Investors Management Corporation (IMC) has acquired RiseMark Brands, an Omaha-based in-home senior care franchisor.
According to IMC, RiseMark is one of the nation’s leading in-home senior care franchise companies. Through its Right at Home brand, RiseMark provides companion care, personal care, skilled nursing, and Alzheimer’s and dementia care in the US and seven international territories. Through its IKOR brand, RiseMark provides life management, healthcare and financial advocacy, and personal guardianship services in the US. The company was founded in 1995 and is based in Omaha (www.rightathome.net).
Allen Hager, the founder and executive chairman of RiseMark, will retain an ownership position in the company and will continue to lead RiseMark along with President and Chief Executive Officer Brian Petranick. “We have found a stable and responsible partner in IMC offering an ownership platform that will enable RiseMark to continue to provide an industry-leading continuum of care for seniors and the disabled,” said Mr. Hager. “Through this partnership, I am confident that there will be new strategic initiatives that will help us keep a firm grasp on our position as industry leaders.”
Investors Management Corporation invests in companies across a range of industries that have from $5 million to $25 million of EBITDA. The firm was founded in 1971 by James Maynard, the founder of the Golden Corral chain of family style restaurants. IMC is based in Raleigh, NC (www.investorsmanagement.com).
“We are excited to welcome RiseMark into the IMC family of companies,” said Quinton Maynard, chairman and CEO of IMC. “We feel that RiseMark’s mission to improve the quality of life for those they serve is meaningful and worthwhile and one that we can proudly support for years to come.”
Investment bank McLean Group was the financial advisor to RiseMark Brands. Madison Capital provided financing for the transaction.
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