立石为居家养老服务特许经营特许人Homewatch CareGivers 出售予PNC Riverarch Capital 投资组合中企业Authority Brands 提供咨询

Livingstone’s Healthcare sector team has advised Homewatch International, franchiser of Homewatch CareGivers (HWCG), on its sale to Authority Brands, a portfolio company of PNC Riverarch Capital. Livingstone acted as the exclusive financial adviser to HWCG.

With over 35 years of brand recognition, HWCG is a premier franchiser of in-home senior care services with more than 200 franchise locations across the U.S., Canada, and Latin America. The Company delivers a variety of in-home, person-directed personal and companion care services including elder care, customised care for individuals with developmental and physical conditions, after-surgery care, and prenatal/postnatal care.

Julie R. Smith, Chief Executive Officer of HWCG commented, “This acquisition will take Homewatch CareGivers to the next phase of growth as we endeavour to improve our market share and strengthen our positioning within the continuum of care.” She continued, “Livingstone was the perfect partner to guide and prepare us for sale. Their knowledge of the home care universe coupled with their significant transaction experience in the sector resulted in an outstanding result for all stakeholders.”

Authority Brands and PNC Riverarch Capital will facilitate the Company’s growth and expand its international brand. “This investment in HWCG is based on many factors, including the Company’s personalised care philosophy, the organisational commitment to the people they work with and care for, as well as the foundation for accelerated growth,” said Michael Rost, Managing Director of PNC Riverarch Capital.

Partner Jim Moskal, head of Livingstone’s Healthcare practice, commented, “The robust interest in HWCG from private equity firms demonstrates the attractiveness of the home care franchiser model, including strong demand driven by the ageing U.S. population, a minimal regulatory environment, private pay dynamics eliminating government reimbursement risk, and the highly recurring revenue model resulting in attractive cash flow generation.”

This is the fourth home health and/or home care deal completed by Livingstone in recent months, following Home Helpers, Infinity HomeCare, and Option 1 Healthcare Solutions.