Industry News • April 25, 2019
STAMFORD, Conn. & LOS ANGELES–(BUSINESS WIRE)–Varsity Healthcare Partners, a leading lower middle-market private equity firm focused on healthcare services, announced today the completion of a growth equity investment in Angels of Care, a leading and rapidly growing provider of home health services to pediatric patients with complex medical conditions.
The partnership with Varsity will provide Angels of Care with strategic guidance and capital to support its continued rapid growth, both organically and through acquisitions. The current management team, including Jessica Riggs as CEO, will continue in their leadership roles.
Jessica Riggs said: “I am thrilled to partner with Varsity which will support our mission to provide high-quality compassionate care to the underserved pediatric population with complex medical needs. We were extremely impressed with Varsity’s deep knowledge, expertise, relationships and successful track record in healthcare, specifically with home health providers including pediatrics. Just as importantly, Varsity understood the value of our differentiated approach and organizational culture and shared our fundamental commitment to delivering excellent patient care.”
Terms of the transaction were not disclosed.
This article originally appeared in an article in BusinessWire.