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Generation Growth Capital invests in Accurate Home Care

Accurate Home Care has received an undisclosed investment from Generation Growth Capital. Anchor Bank provided the senior financing while Exmarq Capital provided the mezzanine financing. Based in the greater Minneapolis area, AHC is a provider of home health care services.


MILWAUKEE, WI–(Marketwired – Nov 3, 2014) – Generation Growth Capital, Inc. (“GGC”), a private equity firm that invests in lower middle market companies, announced today that it has invested in Accurate Home Care, LLC (“AHC”).

Headquartered in Otsego, Minnesota (greater Minneapolis area), Accurate Home Care provides comprehensive home health care services to patients of all ages and care requirements. AHC adheres to its philosophy of partnering with health care organizations, listening to patients and their families, and committing to employ only the most skilled, compassionate staff. By doing this, AHC strives to be the best fit for clients who require up to round-the-clock, long-term care. AHC has grown to include nine regional offices serving Minnesota, Iowa and Illinois. It provides more than two million service hours to its patients every year. AHC provides a range of Medicaid, Medicare and private pay services such as private duty nursing, personal care assistance, home health aide, and mental health, among other health services.

AHC’s senior management team seamlessly will continue to operate the business following the transaction. Amy Nelson, who founded AHC in 2002, will remain CEO of AHC. Ms. Nelson will retain a significant portion of the ownership. “We went through an extensive search process to find the best partner for Accurate Home Care who would help us continue to grow. We believe Generation Growth Capital will be a great fit for us. I am thrilled to be partnering with them,” she said.

John Reinke, a managing director of Generation Growth Capital, commented, “We are impressed with the business that Amy and her management team have built. AHC has a best-in-class reputation in its served markets. AHC puts its clients first and leads with integrity and customer service, which gives them a competitive advantage in the market.”

Cory Nettles, a managing director of Generation Growth Capital, added, “When you look at taking costs out of the health care industry, home health care is a key component of that. AHC is a leading company in this industry with a strong management team that allows us to capitalize on this trend.”

Senior financing was provided by Anchor Bank. Mezzanine financing was provided by Exmarq Capital Partners. Terms of the transaction were not disclosed.