J.H. Whitney Capital Partners has acquired Pediatric Services Holding Corporation, the parent company of Pediatric Services of America, known as PSA Healthcare.
“We are very excited to partner with PSA,” said Steve Rodgers, Managing Director at J.H. Whitney. “PSA’s committed corporate culture and track record of successfully providing quality, cost-effective home care services have positioned them as a leader in its industry.”
PSA Healthcare is a provider of home care services for medically fragile children. PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care. PSA is based in Cary, NC (www.psahealthcare.com).
“We look forward to partnering with J.H. Whitney and believe that together we can further our mission to deliver the highest quality care to the families who need our services,” said Eric Minkove, Chief Executive Officer of PSA.
BMO Capital Markets acted as exclusive financial advisor and Debevoise & Plimpton acted as legal advisor to PSA in connection with this transaction. BMO Capital Markets acted as lead arranger in connection with the debt financing for the transaction.
J.H. Whitney invests in small and middle market companies that are active in the consumer, healthcare, specialty manufacturing, and business services sectors. The firm is investing out of its seventh private equity fund. J.H. Whitney was founded in 1946 and is based in New Canaan, CT (www.whitney.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-24-15