Grant Avenue Capital Backed Valeo Home Health & Hospice Acquires Hearts for Hospice & Home Health from Abode Healthcare
Most recent acquisition of broader home-based care buy and build initiative
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NEW YORK, April 27, 2021 /PRNewswire/ Grant Avenue Capital, LLC, www.GrantAve.com, a healthcare-focused private equity firm, announced today that its portfolio company, Valeo Home Health & Hospice acquired Hearts for Hospice & Home Health, based in in American Fork and Ogden, Utah. Hearts was a division of Abode Healthcare. The acquisition is the most recent in Grant Avenue Capital s broader home-based care buy and build initiative.
Grant Avenue Capital takes majority stake in Valeo Home Health and Hospice pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.
Grant Avenue Capital Acquires Valeo Home Health and Hospice
First step in broader home-based care buy and build initiative
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NEW YORK, Jan. 26, 2021 /PRNewswire/ Grant Avenue Capital, LLC, www.GrantAve.com, a healthcare-focused private equity firm, announced today that it acquired a majority interest in Valeo Home Health and Hospice, based in Salt Lake City, Utah. The acquisition represents the firm s first step in a broader home-based care buy and build initiative.
Founded in 2011, Valeo is a highly regarded provider of patient-focused home health and hospice services. Grant Avenue Capital is acquiring the business from Eduro Healthcare, a leading owner and operator of skilled nursing facilities. Certain individual shareholders of Eduro will continue to have a minority ownership stake in Valeo. Additional information about Valeo is available at www.valeohh.com.
H2 Health Expands Platform
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NEW YORK, Jan. 12, 2021 /PRNewswire/ Grant Avenue Capital, LLC, www.GrantAve.com, a healthcare-focused private equity firm, announced today that its portfolio company, H2 Health, has significantly expanded its clinical reach over the course of 2020 through a combination of increasing the employee base, executing strategic partnerships, and opening de novo locations.
H2 Health Physical Therapy is a national provider of outpatient physical rehabilitation care offering a wide range of services, including physical, occupational, and speech therapies. Over the course of 2020, the business grew its outpatient clinic base by almost 50% to 88 facilities across nine states. Most recently, H2 Health partnered with Greenbrier Valley Physical Therapy in West Virginia. BMO Harris Bank s Sponsor Finance team provided debt financing and BMO Capital Markets Corp. acted as financial advisor to Grant Avenue