Home Care Delivered, Inc.

Home Care Delivered, Inc.HCD Logo

 F.N.B. Capital Partners, L.P. (“FNBCP”) supported the recapitalization of Home Care Delivered, Inc. (“HCD”) through a subordinated debt investment.  Founded in 1996, HCD is a leading, direct-to-customer provider of home medical supplies to customers across the U.S., many of whom are enrollees under the federal Medicare or state Medicaid programs.  The Company offers a wide array of name-brand products across multiple chronic care categories, including incontinence, diabetes, ostomy, urology, erectile dysfunction, wound care, and oral nutritional.  More information can be found by visiting the Company’s website at www.hcd.com.

 

F.N.B. Capital Partners Announces
Fourth Investment in Newly Formed SBIC Fund

Pittsburgh, PA – December 6, 2013 – FNBCP is pleased to announce the successful closing of its fourth investment for its new SBIC fund, Home Care Delivered, Inc.  FNBCP supported the recapitalization through a mezzanine investment that provided liquidity to exiting shareholders and positioned the Company for future growth.

“We are extremely excited to enter into this partnership with HCD Management,” noted Stephen Gurgovits, Jr., Managing Partner of FNBCP.  “We believe the Company’s technology platform positions HCD advantageously in the marketplace, and we are excited about the growth prospects in the home medical supplies segment.”  Cohen & Grigsby and McGuire Woods served as FNBCP’s valued legal advisors on this transaction.  “In addition to our legal advisors, it was a pleasure working with HCD’s financial advisor, Marriott & Co. and partnering with the senior lender, Capital One” added Matthew Harnett, Partner of FNBCP.

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