May 30, 2023
Team Select Home Care (“Team Select” or the “Company”), a leading home care platform that provides care primarily to protected paediatric patient populations, today announced a strategic capital investment from Court Square Capital Partners, a middle market-focused private equity firm with $7.4 billion in assets under management. With Court Square’s partnership, Team Select Home Care will be well positioned to continue adding branches in select markets and serving current patients and communities. The existing sponsor, Tenex Capital Management, will continue to own a minority stake in the business.
Headquartered in Phoenix, Arizona, Team Select Home Care operates in 11 states through 39 branches and serves over 7,000 protected patients. The Company currently provides long term, in-home care in the post-acute space for both paediatric and geriatric patients. In 2023, the Company celebrated the 15th anniversary of its founding.
“As home care specialists, our patients and their families will always be our primary focus. Our goal has always been to raise the bar on the standard of care our industry provides,” said Fred Johnson, CEO of Team Select Home Care. “Partnering with Court Square is an exciting opportunity because of their deep healthcare knowledge and proven track-record of working with companies similar to ours.”
“When I founded Team Select, I had a mission to dramatically improve the care that patients receive in a post-acute setting. Improving the access to critical care in the home environment serves to avoid hospital visits, drive down costs and ensure our patients’ wellbeing,” said Mike Lovell, Founder of Team Select Home Care. “The team at Court Square understands our unique vision and is the right partner to ensure we reach our goals.”
Over the last fifteen years, Team Select has grown organically, and through M&A, to address the need for critical and cost-saving home-based care. Through the partnership with Court Square, Team Select is well positioned to complete its next phase of growth.
“Team Select has created a unique and highly specialised platform for home-based care and we are very excited to help the Company accomplish its expansion goals. Since Court Square was founded, we have had a strong record of working with founders, families, and manager-owners to drive value creation, while maintaining the principles of partnership and dedication,” said John Weber, Managing Partner at Court Square. “Team Select has many of the qualities we look for when partnering with healthcare companies and we are eager to leverage our experience and expertise to help the team execute on future growth plans,” added Jeff Abramoff, Partner at Court Square.
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