this allow GrandCare to keep up with the evolving nature of the healthcare industry at large.
About Grandcare Health Services
GrandCare Health Services has been a leader in healthcare services at home in Southern California for over a decade. Their commitment to excellence, significant experience and clinical leadership have enabled them to develop clinical programs to ensure that patients receive the highest quality of care in the comfort of their homes. GrandCare’s services include home health care, palliative care, and caregiving services. Their agencies are licensed by the Department of Public Health of California.
About Adaptive Health Capital
Adaptive Health Capital provides financial and strategic support to healthcare professionals with a focus on opportunities driven by healthcare transformation. Combining both hedge fund and private equity models, they are the first Southern California-based fund focused on healthcare innovation and next generation healthcare.
Adaptive Health Capital’s founders are seasoned entrepreneurs and executives with a track record of leadership at the nexus of healthcare strategy and business challenges. Adaptive Health Capital grew out of the vision of Harry Nelson and Rob Fuller, the co-chairs of the investment committee, who combine over four decades of healthcare industry experience. For Nelson, the founder of a suite of healthcare service organizations that have become a healthcare innovation “clearing house” in Southern California, the Fund extends his vision of problem-solving, connecting innovators and capital, and leading healthcare and life sciences companies down towards strategic growth.