Course for Continued Growth With Partnership
Home Care Delivered, Inc. (“HCD”), a well-respected provider of reimbursable medical equipment, today announced that it received a majority equity investment by BPOC, a Chicago-based private equity firm that focuses exclusively on the healthcare industry. The transaction takes effect immediately, and the financial terms are not disclosed.
Gordy Fox, founder and CEO of HCD stated that the HCD journey began with caring for family members with chronic illnesses in their home. He also realized the stress and uncertainty it brought. HCD was founded in 1996 by Gordy Fox, who embraced a business philosophy that treats caregivers and customers as family. Fox said, “There is a strong outlook to deliver quality healthcare in home. BPOC shares our vision to deliver HCD-quality service at a larger scale with our customer-first and employee-centric culture.”
HCD President Dan Monahan said, “HCD has always taken great pride in providing best-in-class customer service. Over the years, that pride has fueled the creation a remarkable technical foundation and operational base to build upon.” This is the right time to invest in HCD’s growth and expand our customer reach by offering products and services HCD offers better than anyone else. We are excited about our relationship with BPOC. Not only because of their investment but also because of their industry knowledge and desire to help HCD improve its client service model.
Troy Phillips, Partner at BPOC, stated that “there’s no doubt the U.S. healthcare trends are shifting toward more prenatal care at home”, and that it is crucial to find platforms specifically designed to deliver these services.” HCD’s unique combination of culture, technology, and people was the perfect foundation for this market. He concluded that we look forward to working with the HCD team, supporting its growth strategies, and long-term vision.”
Williams Mullen represented HCD in this transaction
- HCD was served by North Point Advisors as its exclusive financial advisor in connection to the transaction.
- BPOC was represented by Paul Hastings LLP. Lincoln International was the financial advisor to BPOC for this transaction.
About Home Care Delivered
Home Care Delivered, a leader in direct-to-patient delivery of medical supplies for diabetes, ostomy, and wound concentra urgent care, is available to patients. Home Care Delivered was founded in 1996 in Glen Allen, Virginia. It is a national provider of quality supplies and customer service for caregivers and patients nationwide.
HCD – Home Care Delivered
Based in Glen Allen, Virginia provides medical supplies and products. Products are delivered to customers confidentially from top industry suppliers. Home Care Delivered was established in 1996 and carries supplies for wound care insurance, diabetes, urological conditions, incontinence, sanitation, and other medical needs. Gordy Fox founded Health Care Delivered after caring for his elderly relatives with chronic medical conditions. Home Care Delivered has a relationship with over 60,000 doctors and other medical referral sources. Home Care Delivered, as an employer, has previously offered part-time jobs.