Elm Creek Partners Acquires The Care Group of Texas
Dallas, TX – December 2, 2014 -- Elm Creek Partners (“Elm Creek”) is pleased to announce the acquisition of The Care Group of Texas (“The Care Group”), one of the largest providers of in-home, pediatric respiratory therapy and enteral feeding services and supplies in the greater Houston, Texas market.
The Care Group is committed to providing outstanding services to all of its customers while simultaneously exploring opportunities for growth through geographic expansion and additional services. Elm Creek has additional committed equity capital to support the company’s future initiatives.
Commensurate with the transaction, Elm Creek retained Roy Spradlin as chief executive officer. Mr. Spradlin is the former CEO of Senior PsychCare and U.S. Physical Therapy. He brings over thirty years of healthcare industry experience to the company and has an extensive track record of successfully growing and developing various healthcare related businesses.
Bowside Capital, 747 Capital and Mr. Spradlin invested in The Care Group alongside Elm Creek. Tangent Capital Partners was the exclusive advisor to the sellers in the transaction.