Two large private equity firms have made under-the-radar investments in the self-directed, at-home care enabler Public Partnerships (PPL), Home Health Care News reports.
The two backers are the Park City, Utah-based DW Healthcare Partners and the Chicago-based Linden Capital Partners. Axios first reported the news.
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.
– A divestiture process was set forward by Public Consulting Group Inc. (PCG), of which PPL is an affiliate business. PCG is a Boston-based firm that partners with “health, education and human services agencies to improve lives.” Read more.
