Kinderhook Industries sells Trilogy Home Healthcare to CenterWell Home Health
May 1, 2023
New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today the sale of Trilogy Home Healthcare (“Trilogy” or the “Company”) to CenterWell Home Health (“CenterWell”). Financial terms were not disclosed.
Founded in 2016 and headquartered in West Palm Beach, FL, Trilogy is a leading Medicare-licensed home healthcare company, with eleven offices throughout the state of Florida. Trilogy was founded with the mission to become the premier home healthcare provider in its communities by focusing on the three key stakeholders in home health – patients, clinicians and physicians.
“I have truly enjoyed the partnership with Kinderhook and am proud of what we have accomplished together at Trilogy. Their support has been instrumental in helping the company achieve its growth and expansion goals,” said Dale Clift, Chief Executive Officer of Trilogy. “We are excited to partner with CenterWell to continue to deliver best-in-class care and improve outcomes for patients at home. I am confident that Trilogy will thrive under CenterWell’s ownership.”
“As the nation’s largest provider of home health services, CenterWell Home Health is committed to helping the patients we serve take more control of their health in the comfort of their homes,” said Andrew Agwunobi, President of Humana Home Solutions and CEO of CenterWell Home Health. “The acquisition of Trilogy Home Healthcare will allow us to serve more people in key markets throughout Florida – delivering on the promise of CenterWell’s integrated senior-care strategy to improve health outcomes across our CenterWell primary care, home health and pharmacy businesses.”
“Kinderhook is thrilled with this outcome for Trilogy, its management team and its employees,” said Chris Michalik, Managing Director at Kinderhook. “This result highlights Kinderhook’s approach of partnering with exceptional management teams and providing them with the resources to achieve outsized growth. We would like to thank Dale Clift, Jamie Hynes and the entire Trilogy team for their unwavering dedication to their patients and mission over the last six years. We wish the team well under CenterWell’s ownership and are excited to see their future growth.”
“Over the course of Kinderhook’s ownership, the Trilogy team completed nine add-on acquisitions and expanded its footprint to eleven offices,” said Louis Aurelio, Managing Director at Kinderhook. “These investments combined with a premier management team created the largest independent home health provider in Florida. CenterWell’s expansive footprint and commitment to growth will fit perfectly with Trilogy’s culture.”
Kirkland & Ellis LLP and Hogan Lovells LLP served as legal counsel and Edgemont Capital Partners acted as financial advisor to Kinderhook and Trilogy.
For additional information about this transaction, please contact:
Managing Director and Chief Administrative Officer