In home care, the relationship between the operator and the private equity sponsor can be difficult to manage.
Generally, healthy relationships – ones where there’s “give and take” – lead to growth and success. Poor relationships between those two parties, on the other hand, tend to lead to undesirable outcomes.
“Private equity has a really powerful place within our space to offer some assets to an organization like mine,” Family Resource Home Care CEO Jeff Wiberg told Home Health Care News. “PE has allowed us to have plenty of dry powder to be able to continue to do what we want to be able to do.”
There’s a push and pull that exists in PE firm-agency relationships. It’s up to both sides to agree on a long-term strategy and to have an open dialogue throughout the process, before and after an investment. Read more.
