NexPhase Capital, LP (“NexPhase”), a private equity firm, has successfully completed the acquisition of SYNERGY HomeCare (“the Company”), a leading franchisor specializing in in-home senior care services. The acquisition, finalized on April 2, 2018, marks a significant step for SYNERGY HomeCare as it aims to broaden its reach and enhance its service offerings across the nation. Barbara B. Hill, a NexPhase Operating Partner with extensive experience in the healthcare sector, has been appointed as Chairperson of the Board for SYNERGY HomeCare, signaling a strong commitment to strategic growth and operational excellence.
This acquisition occurs at a pivotal moment for the in-home senior care industry. As the population ages, the demand for alternatives to traditional nursing homes is rapidly increasing. SYNERGY HomeCare stands out as a prominent franchisor in this sector, boasting approximately 140 franchisees who manage over 300 locations nationwide. The company provides a comprehensive suite of non-medical services, including personal care, companion care, and specialized support for individuals with diverse needs, such as those with physical or developmental disabilities, chronic conditions, or those recovering from medical procedures.
Barbara B. Hill, the new Board Chairperson, expressed her enthusiasm for the future of SYNERGY HomeCare. “SYNERGY HomeCare possesses immense growth potential,” she stated. “Our primary focus will be to expand accessibility to the Company’s services throughout the country, ensuring exceptional care for individuals in need within the familiar and comfortable setting of their own homes.”
Hill’s appointment brings substantial industry expertise to SYNERGY HomeCare. Her distinguished 30-year career spans across insurance, managed care, and provider organizations, with leadership roles at prominent companies like Express Scripts, CIGNA Healthcare, Rush Prudential Health Plans, and Aetna Health Plans. Her role as an Operating Partner at NexPhase has involved guiding numerous healthcare organizations in strategy development, organizational enhancement, and operational efficiency.
Peter Tourian, founder and CEO of SYNERGY HomeCare, views NexPhase as an ideal partner for the company’s future trajectory. “NexPhase aligns perfectly with our vision for the continued growth of our business,” Tourian commented. “This partnership, combined with Barbara’s strategic expertise on our board, presents an unparalleled opportunity to extend our care and services to a wider client base.” He believes this transaction will significantly enhance their capacity to deliver quality care to more individuals.
Andy Kieffer, Partner at NexPhase, highlighted the strategic rationale behind the investment. “We are thrilled to invest in SYNERGY HomeCare and contribute to the expansion of its services,” Kieffer stated. “Peter and his team have cultivated an exceptional organization that aligns seamlessly with our healthcare investment strategy, which prioritizes supporting high-growth companies that offer cost-effective and convenient alternatives for the aging population and those requiring care.”
SYNERGY HomeCare represents the latest addition to NexPhase’s growing portfolio of healthcare investments, following closely on the heels of their acquisition of Gulf Coast Pain Institute and the establishment of Clearway Pain Solutions Institute, a national platform for interventional pain management. Livingstone served as the exclusive financial advisor to SYNERGY HomeCare throughout this acquisition process.
About SYNERGY HomeCare
With over 15 years of established brand recognition, SYNERGY HomeCare is a leading franchisor in the in-home senior care sector. Operating with approximately 140 franchisees and over 300 locations across the nation, SYNERGY HomeCare delivers a wide spectrum of services tailored to the senior population. These services encompass non-medical personal care, supportive companionship, and specialized care programs designed for individuals facing physical or developmental disabilities, chronic health challenges, or recuperating from illness or surgical procedures.
About NexPhase Capital
NexPhase Capital is an operationally-focused independent private equity firm that focuses on equity investments ranging from $25 million to $75 million. The firm targets growth-oriented companies in the lower middle market across diverse sectors including consumer, healthcare, industrial services, and software. Formed by the former principals of Moelis Capital Partners (MCP), NexPhase operates independently while maintaining the same operationally-driven investment strategy. This approach centers on acquiring control positions in lower middle market companies and generating value through dedicated operational resources, the development of new sales channels, and strategic partnerships. Co-Managing Partners Kurt Larsen and Ted Yun lead NexPhase, which advises on $1.2 billion of private equity capital and maintains a strategic sub-advising relationship with Moelis Asset Management. For additional information, please visit www.NexPhase.com.
