Riverside Continues to Live Its ‘Best Life’ with Latest Add-on Investment
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in a home health company in Greater Los Angeles. This is an add-on investment to Riverside’s Best Life Brands, LLC (BLB), a family of companies focused on the well-being of clients along the continuum of senior care. With plans to begin franchising the concept immediately, the acquisition also marks the company’s entry into home health franchising. The company will be rebranded with a new name in the coming months. This is BLB’s fourth brand and expands upon the company’s plan to help support and serve older adults and people with diverse needs.
Founded by registered nurses with over 20 years of experience, the home health company provides superior in-home nursing, therapy, and home care services. With a focus on compassionate care, the company offers a range of services from addressing basic needs to administering medication and monitoring serious illnesses.
“We are excited to continue the expansion of Best Life Brands,” said Riverside Managing Partner Loren Schlachet. “This investment is an important step for Best Life Brands, marking the company’s entry into home health franchising and we look forward to their continued success.”
Riverside’s investment in this home health company is the most recent example of the firm’s commitment to its Healthcare and Franchisor specializations. Riverside has invested in more than 160 healthcare companies and 30 franchised brands.
“We have devoted many years to offering in-home nursing, therapy and other home care services to seniors,” said J.J. Sorrenti, CEO of Best Life Brands. “We are proud of our work providing top-level senior care and look forward to further expanding our offering through this acquisition.”
Working with Schlachet on the investment for Riverside were Senior Partner Brian Sauer, Operating Partner Mark Eblin, Finance Director Tonya Zweier, and Assistant Vice President Joshua Smith. Riverside worked with the Best Life Brands team including CEO J.J. Sorrenti, CFO Hank Gretzinger, and CRO Sean Kajcienski. Managing Partner Jeremy Holland sourced the deal for Riverside.