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New backing will support strategic plan, growth
Franklin-based American Health Partners has been bought by a Michigan private equity firm led by active health care investor Mark Mitchell.
Terms of the transaction between American Health Partners and Mitchell Family Office were not disclosed. American Health Partners runs seven divisions across nine states that provide a continuum of health care services for adults and seniors, including senior living and rehabilitation, geriatric inpatient acute psychiatric care, pharmacy services and home health and hospice care.
Mitchell is affiliated with multiple health care ventures, including Michigan-based Lorient Capital Management, a fund that focuses on middle-market investments, and U.S. Medical Management, an in-home health management company. In 2019, Mitchell sold his stake in U.S. Medical Management to insurer Centene for $325 million.