Halifax Partners With Management to Recapitalize Interim HealthCare, Inc.
WASHINGTON & DALLAS - November 1, 2012 - (BUSINESS WIRE) -The Halifax Group announced today that it has completed, in partnership with management, an investment in Interim HealthCare, Inc. a leading home healthcare franchisor. Terms of the transaction were not disclosed. The current senior executive team will continue to serve in their management roles. Halifax and management provided the equity for the transaction.
Interim, based in Sunrise, FL, is one of the nation's oldest and most comprehensive home health care franchise company. With more than 300 independently owned franchise locations in 43 states, Interim provides skilled home healthcare, home-based hospice care, personal care and independent living support, as well as supplemental healthcare staffing.
“We are pleased to enter into a partnership with Halifax,” commented Interim’s President and CEO, Kathleen Gilmartin. “We have enjoyed consistent growth over the past several years and think Halifax’s financial capabilities and experience in both healthcare and franchising will be invaluable to our business. It was evident from our first meeting that Halifax brought a unique and well-informed set of skills, resources and shared strategy about how to execute our strategic plan.”
Ken Doyle, Managing Director at Halifax said, “Halifax has a tradition of partnering with strong management, and we have been impressed with Interim’s team. Their vision and hard work has resulted in a company whose scale and reputation for quality sets Interim apart from its competitors.”
“Not only have Kathleen and her team at Interim tirelessly developed a unique franchise concept, their franchisees have differentiated themselves throughout the home healthcare market,” added Scott Plumridge, Principal at Halifax. “Comprised of many independent operators, the Interim franchisees continue to succeed in the large and growing home healthcare market.”
Founded in 1966, Interim HealthCare is one of the nation's oldest and most comprehensive health care franchisor. With more than 300 independently owned franchise locations in 43 states, Interim provides nursing, therapy, and non-medical home care, hospice, and healthcare staffing services to approximately 50,000 people annually. Headquartered in Sunrise, Florida, Interim HealthCare has a team of on-site and field based professionals who support the franchisee network primarily in the areas of operations, training, marketing and sales.
About The Halifax Group
The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses across a variety of industries including health and wellness, infrastructure, business and government services and franchising. The firm maintains offices in Washington, D.C.; Dallas, TX; and Raleigh, NC. For more information, please visit www.thehalifaxgroup.com.
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