InTandem Capital Partners LLC, a healthcare services-focused private equity firm, has made a strategic equity investment in HouseWorks, an independent home care company.
Founded in 1999 and based in Woburn, Mass., HouseWorks is a home care company focused on helping seniors live independently. The company currently has eight locations throughout Massachusetts, the southern New Hampshire and Maine regions and the Philadelphia area. The addition of HouseWorks builds upon InTandem Capital’s focus on the healthcare services sector and the firm’s existing portfolio of home care services companies.
“The firm brings a wealth of industry expertise that will enable us to drive innovation and continue our growth strategy,” states Mike Trigilio, chief executive officer of HouseWorks. “Matched with our ambition and passion for home care, we believe InTandem Capital’s deep sector expertise, financial and operational resources, and track record in our sector will bring significant value to the HouseWorks platform and ultimately benefit our clients, caregivers, and team members.”
Goodwin Procter served as legal counsel for InTandem Capital, and Edgemont Partners served as the firm’s financial advisor. Mintz served as legal counsel for HouseWorks and SVB Securities served as the company’s financial advisor.