November 01, 2023

Havencrest Announces One New Platform Investment and Two Tuck-In Acquisitions

Havencrest Capital Management, a Dallas-based, healthcare-focused private equity firm, is pleased to announce its new platform investment in Focus Staff Services as well as two tuck-in acquisitions for its Avid Health at Home platform: Well Care Home Care and Independence-4-Seniors.

“Havencrest is excited to add these market-leading companies to the Havencrest portfolio, and we are honored to be able to partner with these seasoned operators to help build national leaders in their respective markets,” said Christopher W. Kersey, M.D., M.B.A., Havencrest’s Founding Managing Partner.

Focus Staff Services

Dallas-based Focus Staff Services (“Focus”) is a leading provider of temporary workforce solutions in the healthcare marketplace.  Founded in 2009, Focus provides nursing and allied staffing services in all 50 states to many of the country’s leading integrated delivery networks, acute care hospitals and other healthcare facilities.

The company was recognized earlier this year as one of the top five nurse staffing companies in the United States by BluePipes, a professional networking platform dedicated to the healthcare industry.

Founder Kyle Rhodes serves as the CEO of the Focus platform.

Since completing the majority recapitalization of Focus, Havencrest has added two staffing industry stalwarts to the company’s board of advisors: Steven Francis, Founder, Former CEO and Chairman of AMN Healthcare Services (NYSE: AMN), the largest publicly-traded healthcare staffing company in the United States, and Kay Cowling, Former CEO of Fastaff, the 7th largest healthcare staffing company in the United States.

Read the full press release here.

Well Care Home Care (Avid Health at Home)

North Carolina-based Well Care Home Care (“WCHC”) represents the second tuck-in acquisition for Havencrest’s home care platform, Avid Health at Home.

As one of the leading providers of patient-centric home care in North Carolina, WCHC has offices in 5 cities and 23 counties and is led by a team of talented professionals.  A home care divestiture from its parent company Well Care Health, WCHC will serve as Avid’s flagship operation in the North Carolina market as Avid looks to expand further in the Southeastern United States.

Havencrest Operating Partner Jen Lentz is the CEO of the Avid Health at Home platform.

Read the full press release here.

Independence-4-Seniors (Avid Health at Home)

Chicago-based Independence-4-Seniors (“I4S”) represents the third tuck-in acquisition for Havencrest’s home care platform, Avid Health at Home.

As a high-quality provider of personalized home care for older adults in DuPage County and Western Cook County since 2002, I4S will further increase Avid’s footprint in the Chicagoland market as Avid continues to expand throughout the Midwest.

Havencrest Operating Partner Jen Lentz is the CEO of the Avid Health at Home platform.

Read the full press release here.

Current Portfolio Companies Include

Effective School Solutions is a national leader in mental health services to school districts for students with emotional, behavioral and psychiatric problems

The Oncology Institute (TOI) is the largest and only scaled provider of value-based oncology care in the United States

Apara Autism Centers provides evidence-based, data-driven Applied Behavioral Analysis (ABA) therapy services to children with autism

ThermoTek is the leading provider of thermoelectric temperature management solutions to the medical and industrial end markets

Paradigm Health is an Indianapolis-based provider of high-quality, compassionate and patient-focused hospice and palliative care

Deep Eddy Psychotherapy is a behavioral health platform that delivers high-quality mental healthcare for patient across Texas

Avid Health at Home is a post-acute care platform focused on providing access to high-quality, home-based care for individuals of all ages

Focus Staff Services is a leader in temporary workforce solutions, including nursing and allied health staffing, across all 50 states

Tekton Research is a leading clinical trial site network partnering with global pharmaceutical companies and CROs