Deal Details

Always Best Care Is Acquired by NexPhase

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Summary

About

Founded in 1996, Always Best Care has developed one of the most comprehensive franchised in-home senior care platforms in the U.S. and Canada, operating across roughly 280 territories in more than 30 states and two provinces. The Company offers non-medical personal care, assisted living placement and skilled home health services and is recognized for delivering high-quality, compassionate care while supporting its franchise partners. Always Best Care is headquartered in Rocklin, California.

Gemini is a private investment firm focused on providing capital to established, smaller middle market businesses, operating in nearly all industry sectors. Since its inception in 1993, Gemini has invested over $1 billion in more than 190 companies throughout the U.S. The firm can provide a wide range of financing structures and has extensive experience structuring and leading transactions as well as co-investing with other private equity firms and independent deal sponsors. Gemini is headquartered in Wellesley, Massachusetts.

NexPhase is a thematically driven and operationally focused lower middle-market private equity firm that makes control investments in growth-oriented and capital-efficient companies within three distinct industry verticals: healthcare, software and consumer. NexPhase partners with companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the Company’s "next phase." The NexPhase team has extensive industry and operational experience and NPC’s Partners have invested together for over 15 years. NexPhase has completed over 110 investments, including add-ons, and targets control equity investments between $40 million and $225 million. Since inception, NexPhase has raised and managed approximately $2.6 billion of capital. NexPhase is headquartered in New York, New York.

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