Great Point Partners Completes Growth Recapitalization of Family Resource Home Care

GREENWICH, Conn., and SPOKANE, Wash., Sept. 8, 2020 /PRNewswire-PRWeb/ — Nice Level Companions (“GPP”) at present introduced a development recapitalization of Liberty Lake, Washington-based Household Useful resource Residence Care (“FRHC”), a number one supplier of residence care providers, working 9 subject workplaces all through Washington and Idaho. The Firm’s places present a wide selection of personal obligation residence care providers to 1000’s of shoppers every year. Household Useful resource Residence Care drives high quality and scientific standardization throughout its places by its client-centric and data-driven operations. The Firm’s concentrate on scientific excellence permit for best-in-class caregiver retention, fast turnaround occasions, and a high-touch expertise for shoppers and households which have trusted FRHC since its inception in 1966.

“We first met Nice Level in 2018 and we have been instantly impressed with their deep information of our market and well being care experience. Nice Level’s distinctive insights into the house care market together with their experience executing acquisitive development methods in well being care providers helped differentiate GPP from its friends,” stated Jeff Wiberg, CEO of Household Useful resource Residence Care. “By this partnership we will obtain our aim of increasing our providers to extra shopper populations, whereas sustaining the very best stage of care.”

“We’re thrilled to associate with Jeff and the FRHC workforce to assist the Firm speed up its development and proceed to determine itself as one of many Nation’s largest impartial suppliers of non-medical residence care,” stated Rohan Saikia, Managing Director at Nice Level Companions.

“Given the fragmented panorama and business tailwinds, Nice Level recognized the private-pay residence care business as a major development alternative. FRHC has a profitable observe report as a consolidator within the sector and we’re excited to assist the Firm proceed its enlargement technique,” added Alex Gulotta, Vice President at Nice Level Companions.

About Nice Level Companions

Nice Level Companions, based in 2003 and based mostly in Greenwich, CT, is a number one well being care funding agency with roughly $2.zero billion of fairness capital presently below administration and 30 professionals, investing in america, Canada, and Western Europe. GPP is presently making new non-public fairness investments from GPP III, which has $307 million of dedicated capital. Nice Level manages capital in non-public (GPP I, $156 million and GPP II, $215 million of dedicated capital, and GPP III) and public fairness funds (BMVF, roughly $1.5 billion). Nice Level Companions has supplied development fairness, development recapitalization, and administration buyout financing to greater than 100 rising well being care corporations. The non-public fairness funds make investments throughout all sectors of the well being care business with explicit emphasis on biopharmaceutical providers and provides, pharmaceutical infrastructure, medical gadget, info expertise enabled companies and alternate website care. The agency pursues a proactive and proprietary method to sourcing investments and tuck-in acquisitions for its portfolio corporations. Attain Nice Level at 203-971-3300 or http://www.gppfunds.com.

About Household Useful resource Residence Care

Household Useful resource Residence Care is the biggest impartial supplier of residence care providers based mostly within the Pacific Northwest and one of many largest in america. The Firm supplies residence care providers that embody however usually are not restricted to private care akin to bathing, dressing and assist with drugs, meal planning and preparation, mild housekeeping, and companion care. The Firm additionally supplies look after shoppers dealing with dementia and Alzheimer’s Illness in addition to end-of-life, transitional and respite care. Household Useful resource Residence Care is targeted on empowering shoppers to proceed dwelling at residence by offering them with residence care providers that deal with their distinctive challenges. The Firm is headquartered in Liberty Lake, WA, and has subject workplaces in Arlington, Bellevue, Kennewick, Liberty Lake, Seattle, Spokane and Tacoma in Washington State, and Boise and Moscow, Idaho. Extra info on the Firm and its providers might be seen on-line at http://www.familyresourcehomecare.com.