Llcp Acquires Synergy Homecare, Poised For Growth

Levine Leichtman Capital Partners (LLCP) has acquired Synergy HomeCare.

Synergy, headquartered in Tempe, Arizona, offers many non-medical in-home services. These include personal care, companion care, and specialized care for individuals with physical or developmental disabilities, chronic health conditions or those recovering from illness or surgery. The company has more than 240 franchises operating in approximately 550 territories across 42 states.

The executive team, including CEO Charlie Young, will continue leading Synergy HomeCare.

“At Synergy HomeCare our mission is to create a world of care at home for all and our franchisees deliver on this promise every day for their caregivers and clients,” CEO Charlie Young told Home Health Care News. “For our franchisee partners, we are focused on helping them ‘do well, while doing good’ for the communities they serve.  The LLCP investment will help accelerate our efforts to deliver on these commitments, drive growth and be the company that people look to in home care for leadership and excellence in delivery of service.”  

This acquisition marks LLCP’s 17th investment in franchising, encompassing 31 brands. Previous investments have included in-home care concepts such as Senior Helpers and Caring Brands.

“Synergy is one of the fastest-growing nationally scaled franchisors in the in-home care industry, having led the sector in territory growth in recent years,” Greg Flaster, managing director at LLCP said in a statement. “With a wide array of non-medical in-home care services for patients and valuable tools provided to franchisees, we believe Synergy is uniquely positioned to benefit from the favorable trends in the industry. We are excited to capitalize on these opportunities and look forward to supporting the company in this next chapter of success.”

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