HCAP Companions on Wednesday mentioned it had ended its funding with Mission Healthcare and that Vistria Group had invested within the San Diego-based dwelling well being and hospice supplier.
Phrases of the take care of Vistria Group, a Chicago-based funding agency, weren’t disclosed, based on a information launch.
“With HCAP Companions’ help, Mission Healthcare was in an important place to navigate main modifications within the business associated to Medicare reimbursement and COVID-19. The flexibleness HCAP supplied gave us sturdy momentum to capitalize on altering market dynamics and pursue worker development and growth,” Mission Healthcare CEO Paul Ver Hoeve II mentioned in an announcement.
HCAP Companions, a California-based personal fairness agency, will assist create and fund a benevolent fund that may supply short-term monetary help for workers going through household crises, medical bills or shedding their household’s major supply of earnings, the discharge mentioned.
“We’re extraordinarily happy with Mission Healthcare’s in depth accomplishments since our preliminary funding. The corporate not solely exhibited stellar development however improved its high quality of care and have become a prime office in San Diego throughout our funding holding interval,” Nicolas Lopez, principal at HCAP Companions, mentioned in an announcement. “The corporate’s efficiency exceeded our expectations.”
Mission Healthcare, based in 2009, has greater than 600 staff and serves sufferers throughout southern California.