Two Private Equity Firms Reportedly Back Self-Directed At-Home Care Enabler Public Partnerships
Summary
Two large private equity firms have made under-the-radar investments in the self-directed, at-home care enabler Public Partnerships (PPL).Thats according to a new report from Axios, which said that few other details are known about transaction. The two backers are the Park City, Utah-based DW Healthcare Partners and the Chicago-based Linden Capital Partners.Other details that are known, according to Axios, include: Linden made the investment through its structured capital vehicle The joint investment follows a Covington Associates-run sale process that began several months ago. PCG is a Boston-based firm that partners with health, education and human services agencies to improve lives.As of Tuesday afternoon, PPL, DW Healthcare and Linden Capital Partners had all not responded to Home Health Care News request for comment on the matter.PPL has 10 U.S. offices scattered across the country and also operates in the U.K. States generally like the model because it provides jobs and also usually helps keep patients out of more costly settings like most home care does.At the same time, self-direct programs have often been rife with fraud, as it is harder to regulate than agency-provided home care.On the backers side, DW Healthcare generally invests in mid- to late-stage companies in the health care space. Its portfolio includes Vital Care Infusion Services, ProPharma Group and the revenue cycle management company Aspirion, among others.