July 2023 - VersiCare Group Continues Expansion in Kentucky with Acquisition of Open Doors
July 2023 – VersiCare Group ("VersiCare"), a Partner Company of Seven Hills Capital, announces the acquisition of Open Doors, a leading provider of residential care and Family Home Provider (“FHP”) services for individuals with developmental disabilities (“I/DD”) under Kentucky’s Supports for Community Living (“SCL”) Waiver program.
The transaction marks the fourth in Kentucky for VersiCare, expanding the Company’s footprint and operational capacity to the forefront of FHP providers in the state. The purchase reinforces VersiCare’s dedication to enhancing the lives of individuals through premium, personalized, home and community-based services.
"Open Doors shares our passion for empowering individuals to lead fulfilling lives,” stated Lauren Sclescky, CEO of VersiCare. “By partnering with Open Doors, VersiCare extends its reach to provide even more comprehensive, top-tier care across Kentucky. We can further achieve our goal of making a meaningful difference in the lives of the communities we serve."
Matt Pettit from Seven Hills added, "Open Doors' commitment to a person-centered, team approach for SCL participants aligns seamlessly with VersiCare’s mission. We welcome the Open Doors team into the VersiCare family as we concentrate on fostering best-in-class services in a state we are deeply familiar with across our Partner Companies.”
About Open Doors
Open Doors provides specialized care and independence for individuals with intellectual and/or developmental disabilities through Kentucky’s Supports for Community Living (SCL) Medicaid Waiver. Headquartered in Louisville, the Company specializes in Residential Level II services, also known as Family Home Provider (FHP) or Adult Foster Care (AFC). The Company ensures the best home environment for SCL participants using a person-centered approach that fosters long-term relationships and enhances the quality of life in a community setting. For more information, please visit www.opendoorsky.com.
About VersiCare Group
VersiCare Group is a company of leading brands providing premier therapy, residential and support services to individuals with intellectual and developmental disabilities. Headquartered in Troy, Michigan, the Company provides a variety of essential support services in five states - Michigan, Kentucky, Florida, Tennessee, and Indiana. VersiCare’s mission is to empower individuals to reach their full potential by delivering essential person-centered services. For more information, please visit www.versicaregroup.com.
About Seven Hills Capital
Seven Hills Capital is an operator-centric private equity platform, focused exclusively on opportunities within healthcare services and based in Nashville, Tennessee. Founded by former operators, Seven Hills believes in building long-term businesses through collaboration with all stakeholders. For more information, please visit www.7hillscap.com.