Atlanta-based Five Points Healthcare has expanded its services into Virginia after acquiring BestCare Home Care, a home health provider of Medicare-certified, Medicaid-waiver and personal care services throughout the northern and western parts of Virginia.
Fulcrum Equity Partners, a growth equity fund also based in Atlanta, provided equity financing for the acquisition, which marks the third acquisition completed by Five Points and Fulcrum.
Five Points Healtchare 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. Five Points now owns and operates home health and hospice locations in Louisiana and Virginia.
“This acquisition has a lot of growth potential in the state of Virginia and we will continue to work with [Five Points CEO Rob Radics] and his team in identifying additional high-quality acquisitions,” Fulcrum partner Tom Greer said in a written release.
Written by Emily Study