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Comvest makes Senior Helpers investment

Comvest Partners’ direct lending platform, Comvest Credit Partners, is acting as administrative agent on a senior secured credit facility for Senior Helpers, a provider of home care and wellness offerings for seniors.

The financing was used to support private equity firm Waud Capital’s acquisition of Senior Helpers.

Founded in 2002, Senior Helpers operates through more than 380 franchised and corporate-owned locations in 44 US states, Canada and Australia. The company’s services include grocery shopping, medication reminders, transportation, companionship and programmes for chronic diseases such as Alzheimer’s and Parkinson’s.

In a statement, Joe Higginbotham, a Managing Director at Comvest, said: “Senior Helpers marks Comvest Credit Partners’ third successful transaction with Waud Capital, a sponsor with deep investment experience in the home health care space.”

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