Boyne Capital Partners has partnered with management to acquire AmeriBest Home Care, a homecare company serving the senior and disabled communities throughout Pennsylvania.
Omar Khanataev, CEO, will continue to lead the Company’s daily operations. The AmeriBest transaction represents the most recent platform investment in BCM Fund I. Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than USD100 million and with EBITDA of USD2 million to USD10 million.
According to the Boyne Managing Partner, Derek McDowell: “We are very pleased to partner with Omar Khanataev and the team at AmeriBest to support their continued growth. Our investment in AmeriBest follows our thesis that healthcare delivery will continue to migrate to a home setting. With continued financial pressures at the federal, state, and local levels, we see long-term value in organizations, like AmeriBest, that partner with managed-care systems and local agencies to ensure low-cost, quality care to the communities they serve.”
Based in Philadelphia, AmeriBest is a Medicare-certified home health agency and leading provider of personal care services in Pennsylvania. The Company primarily focuses on Home and Community Based Service (HCBS) Waiver programs which allow disabled and elderly patients to remain in their homes and avoid higher cost institutional facilities.
