Plum Healthcare is a leading provider of post-acute care services in over 50 skilled nursing facilities containing more than 5,000 beds across Arizona, California, Nevada, and Utah. The majority of patients have recently been discharged from an acute-care setting (e.g., a hospital) and require comprehensive, transitional care to prepare them to return home. The programs that Plum provides can be grouped into five primary service offerings, including skilled nursing, rehabilitation, subacute care, home health and hospice

Investment Details

  • Investment Date: July 2006 to December 2012
  • Status: Realized
  • GI Role: Sole Investor

Value Creation Strategies

  • Talent Development: Strengthened the management team by adding President, CFO and Chief Human Capital Officer; created regional management
  • Organic Growth: Expanded into ancillary services through acquisitions of home health and hospice providers; implemented state-of-the-art IT system, enabling better decision making through tracking, analyzing, and responding to real-time data
  • M&A: Acquired, integrated, and turned around underperforming individual facilities and larger multi-facility operations successfully; more than quadrupled number of facilities from 11 to 50 in six years

Exit

GI Partners sold Plum Healthcare to Bay Bridge Capital Partners in December 2012.

Headquarters

San Marcos, CA

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