Buyer: Five Points Healthcare
Seller: Millenium Home Health Care
Sector: Home Healthcare, Home Health
Five Points Healthcare announced that it has merged with Millenium Home Health Care effective January 1, 2018. Millenium is a Medicare-certified home health provider based in Broomall, PA with additional locations in West Pittston, PA and Milford, DE. Millenium serves the greater Philadelphia market, northeast Pennsylvania and the state of Delaware.
The combined company will operate under Five Points Healthcare, LLC. Anthony Angelo, President and CEO of Millenium, will assume the role of President, Millenium Home Health and Rob Radics will remain the CEO of Five Points Healthcare.
Commenting on the transaction, Rob Radics stated, “We are extremely excited about the opportunity to work with Millenium and expand our services into Pennsylvania and Delaware. Millenium is a high-quality home health provider focused on delivering best in class patient care and is led by a very experienced and accomplished team. Anthony has done an outstanding job leading Millenium over the past eight years and I look forward to working alongside him as we build the premier home health and hospice company in the country.”
Tom Greer, Partner with Fulcrum Equity Partners, added, “This strategic merger expands the Five Points platform into the mid-Atlantic region and complements our existing southeastern presence. Rob and his team have also added additional management talent with this merger that will position the Company for significant future growth.”
Anthony Angelo further added, “Millenium Home Health is excited and proud to be a part of the Five Points family of providers. This is a great opportunity that will accelerate our clinical excellence and position us to offer even greater value to our patients and trusted partners within our communities.”
About Five Points Healthcare, LLC
Five Points Healthcare is based in Atlanta, Georgia and has home health operations in Alabama, North Carolina, Tennessee and Virginia along with hospice services in Tennessee. Five Points was founded in 2011 by an experienced leadership team with a vision to build a leading regional home health and hospice provider by focusing on its five key stakeholders – patients, employees, physicians, providers and communities. For more information about Five Points please visit www.fivepointshc.com.
About Millenium Home Health Care
For 24 years Millenium Home Health Care has provided Medicare home health services to thousands of patients in Southeastern Pennsylvania, Northeastern Pennsylvania and the entire state of Delaware. The clinical professionals are proud of their caring, compliant and quality home health care. Millenium Home Health Care and its companies have been privileged to achieve the honor of recognition by HomeCare Elite™. Millenium has demonstrated clinical excellence when compared with other providers throughout the nation. They also continue to surpass industry standards for clinical excellence in “Home Health Compare,” as monitored and measured U.S. government. For more information about Millenium please visit www.mhomehealth.com.
About Fulcrum Equity Partners
Fulcrum Equity Partners is an Atlanta-based growth equity firm focused on providing expansion capital to rapidly growing companies. Fulcrum targets companies that are initially looking to raise $5 million – $20 million and will consider $3 million – $4 million initial investments in companies that expect to raise additional capital over time. Fulcrum provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestitures, shareholder liquidity and recapitalization. The partners have over 130 years of relevant experience, including operations, venture capital, mezzanine financing, accounting, law, investment banking and strategy consulting. To learn more, please visit www.fulcrumep.com
What does this transaction mean for the strategic options for your healthcare business? For more information, contact Paragon Ventures at 800-719-1555 or visit us at www.paragonventures.com