Richmond, VA (June 7, 2024) – RiverGlade Capital (“RiverGlade”), a healthcare-focused private equity firm, has formed a new partnership with James River Home Health and Hospice (“James River” or the “Company”), a provider of home health and hospice care services. Terms of the transaction were not disclosed.
RiverGlade partnered with Shane Maley, James River’s founder and CEO, who started the Company in 2013 and will continue in his role as CEO. In addition, Stephanie Willis, who joined the Company in 2021, will remain in her role as President and COO. RiverGlade has also recruited Tim Boes to join the Company’s board of directors. Mr. Boes is a member of RiverGlade’s Executive Healthcare Advisory Council and is currently Chief Development Officer of Dynamic Access, a RiverGlade Capital, LP (“Fund I”) portfolio company.
James River provides care to patients in 64 counties throughout the state of Virginia. The Company has built a reputation for its high-quality clinical model, focus on complex patients, strong executive team, and technology enabled platform. Over the past several years, James River has invested in the people and software infrastructure needed to support organic and inorganic expansion through more de novos and tuck-in acquisitions throughout Virginia and neighboring states. These expansion opportunities have several synergy opportunities including adding hospice as a new service line, leveraging the Company’s referral relationships, and utilizing the Company’s established admission and staffing processes.
About James River
James River Home Health and Hospice is a provider of home health and hospice care services in Richmond, Virginia. James River was founded in 2013 and seeks to knowledgeably and compassionately meet the needs of its clients and their families by listening, planning, and delivering individualized home care of the highest quality. For more information, visit jamesriverhh.com and jamesriverhospice.com.
About RiverGlade Capital
RiverGlade Capital is a healthcare-focused private equity firm that invests in founder-owned, high-quality, differentiated businesses. RiverGlade partners with companies that have demonstrated strong organic growth and where value can be accelerated through human capital investments, operational improvements, strategic planning, and dynamic organic and inorganic growth initiatives. For more information, visit rivergladecapital.com.
