Trive Capital, a Dallas-based private equity firm, has partnered with Choice Health at Home. Headquartered in Tyler, TX, Choice is a geriatric post-acute home health business that serves patients throughout Texas.
“Trive is excited to partner with Choice in its mission of serving patients and their families’ needs at home across the continuum of care,” commented Conner Searcy, managing partner at Trive Capital. “Choice’s patient-centric culture and commitment to clinical excellence are critical to the Company’s success, and we look forward to providing capital and resources to help Choice expand its reach.”
Brad Wiginton, managing director at Trive, added, “Choice has an established track record of coming alongside home health and hospice businesses of all sizes and providing owners with the peace of mind that their business will continue to be managed with the highest standard of care.”
Founder and CEO David Jackson commented, “Trive’s ability to provide senior debt, subordinated debt and preferred equity resulted in a streamlined transaction that provided high certainty of execution. Through our partnership with Trive, Choice has been able to accelerate the Company’s growth, having closed seven add-on transactions since Trive made its initial investment in Choice in July 2020. Choice has also expanded its geographic footprint to include home health and hospice care in Oklahoma.”
Trive’s investment in Choice is in partnership with Coltala Holdings, a DFW-based holding company focused on investing in U.S. businesses in healthcare, manufacturing, and business services.
Ralph Manning, co-founder and CEO of Coltala Holdings, concluded, “Trive and Coltala’s shared culture and values create a powerful partnership in helping support Choice’s continued growth, and we look forward to the opportunity to invest alongside the Choice team.”