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Levine Leichtman Capital Partners and Management Acquire Caring Brands International Which Includes the Legendary Brand Interim HealthCare

SUNRISE, FL — September 30, 2015 - Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has partnered with management to complete the acquisition of Caring Brands International, Inc. (“CBI”).  Tracing its heritage back to 1966, CBI is the leading franchisor of home healthcare services under three global brands: Interim HealthCare (in the United States), Bluebird Care (in the United Kingdom and the Republic of Ireland) and Just Better Care (in Australia).  Together, the CBI brands represent 530 locations operated by more than 250 independent franchise owners that produce over $1 billion of system wide sales.  CBI franchisees offer individuals a full continuum of care including skilled home nursing, assistance with daily living activities and end-of-life hospice care.  Caring Brands is headquartered in Sunrise, FL
 
According to Lauren Leichtman, Co-Founder and CEO of LLCP, “Interim, Bluebird Care and Just Better Care are three of the world’s leading brands in home healthcare.  We are thrilled to partner with Kathleen Gilmartin, CEO of Caring Brands, Mike Slupecki, CFO/COO and the entire CBI management team, who have led the Company through a period of significant growth both domestically and internationally.  We look forward to working with the Company as it continues to increase system sales, expand its unit count and solidify its position as the market leading franchisor of home healthcare.”
 
Kathleen Gilmartin and her management team will retain significant ownership in the Company and will continue to lead CBI.  Regarding the transaction, Kathleen Gilmartin commented, “Identifying a partner with a long history of successfully investing in both healthcare and franchise businesses was important to us as we initiated this process.  LLCP’s expertise in these areas, including its resources and relationships, will be critical in achieving our goals and objectives.  I am excited about working with our new partners and expect to generate meaningful value for all of our stakeholders.”
 
About Caring Brands International
 
Caring Brands International is the leading franchisor of home healthcare services under three global brands: Interim HealthCare (in the United States), Bluebird Care (in the United Kingdom and the Republic of Ireland) and Just Better Care (in Australia).  Together, the CBI brands represent 530 locations operated by more than 250 independent franchise owners that produce over $1 billion of system wide sales.  The Company’s franchisees offer patients a full continuum of care including skilled home nursing, assistance with daily living activities and end-of-life hospice care.  Caring Brands is headquartered in Sunrise, FL.
For more information visit www.interimhealthcare.com or www.caringbrandsintl.com  
 
About Levine Leichtman Capital Partners
 
LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.0 billion of institutional capital since its inception.  LLCP invests in middle market companies located in the United States and Europe.  LLCP invests its capital through private equity partnerships and various debt and leveraged loan funds.  LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P.  LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.  For further information please see http://www.llcp.com .
 
 

 
 
 
 
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