Team Select, a provider of post-acute healthcare services in a home-based setting, has secured an undisclosed amount of funding. The investor was Tenex Capital Management. Dinan Capital Advisors was financial adviser to Team Select.
PHOENIX, Oct. 5, 2017 /PRNewswire/ — Team Select Home Care (“Team Select”) is pleased to announce an investment from Tenex Capital Management (“Tenex”), a private investment firm.
Team Select is a provider of post-acute healthcare services in a home-based setting to patients across the southwestern and central United States. Team Select operates four complementary service models: Medicare home health, pediatric long-term care, mobile outpatient therapy, and certified nursing assistant training. The company holds a 5 out of 5 Star
CMS Quality of Patient Care Ranking, putting the company in the top 3 percent of agencies nationwide.
“We look forward to partnering with Team Select management to leverage the leading position they have established in the market and to re-invest into optimizing their operational platform,” commented Tenex Managing Director Varun Bedi.
Team Select CEO Mike Lovell said, “We are excited to work with the Tenex team to continue to enhance our robust data analytics, technology, and customer-centric approach to providing best in class healthcare solutions. In addition to planned de novo locations, we will also seek to rapidly expand our presence through new acquisitions.”
Team Select currently operates seven branches across Arizona, Colorado, Missouri, and Oklahoma. Mike Lovell, Fred Johnson, and Nancy Gillette will continue in their current leadership roles.
The transaction was effective as of Oct. 2, 2017.
Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, manufacturing, and health and business services. For additional information, please visit www.tenexcm.com.
About Team Select
Dedicated to improving the lives of patients through increased health and mobility, Team Select Home Care maintains offices in Arizona, Colorado, Missouri, and Oklahoma that provide home health care and other services to their local communities. The company was established in 2008 with the goal of bringing together the most experienced and ethical home health professionals in the industry. For additional information, please visit www.teamselecthh.com.