Everside Capital Partners Announces Investment in Prime Providers Holdings, LLC
July 2023
Everside is pleased to announce the closing of its investment in Prime Providers Holdings, LLC (“Prime” or the “Company”), a home-based healthcare provider offering private duty nursing, Applied Behavior Analysis (ABA) therapy, and related services to individuals throughout California. Headquartered in Culver City, CA, the Company is well-positioned for growth while continuing to prioritize high-quality patient care as payors and patients seek more convenient and affordable home-based care options.
Everside is excited to partner with Prime, along with a New York-based Small Business Investment Company (SBIC) to support the Company’s acquisition of Right Choice, a personal care and respite care services provider to patients with Intellectual and Developmental Disabilities (IDD) in California. The combined business offers skilled nursing and non-medical respite care to pediatric and adult patients in their homes, enhancing their quality of life while providing cost-effective alternatives to in-facility care. This partnership reflects Everside’s commitment to investing in businesses with industry expertise and a proven track record, which we believe delivers value to all stakeholders.
Everside is an SEC-registered investment advisor, as well as a SBIC (Small Business Investment Company) license holder based in New York, NY. With over $1.9 billion in assets under management across its funds, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts.
For more information, please visit us at everside.com.
*This communication is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account Everside Capital Partners, LLC (the “Adviser”) manages or offers. Although the information provided herein has been obtained from sources which the Adviser believes to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice and the Adviser has no obligation to update you.
This document should not be the basis of an investment decision. An investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consultation with legal, tax and regulatory experts. Statements made in this release include forward-looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” or believe,” or other variations thereon. Certain information contained herein constitutes opinions, intentions, or beliefs of the Adviser, which may be preceded by the terms “belief,” “opinion,” or other similar terms. Such statements of “opinion” merely represent the Adviser’s state of mind and should not be construed as a material statement of fact. Any use of adjectives or superlatives included herein are a good faith opinion of the Adviser including but not limited to language such as “exhaustive,” “superior,” or “leading,” and should not be construed as material statements of fact. Further, other third parties may not agree with the opinions of the Adviser.