New company completes first acquisition in growing independent living services industry
September 23, 2013 – Silverhawk Capital Partners (“Silverhawk”), is pleased to announce the formation of American In-Home Care, LLC (“AIHC”) to create a leader in the independent living services industry, and the completion of its first strategic acquisition, AHC Cares, Inc. based in Orlando, Florida.
The independent living services industry is expanding rapidly as a result of several trends, including a growing, aging population with a desire to live independently at home, and the continued increase of outpatient surgical procedures requiring at home recovery. To address these trends and the disparate, fragmented approaches to providing these services, Silverhawk has established AIHC.
Based in Atlanta, Georgia, AIHC will be headed by Doug Hollman as CEO and President. Mr. Hollman recently led Silverhawk portfolio company Discovery Health Record Solutions, where he managed its 5 fold growth, and completed 9 accretive acquisitions over a 5 year period, culminating in Discovery’s successful divestiture in late 2012. “We are excited about the opportunities this industry presents, the growth platform that our first acquisition will provide us, and the chance to work with Doug Hollman and key members of his management team from Discovery again,” commented David Scanlan, Chairman of AIHC and a Managing Partner of Silverhawk.
AHC Cares, Inc., established in 1992, is a leader in referring licensed caregivers in Central and Northern Florida, to clients that prefer personal control and authority over companion, homemaker and personal care services decisions. The company’s proven process recognizes the benefits of this consumer directed approach, and ensures that the registered caregivers are credentialed, verified and rigorously screened. This process includes a background check, review of current licensing requirements, and inspection of their liability insurance, to provide the company’s clients with control, choice, and peace of mind when choosing their caregiver. Jim Mark the company’s owner and president, is an industry leader who serves as President of the Private Care Association, Inc., a professional association of similar companies that are dedicated to the concept of aging in place. Mr. Mark will continue with the new company as COO. “ I am pleased that Jim Mark will continue as my partner in managing and growing AIHC,” remarked Doug Hollman, “ we respect his industry knowledge and leadership, vision for the future, and the compassionate methods he has developed for matching clients with caregivers so that they can continue to live in their homes.”
About AHC Cares, Inc.
AHC Cares, Inc. operating as American Home Companions, Inc. and American In-Home Care, Inc. provides access to personal care services in 23 counties in Central and North Florida under Florida State licenses. These services include homemaker, companionship, and personal care provided through licensed, screened and empathetic caregivers.
Learn about American Home Companions, Inc. and American In-Home Care, Inc. at www.ahccares.com or call (877) 242-2255.
About Silverhawk Capital Partners
Silverhawk Captial Partners is an independent investment firm established in 2005 to invest in lower middle market transactions within the Growth Industrial, Energy/Natural Resources and Business Service sectors. Silverhawk typically invests between $10 million and $50 million of equity capital in growth oriented businesses with revenues ranging from $25 million to $250 million. Silverhawk has offices in Greenwich, CT, Charlotte, NC and Overland Park, KS.
Learn more about Silverhawk at www.silverhawkcapitalpartners.com
Reach Silverhawk at info@silverhawkcp.com or call (203) 861-2905.
