TEAM Services Group – a portfolio company of the “anti-private equity firm” Alpine Investors – has acquired 24 Hour Home Care. The exact details of TEAM’s investment in the Los Angeles-based home care company have not yet been disclosed, but it is a majority investment, according to 24 Hour Home Care President and co-founder Ryan […]
Alpine Investors
The coronavirus has brought the U.S. economy and many of its industries to a screeching halt, so it’s not entirely surprising home health and home care dealmaking is expected to temporarily slow down amid COVID-19. But what will the pandemic mean for private equity firms, who came into 2020 with a record $1.5 trillion in […]
Private equity players are sitting on more dry powder than ever before, entering 2020 with a reported $1.5 trillion in unspent capital. In all likelihood, a portion of this cash will go into the in-home care space. In general, the health care sector has already seen an increase in private equity investment over the past […]
A decade ago, home care was seen as a cottage industry. Today, it’s a multibillion-dollar market made up of thousands of individual businesses, several of which operate from coast to coast and have thousands of caregivers on staff. The home care industry in 2020 will be defined by record-setting private equity activity and providers’ pursuit […]
In the past couple of years, several private equity firms have been making strategic pushes to establish themselves as major players in the in-home care space. That list is headlined by Alpine Investors, which wrapped up its most recent home care investment earlier this month. Founded in 2001, San Francisco-based Alpine Investors is a PE […]
TEAM Services Group acquires AmeriBest Home Care TEAM Services Group, a portfolio company of Alpine Investors, has purchased AmeriBest Home Care from Boyne Capital, a Miami-based private equity firm. The financial terms of the deal were not disclosed. Philadelphia-based AmeriBest is a home agency that provides services that include long-term care, skilled nursing, medical social […]
Out-patient software provider Net Health announced Tuesday it has entered into an agreement to acquire Optima Healthcare Solutions, bringing the company firmly into the home health and hospice segments of the post-acute realm. Terms of the deal — expected to close later in July — were not disclosed. Led by Chairman and CEO Anthony Sanzo, […]
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