DALLAS—Havencrest Capital Management (Havencrest), a Dallas-based health care private equity firm, announced the third acquisition under its Avid Health at Home (Avid) platform: Independence 4 Seniors (I4S), a Chicago-area homecare provider.
"With three acquisitions in the last six months, Avid is showing strong momentum," said Christopher W. Kersey, founding managing partner of Havencrest. "Avid's team continues to successfully identify and integrate strategic acquisitions in attractive markets."
I4S has provided personalized homecare for older adults in DuPage County and Western Cook County since 2002. I4S represents Avid's second acquisition in the Chicago market as Avid expands its presence in the Midwest.
"I4S will allow Avid to further establish its footprint in the Chicago market and provide critical density as we grow our patient population," said Avid CEO Jen Lentz. "We are very excited to partner with homecare providers that share our passion for quality care and improving patients' lives."
