18
Aug

Infinity Healthcare Holdings Completes Infinity Homecare Investment

 
Tampa, FL – August 18, 2010 – The principals of HealthEdge Investment Partners, LLC announced today that they have acquired a significant interest in Infinity Homecare, LLC (“Infinity”). The investment was made by and through Infinity Healthcare Holdings, LLC (“IHH”).

Headquartered in Sarasota, Florida and founded in 2006, Infinity Homecare provides home health services in the state of Florida through licensed and Medicare-certified agencies. Infinity offers a broad range of services for physicians, patients, and clinical programs. The company currently offers these services from 13 locations in six districts in the state of Florida.

HealthEdge Managing Partner Phil Dingle said, “We are thrilled to invest in this growing market in Florida and to begin our relationship with the founders of Infinity. With the ability to provide identical services at a lower cost than any other long-term care setting, home health has become a preferred post-acute care option for Medicare, and we strongly believe that as the population of individuals qualifying for Medicare explodes over the coming years, the home health industry will continue to be one of the fastest growing healthcare markets.”

Infinity co-founders Robert Moxley and Todd Josephson, along with other senior management, will stay on board in their current executive leadership positions. Todd Josephson, CEO of the Company, added, “The principals at HealthEdge bring a wealth of knowledge and relationships to our business, and we are excited to begin this new partnership. Their strategic insights and support, knowledge of the market, and extensive network within the state of Florida will bolster our position in this robust and rapidly expanding marketplace. We look forward to their continued support and operational guidance over the coming years.”

About HealthEdge
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.

About Infinity Homecare
Infinity Homecare provides home health services in the state of Florida through licensed and Medicare-certified agencies. Infinity offers a broad range of services for physicians, patients, and clinical programs. The company currently offers these services from 13 locations in six districts in the state of Florida. With over 400 employees, the quality of the staff is maintained due to a highly involved and experienced management team and incentive programs found at every employment level. The Company was founded in 2006 and is headquartered in Sarasota, Florida. www.infinityhc.com

For more information, please contact Phil Dingle at HealthEdge at (813) 490-7101.