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Interim HealthCare Press Releases

Interim HealthCare Recapitalizes with Management and Halifax Partners

 

SUNRISE, FL – November 1, 2012 – Interim HealthCare announced today that, in partnership with management, The Halifax Group has completed an investment in Interim HealthCare, Inc., the nation’s leading home healthcare franchisor. The current senior executive team will continue to serve in their management roles. Halifax and Interim HealthCare Inc. management provided the equity for the transaction.
 
Based in Sunrise, Fla., Interim HealthCare is the nation's oldest and most comprehensive home healthcare 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,” said Interim HealthCare Inc. CEO and President 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 next phase of growth.  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 growth 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.  We are confident that together we will keep Interim on its already stellar growth trajectory.”
 
“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.”
 
About Interim HealthCare:
Founded in 1966, Interim HealthCare Inc. is the nation's first and finest senior care franchise organization. Through a comprehensive network of more than 300 independently owned franchise offices, Interim HealthCare franchisees are the largest combined provider of community-based home care, hospice and health care staffing services. Interim HealthCare is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards that improve the delivery of service through franchisees that employ more than 40,000 health care workers who serve 50,000 people each year. For more information or to locate an Interim HealthCare office, visit www.interimhealthcare.com.
 
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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