Havencrest Expands Avid Health at Home Platform with Two Acquisitions and Welcomes New Executive Operating Partner
Havencrest Capital Management, a Dallas-based healthcare private equity firm, is pleased to announce the sixth and seventh tuck-in acquisitions under its Avid Health at Home platform: Home Care Angels (“HCA”) and Private Duty Home Healthcare (“PDHH”).
These tuck-in acquisitions underscore Havencrest’s continued focus on building a top-tier, technology-enabled home care platform through the integration of high-performing providers known for clinical excellence.
In addition, Havencrest is proud to add a new Executive Operating Partner to its team: Paul E. VerHoeve II, a seasoned veteran who brings over two decades of operational and leadership experience in the post-acute care marketspace, further bolstering Havencrest’s value creation capabilities across its portfolio.
“Paul is a tremendous leader and strategic thinker with a long-standing relationship with our investment team, and we are truly honored to partner with him,” said Christopher W. Kersey, M.D., M.B.A., Founding Managing Partner of Havencrest Capital Management.
Home Care Angels and Private Duty Home Healthcare (Avid Health at Home)
Home Care Angels (“HCA”) and Private Duty Home Healthcare (“PDHH”) represent the sixth and seventh tuck-in acquisitions, respectively, for Havencrest’s premier, technology-enabled home care platform, Avid Health at Home (“Avid”).
Integrated into the Avid network as of January 31, 2025, Home Care Angels expands Avid’s presence within the greater Chicagoland area. Headquartered in Illinois, HCA is a respected provider of private, in-home care services and strengthens Avid’s ability to meet the evolving needs of individuals and families seeking compassionate support at home in this region.
Private Duty Home Healthcare, based in Michigan, is a well-established provider of personal care services and private duty nursing. The addition of PDHH enhances Avid’s operational reach and deepens its capacity to deliver dependable, community-based care solutions throughout key Midwestern markets.
According to Avid CEO Jen Lentz, “Avid continues to distinguish itself through a mission-driven approach and an unwavering focus on delivering exceptional clinical outcomes.”
Read the full press release here.
Executive Operating Partner
Paul E. VerHoeve II previously served as CEO of Mission Healthcare, one of the country’s largest privately held providers of home health, hospice and palliative care, as well as President of Kindred Healthcare (NYSE: KND), one of the country’s largest publicly traded post-acute care systems.
Mr. VerHoeve brings over two decades of leadership experience in healthcare services, with deep expertise in operations, value creation and mergers and acquisitions.
Mr. VerHoeve currently serves on the boards of directors of Affinity, Avid Health at Home, Paradigm Health, PAX Health and UEW. Over the course of his career, he has successfully led both private and public healthcare organizations through periods of transformational growth, operational optimization and strategic transactions.
Havencrest is honored to welcome Mr. VerHoeve to the team, where he will serve as a strategic advisor for the portfolio companies.
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 Centered Mental Health 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, for many of the country’s leading integrated delivery networks, acute care hospitals and other healthcare facilities in all 50 states
Tekton Research is a leading clinical trial site network partnering with global pharmaceutical companies and CROs