Atlanta, GA – February 3, 2016 – Five Points Healthcare announced that it has acquired Native Angels Home Health on February 1, 2016. Native Angels is a Medicare-certified home health company based in Fayetteville, North Carolina. Native Angels has been providing home health services throughout Fayetteville and the surrounding communities since 2007.
Funding for the acquisition was completed through equity financing provided by Fulcrum Equity Partners along with the use of Five Points’ existing credit facility with Square 1 Bank. This marks the sixth acquisition completed by Five Points and Fulcrum and represents Five Points’ first location in North Carolina.
“Native Angels is a quality organization that we have had an interest in for many years. Under its leadership from the Company founders, Bobbie Jacobs Ghaffar and Lesa Jacobs, Native Angels has built a strong home heath platform in a key North Carolina market” said Rob Radics, CEO of Five Points. “Five Points is excited to be able to further expand its Certificate of Need footprint into North Carolina by partnering with a dedicated group of Native Angels’ clinicians and employees”.
Founded in 2011 and based in Atlanta, GA, Five Points Healthcare currently owns and operates home health and hospice locations in Tennessee and Virginia and is in the process of launching a new location through a new Certificate of Need it holds in Alabama. 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 its five key stakeholders – patients, employees, physicians, providers and communities. Five Points is a portfolio company of Fulcrum Equity Partners. For more information about Five Points please visit www.fivepointshc.com.
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 significant operating experience as well as backgrounds in venture capital, mezzanine financing, accounting, law, investment banking and strategy consulting. To learn more, please visit www.fulcrumep.com.