Amazing Care, a portfolio company of 3 Rivers Capital, has been recapitalized by Bow River Capital

Amazing Care Home Health Services

Amazing Care Home Health Services, founded in 2004 and based in Aurora, Colorado, is a clinically-driven pediatric home healthcare provider with a fully integrated suite of medical and non-medical services to pediatric clients across Colorado, Utah and Texas. Amazing Care has grown rapidly through a combination of service line expansion, denovo openings and completing five strategic acquisitions to become the trusted provider for all of the home healthcare needs of pediatric clients and their families. The company is led by Arthur Lowry, Founder and Chief Executive Officer, along with a strong management team with deep operational and clinical experience in the home healthcare sector. Amazing Care has over 1,000 employees and serves approximately 2,000 clients across five service lines, including private duty nursing (PDN), skilled nursing, therapy, certified nursing assistance (CNA) services and attendant care.

The Deal

Since being acquired in 2018 by 3 Rivers Capital, Amazing Care has experienced explosive organic growth and completed five add-on acquisitions, resulting in a five-times census increase, and significant revenue and EBITDA growth. Amazing Care sought a new partner to support its next phase of growth in continuing to expand its geographic footprint and support its cross-selling efforts with new and existing clients. Bow River Capital partners with high-growth companies, accelerating growth by collaborating with management teams to develop a scalable strategic and operational framework. Amazing Care will leverage Bow River Capital’s operational capabilities and deep bench of industry resources to pursue the leadership’s vision of establishing a leading diversified, clinically focused home healthcare company. Bow River Capital has prior investment experience in the sector having invested in Professional Pediatric Home Care.

Rob Carskadden, Partner at 3 Rivers Capital, commented, “With having completed numerous acquisitions over the prior 12 months and in various stages of integration, we needed a knowledgeable, creative and resourceful team to work by our side. The healthcare team at Lincoln delivered and were a pleasure to work with throughout. Lincoln developed a successful strategy to meet our demanding goals on timing and provided the necessary analytical expertise to support and supplement our internal team’s efforts.”

Our Perspective

Barry Freeman, Managing Director and co-head of Lincoln’s Healthcare Group, stated, “We are honored that 3 Rivers Capital chose us to represent them in this transaction, and we are elated with the new partnership that Arthur and the Amazing Care team will have with Bow River Capital going forward. The Amazing Care transaction represents our ninth home health and community-based care company transaction of 2021 and is another important credential for our practice in the growing pediatric home healthcare market.”

3 Rivers Capital

3 Rivers Capital is a private equity firm focused on control acquisitions of small businesses with EBITDA between $4 million to $10 million. Since its founding in 2005, 3 Rivers has built expertise in acquiring family and entrepreneur-owned businesses that present a clear and compelling opportunity to create significant value. 3 Rivers Capital adds value through active ownership and supportive partnerships with highly motivated management teams. For more information, please visit www.3riverscap.com.

Bow River Capital

Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower mid-market in three asset classes, including private equity, real estate and software growth equity. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure. For more information, please visit www.bowrivercapital.com.

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