Atlanta-based Five Points Healthcare has expanded its services into Tennessee after acquiring Willowbrook Health Systems a Medicare-certified home health and hospice provider operating throughout middle Tennessee.
Fulcrum Equity Partners, a growth equity fund also based in Atlanta, provided equity financing for the acquisition, which marks the fourth acquisition completed by Five Points and Fulcrum.
The latest deal follows Five Points Healthcare’s acquisition of Virginia-based BestCare Home Care, which expanded Five Points Healthcare’s reach into northern and western parts of Virginia.
“We’re extremely excited about the opportunity to work with the team at Willowbrook and expand our services into Tennessee,” said Rob Radics, CEO of Five Points Healthcare, in a written statement. “Willowbrook has an outstanding reputation in the community and a culture that aligns with ours. We will look to build upon its strong foundation of quality patient care and excellent customer service and expand within the company’s existing certificate of need footprint.”
The acquisition has “tremendous growth potential” in the state, said Fulcrum Partner Tom Greer.
Written by Cassandra Dowell