Flexpoint Ford Announces the Sale of Its Stake in Home Solutions Holdings, LLC

Flexpoint Ford Announces the Sale of Its Stake in Home Solutions Holdings, LLC

PR Newswire

CHICAGO, Oct. 15, 2012 /PRNewswire/ — Flexpoint Ford, LLC (“Flexpoint”), a private equity firm focused on the healthcare and financial services sectors, announced the sale of its majority stake in Home Solutions Holdings, LLC (“Home Solutions” or the “Company”) to an affiliate of KRG Capital Partners, as part of a recapitalization of the Company. Terms of the transaction were not disclosed.

Based in Northfield, NJ, Home Solutions is the leading independent provider of specialty infusion pharmacy services. Flexpoint acquired an interest in the Company in 2007.

“We have had an incredible partnership with Home Solutions over the past five years,” said Ethan Budin, a Senior Principal at Flexpoint. “Todd Timbrook and his team have driven strong growth in the business, increasing from three locations to nine through both organic growth and acquisitions, and increasing revenue nearly three-fold through the tenure of our investment.”

Todd Timbrook, who will continue as CEO of Home Solutions, said, “We are enthusiastic about the next stage of growth for Home Solutions, and we are very appreciative for the partnership that we have had with Flexpoint. Flexpoint has provided outstanding guidance and support to help us arrive at this point.”

“We identified the home infusion pharmacy market as an area of interest several years before we made our investment in Home Solutions,” added Jonathan Oka, a Vice President at Flexpoint. “Our core strategy of networking in industry segments of interest to find outstanding management teams led us to the Company, and to a successful investing partnership. We wish Todd and the rest of the Home Solutions team much success as they continue to grow the business.”

Cain Brothers acted as financial adviser to Home Solutions in connection with the transaction. Kirkland & Ellis and Epstein Becker Green provided legal counsel to the Company.

About Flexpoint Ford, LLC

Flexpoint Ford, LLC is a private equity firm dedicated to the healthcare and financial services sectors. Flexpoint seeks to build relationships with executives and companies who look for Flexpoint to be a value-added partner. Flexpoint manages approximately $1 billion in committed capital on behalf of its limited partners. More information about Flexpoint is available at www.flexpointford.com.

About Home Solutions

Home Solutions is a leading specialty infusion provider servicing patients throughout the Northeastern and Mid-Atlantic regions of the U.S. The Company employs over 400 individuals who embody clinical excellence, compassion and professionalism. Home Solutions is Joint Commission accredited and provides a full range of infusion and specialty services in the home and alternate setting. Our commitment is to put the patient first in delivering a quality service while offering cost effective solutions to various industry stakeholders such as physicians, hospitals, managed care payors, and governmental agencies. InfuLink, the Company’s proprietary web monitoring tool, shares data with healthcare providers to help optimize clinical outcomes. More information about Home Solutions is available at www.infusioncare.com.

CONTACT: Ethan Budin, +1-312-327-4520

SOURCE Flexpoint Ford, LLC

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