Atlanta-based Fulcrum Equity Partners has funded the $3.2 million acquisition of AAA Home Health by Partners Healthcare Group (PHG). Partners Healthcare Group (PHG) is a platform entity to acquire home health and hospice agencies throughout the southeast as well as open offices throughout existing service areas. AAA Home Health is PHG’s first acquisition.
Fulcrum Equity Partners (“Fulcrum”) announced today that it has funded the $3.2 million acquisition of AAA Home Health, Inc. (“AAA”) by Partners Healthcare Group, LLC (“PHG”). Founded in 2011, PHG will serve as the platform upon which CEO Rob Radics and his experienced management team will build a home health and hospice company that will provide patients throughout the Southeast with best-in-class care.
“Our partnering with Fulcrum is critical to accelerating the growth of PHG through the aggressive pursuit of additional home health and hospice acquisitions,” said Rob Radics. “Fulcrum’s experience in the home health and hospice space is a great fit for PHG, and Fulcrum provides PHG management with the necessary capital and expertise to build the company into a home health and hospice market leader. We are also extremely pleased at the opportunity to work with the professionals of AAA, an organization that has been committed to delivering the highest quality patient care for over 20 years.”
“Rob and his team are highly experienced operators in the home health and hospice industry and have the ideal background to build a first-class company,” said Tom Greer, a partner at Fulcrum. “We have full confidence in Rob and his team and know that the acquisition of AAA Home Health provides an attractive platform for building a great organization.”
About Partners Healthcare Group
Partners Healthcare Group, LLC is a platform entity to acquire home health and hospice agencies throughout the southeast as well as open de novo offices throughout existing service areas. AAA Home Health, a home health and hospice company based in New Iberia, LA, is PHG’s first acquisition. PHG will be headquartered in Atlanta, GA.
About Fulcrum Equity Partners
Fulcrum Equity Partners, based in Atlanta, GA, manages over $100 million and is actively seeking opportunities to invest in rapidly growing companies. Fulcrum initially invests $1-$5 million with the ability to invest up to $10 million. We will consider investments in a wide variety of industries with an emphasis on information technology, healthcare and technology enabled operating companies. Fulcrum provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestures, shareholder liquidity and recapitalizations. The partners have over 80 years of relevant experience, including operations, venture capital, mezzanine financing, accounting, law, investment banking and consulting.