Home Care Delivered Receives Majority Equity Investment

Citing the overall trend toward healthcare in the home, private equity investors BPOC back provider’s plans for continued growth.

HME provider Home Care Delivered Inc. (HCD; Glen Allen, Va.) has received a majority equity investment from BPOC, a Chicago-based private equity firm focused exclusively on the healthcare industry.

The transaction is effective immediately, and financial terms were not disclosed.

HCD provides a variety of supplies and services in categories including incontinence, diabetes and wound care. The business originated from caring for chronically ill family members in the home and realizing the stress and uncertainty that comes with it, according to HCD founder and CEO Gordy Fox. 

“That experience led to founding HCD in 1996, based on a business philosophy of treating customers and caregivers like you would family,” Fox said. “There’s a strong outlook for delivering quality healthcare in the home, and BPOC shares our vision of delivering HCD-quality service on a much larger scale with our customer-first, employee-centric culture.”  

As U.S. healthcare increasingly trends towards care delivery in the home setting, finding businesses that provide that kind of service is critical, according to Troy Phillips, Partner at BPOC.

“In our search for the right medical supply provider, it became clear that HCD’s unique blend of people, culture, and technology would be an ideal foundation to address this growing market,” Phillips said. “We look forward to partnering with the HCD team and supporting the company’s growth strategies and long-term vision.”

“This is the perfect time to invest in our growth by expanding our customer reach with products and services HCD can provide better than anyone else,” said Dan Monahan, President and COO of HCD. “We’re excited about our new relationship with BPOC, not only through their investment but also their far-reaching industry expertise and their desire to help HCD build upon its proven client service model.”

 

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