Atlanta, GA – June 2, 2014 – Five Points Healthcare announced that it acquired BestCare Home Care on April 30, 2014. BestCare is a home health provider of Medicare-certified, Medicaid-waiver and personal care services throughout northern and western Virginia. For more information about BestCare please visit www.bestcarehomecare.com.
Equity financing for the acquisition was provided by Fulcrum Equity Partners. This marks the third acquisition completed by Five Points and Fulcrum and serves as the company’s initial entry into the state of Virginia.
“We are extremely excited about the opportunity to work with the professionals of BestCare and to expand our services into Virginia” said Rob Radics, CEO of Five Points. “We will look to build upon the strong foundation of quality patient care and excellent customer service established by BestCare and continue the company’s growth throughout northern Virginia.”
“We are excited to partner again with the Five Points management team in expanding the Company’s footprint into Virginia” said Fulcrum partner Tom Greer. “This acquisition has a lot of growth potential in the state of Virginia and we will continue to work with Rob and his team in identifying additional high quality acquisitions”.
About Five Points Healthcare, LLC
Founded in 2011 and based in Atlanta, GA, Five Points Healthcare currently owns and operates home health and hospice locations in Louisiana and Virginia. Five Points Healthcare was founded with a vision to become the premier provider of home health and hospice services throughout the southeast by focusing on patients, employees, physicians, providers and communities. For more information about Five Points please visit www.fivepointshc.com.
About Fulcrum Equity Partners
Fulcrum Equity Partners, based in Atlanta, GA, manages over $140 million and is actively seeking opportunities to invest in rapidly growing companies. Fulcrum initially invests $1 million – $10 million and will consider investments in a wide variety of industries with an emphasis on information technology, healthcare and technology enabled operating companies. Fulcrum provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestures, shareholder liquidity and recapitalizations. The partners have over 110 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.