Buyer: Tenex Capital Management
Seller: Team Select Home Care
Sector: Home healthcare, homecare
Tenex Capital Management Invests in Team Select Home Care
New York, NY – October 5th, 2017 – Tenex Capital Management (“Tenex”) is pleased to announce an investment in Team Select Home Care (“Team Select”), a provider of post-acute healthcare services in a home-based setting to patients across the southwestern and central United States.
Team Select operates four complementary service models: Medicare home health, pediatric long-term care, mobile outpatient therapy, and certified nursing assistant training. The company holds a 5 out of 5 Star CMS Quality of Patient Care Ranking, putting the company in the top 3% of agencies nationwide.
“We look forward to partnering with Team Select management to leverage the position they have established in the market and to re-invest into further developing their operational capabilities,” commented Tenex Managing Director Varun Bedi.
Team Select CEO Mike Lovell said, “We are excited to work with the Tenex team to continue to enhance our robust data analytics, technology, and customer centric approach to providing best in class healthcare solutions. In addition to planned de novo locations, we will also seek to rapidly expand our presence through new acquisitions.”
Team Select currently operates seven branches across Arizona, Colorado, Missouri, and Oklahoma.
The transaction was effective as of October 2, 2017.