CHICAGO (August 5, 2021)—Cressey & Company LP, a private investment firm focused on building leading health care services and information technology businesses, announced it has made a significant growth investment in Home Care Pulse, a provider of satisfaction management, training and performance benchmarking solutions for the homecare industry and other post-acute end markets. The investment will be used to accelerate the company's product development efforts, amplify growth in existing and new health care end markets, and complete accretive strategic acquisitions.
"We are excited to partner with Cressey as we continue building Home Care Pulse into a post-acute technology leader," said Home Care Pulse Chief Executive Officer, Erik Madsen. "Home Care Pulse is well-positioned in a thriving industry, with a comprehensive and value-added technology platform that is helping homecare providers manage caregiver turnover while improving overall client and caregiver satisfaction and industry education. With the support of our new partners at Cressey, we aim to expand our reach while continuing to provide the best-in-class experience management and eLearning solutions our customers are accustomed to receiving from us."
Founded in 2008, Home Care Pulse delivers a technology platform offering that empowers providers to improve caregiver retention, patient satisfaction and care outcomes. The company is also the homecare industry's leading data experts through the annual Home Care Benchmarking study and the creators of the Best of Home Care Award series that recognized the top homecare providers across the nation. Home Care Pulse currently supports approximately 3,500 providers across home health and facility-based care settings.
Home Care Pulse Executive Chairman, Chris Bennett, who will continue in his current capacity, said, "The Cressey team has a proven track record as value-add partners in the health care technology market. We look forward to the next chapter of Home Care Pulse's growth story as we continue delivering our proven solutions to healthcare organizations nationwide."
"We are thrilled to partner with Home Care Pulse and its leadership team," said Cressey & Company Partner Dave Rogero. "They have built an exceptional business founded upon continuous innovation, fostering strong customer relationships, and a commitment to excellence in customer service. We intend to leverage these core fundamentals as we accelerate the Company's growth and expansion."
DC Advisory and Waller Law acted as financial advisor and legal counsel, respectively, to Home Care Pulse, while Brentwood Capital Advisors and Ropes & Gray LLP acted as financial advisor and legal counsel, respectively, to Cressey & Company for the investment.
Visit homecarepulse.com for more information.
