Miami, FL (PRWEB) December 1, 2007
Advance Home Care, Inc., a multi- disciplined home health agency based in Miami, has announced a new growth initiative in conjunction with the recent recapitalization of the company by Rock Creek Partners, a private equity investment firm based in Baltimore, Maryland.
Based in Miami, Florida, Advance Home Care, Inc. was founded in 1991 by Alex M. Fundora, as a provider of quality home health care services. Today, Advance Home Care, Inc. and Rock Creek Capital Partners have announced a new growth initiative to expand Advance Home Care, Inc. through additional acquisitions and development in several new geographic markets, not only in Florida but throughout the United States. The company recently acquired a home health agency in Michigan and has submitted bids for several agencies in other states.
"The new growth initiative represents the strong commitment and relationship that Advance Home Care, Inc. has with Rock Creek Capital Partners. Together, we are confident that Advance Home Care, Inc. can expand its home health services competitively not only in Florida, but in other markets throughout the United States," said Alex M. Fundora. Mr. Fundora is the Founder and President of Advance Home Care, Inc., and continues to be a significant equity owner of the company. There are several factors that will aid to the success of the newly developed growth strategy. In conjunction with these plans, Advance Home Care, Inc. will be expanding its staffing and marketing efforts. Through the expansion of its staff, specifically with the hiring of new Medical Directors, to continually improve the quality of the services we deliver, and the addition of several new Marketing Coordinators, Advance Home Care, Inc. foresees continued growth in service and revenues.
"We are very pleased to be working with Advance Home Care, Inc." said David O'Malley, Founder and Managing Partner of Rock Creek Capital Partners. "We believe that through the strong relationship and commitment with the staff at Advance Home Care, Inc., our goals and expectations with the new growth strategy will be achieved. Advance's strong commitment to providing quality services to its patients has, and will continue to be a driving force of the success and growth of the company in the future. Rock Creek looks forward to continuing its relationship with Advance Home Care, Inc. in providing the necessary capital to allow the company to meet its new corporate objectives."
About Advance Home Care, Inc.
Based in Miami, Advance Home Care, Inc. was founded in 1991 by Alex M. Fundora. The company is a multi- disciplined Home Health agency that can provide a wide array of Professional and Para- professional personnel to help treat and rehabilitate those in need of services in the comfort of their home. For more information on Advance Home Care, Inc., please visit http://www.advancehomecare.com.
About Rock Creek Capital Partners
Based in Baltimore, Rock Creek Capital Partners was founded in 2004 by David J. O'Malley. The private equity firm invests in growth oriented small and middle- market businesses with enterprise values between $5 million and $50 million. For more information on Rock Creek Capital Partners, please visit http://www.rockcreekholdings.com.
Advance Home Care, Inc.
7400 S.W. 50 Terrace, Suite 100
Miami, Florida 33155
Rock Creek Capital Partners, LLC
David J. O'Malley
1501 Sulgrave Avenue, Suite 300
Baltimore, Maryland 21209