TORONTO, Canada—Frontline Healthcare Partners, a private equity firm exclusively focused on investing in distributed health care businesses, announced that it has acquired Integracare Inc., a private-pay homecare company in Ontario, Canada.
Founded in 1990, Integracare is the sixth portfolio company investment made by Frontline. In keeping with their investment strategy, Frontline has acquired a controlling interest in Integracare and is partnering with Lee Grunberg, president & CEO, to continue to grow Integracare both organically and through an acquisition strategy.
"Integracare has a tremendous reputation as both a high-quality private pay homecare and award-winning employer in Canada," said Dennis Smith, co-founder and partner of Frontline. "We are excited to assist Integracare and its management team with its continued growth."
"We are thrilled to be joining the Frontline family," said Grunberg. "Frontline shares our values and believes in our mission to provide the highest quality of home care for our clients. We look forward to leveraging Frontline's knowledge and experience to expand our services and geographic presence and to continue our incredible growth."