Great Lakes Caring Home Health and Hospice Receives Strategic Investment from Blue Wolf Capital Partners

Lakes Caring Home Health and Hospice
(Great Lakes Caring) announced
today that Blue Wolf Capital Partners LLC (“Blue Wolf”) will be its new
equity partner, replacing Wellspring Capital Management, LLC, its
partner since 2014. Great Lakes Caring is one of the largest and highest
quality providers of in-home post-acute services in the United States.

William Deary, Chief Executive Officer of Great Lakes Caring, and his
management team will continue to lead Great Lakes Caring and have
maintained a significant equity stake in the company. Financial terms of
the transaction were not disclosed.

Great Lakes Caring, based in Jackson, Michigan, offers a broad range of
services within the continuum of in-home health care including home
health, hospice, home-based primary care, palliative care and private
duty services. The company was founded in 1994 by Cherilyn Deary, and
has built its business on a patient-centric commitment to superior
quality and innovation. Great Lakes Caring has become one of the highest
rated home health and hospice companies in the country, developing and
implementing its products and services throughout the Midwest. The
company employs more than 2,600 health care professionals in 25 offices,
providing superior quality home health care, hospice care, palliative
care as well as home-based primary care and private duty services to
more than 9,000 patients daily. In 2016, Fortune Magazine selected Great
Lakes Caring as one of the 20 Best Workplaces in Health Care in the
United States.

Adam Blumenthal, Managing Partner of Blue Wolf, said, “Great Lakes
Caring provides a unique opportunity to invest in a platform with
documented, industry-leading quality scores as well as a strong and
established brand. William Deary and Great Lakes Caring’s world-class
management team have a proven track record, and we are excited to
collaborate with them to further enhance the value of the business.”

Mr. Deary said, “The Home Health and Hospice industry is poised for
consolidation, and Great Lakes Caring will actively participate in this
consolidation as we evaluate acquisition opportunities and execute on
our internal initiatives. Blue Wolf believes we are an effective
platform for both organic and acquisition growth, and has a long track
record of supporting service-oriented companies by providing the
strategic and financial resources they need to build their businesses.
As we reach this next stage in the evolution of Great Lakes Caring, we
are very fortunate to welcome new partners who appreciate our success,
recognize our potential and are eager to help us reach our goals. The
future is very bright for our company and we look forward to continuing
to provide the highest level of health care for our patients and the
communities we serve.”

Jeremy Kogler, a Principal at Blue Wolf, said, “Great Lakes Caring is
well positioned in an attractive market where we expect demographic
trends to result in continued growth. This growth will continue to be
driven by the company’s longstanding relationships with physicians,
facilities and health systems, its quintessential commitment to superior
quality and innovative programs, its scalable infrastructure enabled by
next generation technology, and the team’s considerable experience
integrating businesses. We believe that these and other core strengths
will serve Great Lakes Caring very well as we pursue a range of
value-building initiatives, including strategic acquisitions.”

Adam Nielsen, President of Great Lakes Caring, said of the partnership:
“We are excited to have selected a partner that recognizes the vision
and responsibility we have to deliver a value-based a healthcare
solution to those we serve. Each of our employees is focused on
delivering value to those we come in contact with every day and we
believe that the partnership with Blue Wolf will continue to enhance and
build upon our vision.”

Greenberg, Traurig served as transaction and regulatory counsel to Blue
Wolf. KPMG Transaction Advisory Group provided finance, accounting and
tax advice.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that specializes
in control investments in middle market companies. Leading by
experience, and with a commitment to excellence, Blue Wolf transforms
companies strategically, operationally and collaboratively. Blue Wolf
manages challenging situations and complex relationships between
business, customers, employees, unions, and regulators to build value
for stakeholders. For additional information, please visits

About Great Lakes Caring Home Health and Hospice

Lakes Caring Home Health and Hospice
is one of the nation’s leading
providers of a coordinated continuum of health care, consisting of home
health, hospice care, palliative, and home-based primary care. Their
value-based health care services are delivered with an unparalleled
level of quality by a dedicated team of health care professionals. Great
Lakes Caring’s primary focus is to provide superior quality health care
to those they are honored to serve, utilizing state-of-the-art
technology and innovative processes which drive extraordinary patient
outcomes, lower un-necessary hospital re-admission rates resulting in
higher patient satisfaction at lower cost. Their commitment to
excellence is illustrated by investment in people, products and programs
that facilitate industry leading clinical outcomes. Great Lakes Caring
is resolute in their commitment to exceeding the expectations of the
physicians, facilities and hospitals that entrust their patients to
Great Lakes Caring and most importantly to exceeding the needs of the
patients who are their quintessential priority. For more information,
please visit
or contact William Deary,


Great Lakes Caring Home Health and Hospice
William Deary,