CEO Michael Bailey hails the new investment as “exciting new chapter” for the Company
American Health Partners, headquartered in Franklin, Tennessee, today announced it has entered into a new ownership agreement to become a subsidiary of the Mitchell Family Office (MFO), a Michigan-based firm with significant investments in the health care sector. American Health Partners is now privately held and operates seven divisions across nine states that provide a continuum of health care services for adults and seniors. Terms of the transaction are confidential.
“This is an important step forward in the evolution of our company,” said Michael Bailey, chief executive officer of American Health Partners. “The past year has been challenging for everyone providing long term care and other health care services to seniors, though we’ve fared better than most. This ownership agreement presents an exciting opportunity for American Health Partners. MFO has the expertise and financial resources to build on our strong foundation, fund our strategic plan and enhance our ability to seize new growth opportunities.”
MFO, based in Birmingham, Michigan, has holdings in a variety of businesses and was founded by managing partner, Mark Mitchell, an experienced entrepreneur with a proven track record of building and growing successful health care companies. “We are very selective on where we choose to invest. With its full continuum of health care services, a strong management team and a growing Medicare Advantage business, we view American Health Partners as a company with tremendous growth opportunities,” Mitchell said. “We see ourselves as the bridge that helps high-potential companies go to the next level.”
The current executive team lead by Bailey along with chief operating officer, Robin Bradley and chief financial officer, Jeff Bogle is committed to remain in place to execute the Company’s strategic growth plans. “MFO is the right investment partner at the right time to move our business forward,” Bailey said.
“MFO supports our strategy, aligns with our values and shares our vision for the future of American Health Partners.”
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About American Health Partners
American Health Partners provides a continuum of health care services for adults and seniors, including long-term support for daily living, home health and hospice, and short-term care focused on recovery and rehabilitation. Operations in Tennessee, Alabama and Mississippi include 29 senior living, skilled nursing and rehabilitation centers; five psychiatric hospitals; home health and hospice offices serving 34 counties; and a long-term care pharmacy that serves more than 60 locations in three states. Two other divisions provide Institutional Special Needs Health Plans (ISNPs) and medical staffing in nursing homes in Georgia, Kansas, Mississippi, Missouri, Oklahoma, Utah, Texas and Tennessee. American Health Partners is based in Franklin, Tennessee. For more information, visit AmHealthPartners.com or call (615) 902-5200.