Industry News • October 16, 2019
DENVER–(BUSINESS WIRE)–Revelstoke Capital Partners (“Revelstoke”), a Denver-based healthcare services private equity firm, and The Care Team (“TCT” or the “Company”), one of the largest home health and hospice agencies in the Great Lakes region, announced Revelstoke’s investment in TCT to support its growth objectives and continued focus on delivering the highest quality care.
“Over the last four years, The Care Team has grown into a leading regional provider of home health and hospice care, serving patients across Michigan”
The Care Team offers a full spectrum of home care services including nursing services, therapy services and hospice care across central and eastern Michigan. The Company employs top industry professionals including physical therapists, skilled nurses, medical social workers, home health aides, and occupational and speech therapists. TCT’s hospice team provides specialized care that addresses the patient’s physical, emotional, social and spiritual needs while providing reprieve and comfort for patients’ families.
“This investment is the result of a multi-year outbound search in the home health and hospice industry for providers that can offer excellent outcomes for patients in the lowest cost-of-care setting. Our partnership with TCT, a leading home health and hospice agency that is well-positioned for growth and consolidation, achieves this objective,” said Russell Cassella, Managing Partner at Revelstoke.
“TCT’s management team has developed the infrastructure and capabilities needed to provide patients and families with exceptional and cost-efficient care. With consolidation in the industry expected to accelerate, we are seeking other leading agencies to partner with so we can further expand the Company’s reach and capabilities,” added Jonny Miller, Vice President at Revelstoke.
Founder and CEO Jason Laing will continue to serve as CEO and remain a significant shareholder in the Company. “Over the last four years, The Care Team has grown into a leading regional provider of home health and hospice care, serving patients across Michigan,” said Mr. Laing. “Partnering with Revelstoke will provide us with the expertise, capital and guidance needed to expand our presence in Michigan and enable our entry in new markets.”
This article originally appeared in an article in BusinessWire.