Sverica Capital Management Announces Investment in SG Homecare | national company

BOSTON–(BUSINESS WIRE)–June 14, 2022–

Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced that it has made a strategic investment in SG Homecare (“SG Homecare” or the “Company”).

Founded in 2001, SG Homecare is a leading provider of durable medical equipment, prosthetics, orthotics and supplies (“DMEPOS”) for home care patients throughout the California market. The company provides a full range of DMEPOS products and services, enabling SG to be a one-stop-shop for all of its patient needs. The company is pioneering the use of capitation contracts in the DMEPOS space, serving a wide range of at-risk payers and provider groups, acting as a value-added partner for these organizations as they seek to provide high quality care for their home. based patient populations.

“After an exhaustive search for the right growth partner, I determined that Sverica and SG share the same values ​​and commitment to patient care. We look forward to the opportunity to grow and expand our footprint in the healthcare,” said Thomas (“Randy”) Rowley, Founder and CEO of SG Homecare. Rowley will continue to lead the company, while Gregg Osenkowski, Partner at Sverica, and Doug Patrican, Vice President at Sverica, will join the board of directors of SG Homecare in connection with the transaction.

“We were attracted to SG Homecare because of the company’s consistent focus on customer service, breadth of product offerings and leadership in risk-sharing payment models with payers and payers. groups of physicians at risk. As the number of physician groups taking all the risk increases nationwide, we believe models such as SG Homecare will be an attractive alternative to traditional fee-for-service,” said Gregg Osenkowski, Partner at Sverica. .

Doug Patrican, Vice President of Sverica, added, “SG Homecare’s commitment to the highest quality patient care sets the company apart and has generated exceptional customer satisfaction among the company’s payer and provider base. .

About SG Homecare

For over 20 years, SG Homecare has been a leading provider of durable medical equipment, disposable medical supplies, respiratory and oxygen therapy, personalized and electric mobility, orthotics and prosthetics and enteral nutrition. for patients across California. The company’s broad product line enables it to meet the DMEPOS needs of nearly any home patient and serve as a one-stop-shop for their payer and provider partners. Over the past two decades, the company has pioneered the use of capitation arrangements in the DMEPOS space in the California market, providing full alignment with their customers while delivering the highest quality patient care. . The company is based in Tustin, Calif., with locations across the state. For more information, visit www.sgdme.com.

About Sverica Capital Management

Sverica Capital Management is a leading growth-focused private equity firm that has raised over $1.1 billion across five funds. The company actively acquires, invests and builds companies that are or could become leaders in their industries. Since its inception, Sverica has followed an ‘entrepreneurial’ investment approach and plays an active supporting role in its portfolio companies. Sverica devotes significant time and internal resources to helping its management teams develop and execute growth strategies and proactively seeks levers to accelerate growth by reinvesting in these businesses. Sverica strongly believes in collaboratively building businesses that can last for the long term by starting with a solid foundation and bringing in the right people and the right playbook to drive reinvestment and ultimately strong returns for our investors. For more information, please visit https://sverica.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220614005371/en/

CONTACT: Nathalie Allen

Sverica Capital Management

(415) 249-4906

nathalie@sverica.com

KEYWORD: CALIFORNIA MASSACHUSETTS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES MEDICAL SUPPLIES MEDICAL DEVICES HEALTH FINANCE VENTURE CAPITAL

SOURCE: Sverica Capital Management

Copyright BusinessWire 2022.

PUBLISHED: 06/14/2022 08:00/DISC: 06/14/2022 08:02

http://www.businesswire.com/news/home/20220614005371/en

Copyright BusinessWire 2022.

Comments are closed.