Sentinel Capital Exits Successful Interim HealthCare Investment
Sentinel Capital Partners announced the sale of Interim HealthCare, a skilled home healthcare services franchisor. Financial terms of the sale were not disclosed.
Sunrise, FL-based Interim is a comprehensive home healthcare provider that uses a franchise-only business model. Interim’s franchise network provides services that cover the entire range of home-based care, including skilled home healthcare, home hospice care, home assisted living care and supplemental healthcare staffing.
Under Sentinel’s ownership, Interim underwent an operational transformation from a franchisor and direct provider of healthcare services into a “pure-play” healthcare franchisor. Interim refranchised all of its company-owned home healthcare locations, exited non-core healthcare businesses, and focused its efforts on recruiting new franchise owners to its network.
“Sentinel was a fantastic partner to the Interim team during the course of their ownership,” Kathleen Gilmartin, Interim’s president and CEO, said. “Drawing upon Sentinel’s franchising experience and financial support, Interim was able to successfully navigate through a dynamic period of change in the healthcare industry. Home healthcare continues to be more cost effective and therefore more affordable than institutional care and we look forward to remaining on our current growth trajectory.”
Sentinel Capital Partners specializes in partnering with entrepreneurial executives to buy and build lower middle-market companies in the United States and Canada.
Interim HealthCare is a healthcare franchise organization of more than 300 independently-owned franchise offices. Interim HealthCare franchisees provide community-based home care, home hospice care and healthcare staffing services.