Fulcrum Equity Partners has funded the USD3.2 million acquisition of AAA Home Health, Inc by Partners Healthcare Group (PHG).
Founded in 2011, PHG will serve as the platform upon which CEO Rob Radics and his experienced management team will build a home health and hospice company that will provide patients throughout the Southeast with best-in-class care.
"Our partnering with Fulcrum is critical to accelerating the growth of PHG through the aggressive pursuit of additional home health and hospice acquisitions," says Radics. "Fulcrum’s experience in the home health and hospice space is a great fit for PHG, and Fulcrum provides PHG management with the necessary capital and expertise to build the company into a home health and hospice market leader. We are also extremely pleased at the opportunity to work with the professionals of AAA, an organisation that has been committed to delivering the highest quality patient care for over 20 years."
"Rob and his team are highly experienced operators in the home health and hospice industry and have the ideal background to build a first-class company," says Tom Greer, a partner at Fulcrum. "We have full confidence in Rob and his team and know that the acquisition of AAA Home Health provides an attractive platform for building a great organisation."
