Flexpoint Ford LLC made an investment in MGA Homecare, a provider of home healthcare, home therapy and other home and community-based services to pediatric patients. No financial terms were disclosed.
SCOTTSDALE, Ariz., March 4, 2020 /PRNewswire/ — MGA Homecare, an established provider of home healthcare, home therapy, as well as other Home and Community-Based Services (HCBS) to pediatric patients throughout Arizona, Colorado and Texas, today announced a partnership with Chicago-based Flexpoint Ford, LLC. W. Bradley “Brad” Bennett was also named as Chief Executive Officer.
Flexpoint Ford, through its affiliated funds, acquired MGA Homecare as a wholly owned subsidiary of MHH Holdings, LLC. Post-acquisition, Flexpoint Ford will continue to support the expansion of MGA Homecare’s compliance program and its Quality Assurance and Performance Improvement Program, as well as the continued growth of MGA Homecare’s services in current and new geographic markets alike.
“Our firm is excited to partner with Brad and MGA Homecare’s experienced leadership team as they continue to expand MGA’s investment in quality, compliance, patient and caregiver experience, and ultimately market reach,” said Perry Ballard, Managing Director at Flexpoint Ford.
Bringing with him a nearly thirty-year track record of building and growing innovative patient and caregiver-centered healthcare services businesses, Bennett will continue MGA’s commitment to patient safety, quality care and compliance. He will also look to expand MGA Homecare’s service offerings and payment models to meet the ever-evolving needs of patients, families, payers and regulators across the home healthcare spectrum.
“I feel truly honored to be joining the MGA Homecare team,” said Bennett. “Our team members’ unwavering commitment to patient safety, measurable quality of care improvements, and regulatory compliance will serve as MGA’s foundation for future growth.”
Most recently, in 2017, Bennett co-founded Upward Health in Providence, R.I., a home-based medical group specializing in primary medical and behavioral care for individuals with complex needs. Upward Health serves patients throughout their communities, diagnosing, treating and prescribing anywhere their patients call home. Bennett will continue to serve on the Board of Directors for Upward Health.
Prior to Upward, Bennett served as the CEO of Maxim Healthcare Services, Inc., headquartered in Columbia, Md., from 2009 to 2016 where his team drove measurable improvements in clinical quality and patient, family and caregiver experience across 41 states and hundreds of HCBS payers/programs. During Bennett’s six-and-a-half-year tenure at Maxim, the company was also recognized on multiple occasions for excellence in compliance and ethics programming by the Health Ethics Trust.
About MGA Homecare
MGA Homecare has more than a decade’s worth of experience providing personalized home healthcare and other Home and Community-Based Services (HCBS) across Arizona, Colorado and Texas. With a focus on patient safety and continuous quality improvement, the MGA Homecare team matches patients and their families with healthcare professionals who have the proper skills, experiences and training to serve a variety of skilled and unskilled healthcare needs in the home and community. Visit MGAhomecare.com to learn more about services offered and current career opportunities.
About Flexpoint Ford
Flexpoint Ford is a private equity investment firm that has raised more than $4.3 billion in capital and specializes in privately negotiated investments in the healthcare and financial services industries. Since the firm’s formation in 2005, Flexpoint Ford has completed investments in more than 30 companies across a broad range of investment sizes, structures and asset classes. Flexpoint Ford is headquartered in Chicago, Illinois. For more information about Flexpoint Ford, please visit www.flexpointford.com.