Spring Capital Partners III, L.P. made a $2.375 million subordinated debt and preferred equity investment in HomeCentris Healthcare, LLC (“HomeCentris”), an entity created to acquire Personal Home Care, Inc., Maryland Home Health, LLC, and Community Health Center, LLC. The proceeds were used to facilitate the acquisitions in conjunction with equity invested by Matt Auman and Tim Trybus, two seasoned healthcare executives who have assumed the roles of CEO and CFO, respectively. Interprise Partners sponsored the transaction while the Sellers rolled significant equity and remain involved in the businesses.
Based in Pikesville, MD, HomeCentris’s Personal Home Care, LLC subsidiary is a Maryland Residential Service Agency providing home health aides to predominantly Russian-speaking clients. The Company is Maryland’s largest Medicaid home health provider. In addition, HomeCentris provides home health aides, skilled nursing, and physical, occupational , and speech therapies to Medicare customers through its HomeCentris Home Health, LLC subsidiary. HomeCentris also operates primary care and physical therapy clinics in independent and assisted living facilities through its HomeCentris Community Care, LLC subsidiary.