Levine Leichtman Capital Partners Sells Caring Brands International
Levine Leichtman Capital Partners has sold its portfolio company Caring Brands International, Inc. to Wellspring Capital.
Headquartered in Sunrise, Florida, Caring Brands is a franchisor of home healthcare services globally and the only franchisor offering the full continuum of care at home, including skilled nursing, assistance with daily living activities and end-of-life hospice care. The Company operates under three brands: Interim HealthCare (U.S.), Bluebird Care (U.K. and Ireland) and Just Better Care (Australia).
Matthew Frankel, Managing Partner of LLCP, said, “The Caring Brands management team, led by Jennifer Sheets, has built an incredible business and the investment has been extremely successful for LLCP and CBI’s stakeholders. Since investing in 2015, we have completed numerous add-on acquisitions (both domestic and abroad), driven the increased adoption of Caring Brands’ higher acuity service lines (especially hospice and home health), and added a company-owned branch strategy to further accelerate growth. Caring Brands is exceptionally positioned to continue executing on its growth plan and we wish the management team, franchisees and Wellspring further success.”
The sale of Caring Brands is LLCP’s eighth recent successful exit, following FlexXray, Trinity Consultants, Nothing Bundt Cakes, ZorgDomein, Jonathan Engineered Solutions, Futurewhiz and Pacific Handy Cutter.
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