November 2020 - VersiCare Group Announces Further Expansion in Kentucky and Indiana through New Partnerships
November 2020 –VersiCare Group (“VersiCare”), a leading provider of home and community-based services for children and adults with intellectual and developmental disabilities is pleased to announce a new partnership with Associates in Pediatric Therapy (“APT”) and the purchase of Positive Direction Support Services (“PDSS”).
“We are pleased to welcome APT and PDSS to the VersiCare Family,” stated Lauren Sclesky, CEO of VersiCare. “When we decided to launch an aggressive growth plan in 2018, we targeted Companies who share the mission in “helping people succeed” that has led to VersiCare’s success. With these new Partnerships, I am confident we can continue to provide best-in-class services across Kentucky and Indiana in addition to our other service areas.”
Matthew Pettit from Seven Hills added, “We formed VersiCare to build an industry leading Company across our target geographies. The APT Partnership and PDSS Acquisition are a meaningful step forward in executing on this strategy and expanding VersiCare’s footprint. We are excited to welcome both teams to the VersiCare Family and continue our growth plans together.”
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. Founded by former operators, Seven Hills believes in building long-term businesses through collaboration with all stakeholders. Seven Hills has identified an opportunity to invest in smaller healthcare service opportunities often overlooked by larger sponsors. For more information, please visit www.7hillscap.com.
If you have any questions regarding this transaction, please contact Matthew Pettit (matt@7hillscap.com).