LLCP's Caring Brands International acquires Interim Healthcare
Caring Brands International (CBI), a portfolio company of Levine Leichtman Capital Partners (LLCP), has completed the acquisition of its Interim HealthCare home health and hospice franchises in San Diego.
The addition of the San Diego Franchise expands CBI's branch footprint and marks the first acquisition within the Interim HealthCare network domestically.
Founded in 1966, CBI is the largest franchisor of home healthcare services globally and produces approximately USD1.1 billion of annual systemwide sales across over 550 global locations. CBI offers franchises under three brands: Interim HealthCare (United States), Bluebird Care (United Kingdom and Republic of Ireland) and Just Better Care (Australia). CBI's branches and franchisees offer individuals a full continuum of care at home including skilled nursing, assistance with daily living activities and end-of-life hospice care.
Jennifer Sheets, CEO and President of CBI, says: "We are delighted to add the exceptional operations of the San Diego Franchises to our branch portfolio and look forward to driving the highest level of quality and satisfaction for our patients."
Matthew Frankel, Managing Partner of LLCP, says: "The three recent acquisitions demonstrate our continued support of the CBI investment and reflects the Company's significant growth potential. We remain focused on building value for the benefit of CBI's franchise owners, patients, employees and investors."
CBI is a portfolio company of Levine Leichtman Capital Partners Fund V, LP.