LOS ANGELES–(Organization WIRE)–Levine Leichtman Money Partners (“LLCP”), a Los Angeles-based mostly personal equity agency, announced now that it has bought its portfolio enterprise Caring Models International, Inc. (“Caring Models,” “CBI” or the “Company”) to Wellspring Cash (“Wellspring”).
Headquartered in Sunrise, Florida, Caring Brand names is the greatest franchisor of residence healthcare expert services globally and the only franchisor giving the full continuum of treatment at residence, together with qualified nursing, guidance with every day residing functions and end-of-lifetime hospice treatment. The Organization operates underneath 3 makes: Interim Healthcare (U.S.), Bluebird Treatment (U.K. and Eire) and Just Improved Treatment (Australia). The three manufacturers depict over 585 destinations operated by additional than 290 franchise owners and make about $1.3 billion of once-a-year systemwide income.
Matthew Frankel, Handling Husband or wife of LLCP, mentioned, “The Caring Makes administration group, led by Jennifer Sheets, has constructed an remarkable business and the investment decision has been very thriving for LLCP and CBI’s stakeholders. Because investing in 2015, we have concluded quite a few insert-on acquisitions (both of those domestic and abroad), pushed the greater adoption of Caring Brands’ better acuity assistance lines (specially hospice and household well being), and extra a business-owned branch approach to even more accelerate progress. Caring Makes is exceptionally positioned to continue executing on its growth plan and we wish the management group, franchisees and Wellspring further more accomplishment.”
Jennifer Sheets, President and CEO of Caring Manufacturers, commented, “It has been a genuine satisfaction partnering with LLCP, my govt staff and our franchisees to accelerate Caring Brands’ development. LLCP’s incredible expertise in both equally franchising and healthcare manufactured them an priceless partner to our Corporation and we benefited tremendously from their strategic way. LLCP shares our philosophy that supplying franchisees outstanding support is paramount to the accomplishment of any franchisor.”
The sale of Caring Brand names is LLCP’s eighth current thriving exit, following FlexXray, Trinity Consultants, Almost nothing Bundt Cakes, ZorgDomein, Jonathan Engineered Solutions, Futurewhiz and Pacific Useful Cutter.
Lincoln Worldwide served as fiscal advisor, and Kirkland & Ellis LLP served as legal counsel to Caring Brand names in link with the sale.
About Levine Leichtman Cash Partners
Levine Leichtman Funds Partners, LLC is a center-sector private fairness business with a 38-calendar year monitor record of investing throughout a variety of specific sectors, which include franchising, enterprise companies, schooling and engineered merchandise. LLCP utilizes a differentiated Structured Private Fairness expenditure strategy, combining credit card debt and fairness funds investments in portfolio companies. This special framework offers a significantly less dilutive solution for administration groups and entrepreneurs, whilst delivering growth and profits with a significantly reduce risk profile.
LLCP’s worldwide group of devoted expense gurus is led by seven partners who have worked at LLCP for an typical of 22 many years. Given that inception, LLCP has managed about $12.7 billion of institutional money across 15 financial investment funds and has invested in above 90 portfolio companies. LLCP presently manages $9. billion of belongings and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm and The Hague.
About Caring Brand names Global
Caring Manufacturers Global (CBI) is the greatest franchisor of household healthcare services globally with more than 550 places all-around the world. CBI delivers franchises less than 3 makes: Interim Healthcare (United States and Saudi Arabia), Bluebird Care (United Kingdom and Republic of Eire) and Just Superior Care (Australia). CBI’s branches and franchisees give people today and strategic companions a total continuum of care together with skilled nursing, aid with day by day residing activities and conclude-of-daily life hospice care.
About Interim Healthcare Inc.
Started in 1966 and First in Household Treatment ®, Interim Healthcare Inc. is exclusive in combining the commitment of community ownership with the guidance of a countrywide business that develops revolutionary packages and high quality standards. The only significant franchise model in its classification to supply the entire continuum of treatment, the business strives to increase the shipping and delivery of property health care and staffing providers via 330 additionally places servicing the U.S. and Saudi Arabia. Ranked #1 for the 3rd yr in a row by Entrepreneur magazine, franchisees make use of nurses, therapists, aides, companions and other health care specialists who provide 25 million hrs of home treatment company to 200,000 folks every year, meeting a selection of residence overall health, senior treatment, hospice, palliative care, pediatric care and health care staffing desires. For much more details or to locate an Interim Health care workplace, take a look at www.interimhealthcare.com.
About Bluebird Treatment
Bluebird Treatment is the UK’s greatest national unbiased provider of treatment and help at property products and services, demonstrating the highest benchmarks of excellent, professionalism and knowledge with each individual household go to. Bluebird Treatment started off as a modest family business enterprise in 2004 and as a result of franchising the small business product in 2006, the organisation is today a person of the most significant suppliers of homecare, reside-in treatment and aid services throughout the United Kingdom and Republic of Eire.
With more than 200 workplaces, the Bluebird Treatment franchise proprietor network provide more than 20,000 visits to buyers every single day, revolutionising the way significant quality and bespoke treatment is sent not only to older individuals, but also to those with specialist care demands, youngsters and their family members. With a mantra of, “Residence is where by the heart is, let us hold it there”, you can uncover out additional info on the care and help at residence alternatives that are available by Bluebird Treatment by going to: https://www.bluebirdcare.co.uk/ and https://www.bluebirdcare.ie.
About Just Much better Care
Established in 2005, Just Much better Treatment is 1 of Australia’s premier accredited franchised suppliers of in-dwelling house treatment products and services in Australia, providing in-dwelling social and lifestyle assist companies that permit folks to are living independently. Just Better Treatment at present has over 40 independently owned and operated franchise territories masking NSW, Queensland, Victoria, the ACT, Western Australia and the successful franchisor is currently growing its footprint of neighborhood places of work into Tasmania. The Just Far better Care mission is to give significant top quality personalised services “just for you” to these necessitating guidance to dwell independently and thrive personally. To find out much more about Just Greater Care check out justbettercare.com.