Private Equity firm Fortitude Investment Partners secures a majority stake in Aged Care Decisions
Aged Care Decisions is pleased and excited to announce that?Fortitude Investment Partners?(‘Fortitude’), an Australian based growth capital investor, has secured a majority stake in?Have A Voice Pty Ltd?which is the group holding company for?Aged Care Decisions,?Aged Care Reviews?and?Aged Care Pulse.??Fortitude has an extensive track record in growing significant businesses in both the health and technology space.
When we founded Aged Care Reviews seven years ago, we set out with a very sincere desire to bring value and assistance to Australian families seeking placement in residential aged care.
Since then, with the addition of our Aged Care Decisions and Aged Care Pulse businesses, we have grown from a simple review platform, to working with over 10 000 families per month through various facets of their journey in both Residential Aged Care and Home Care. In January 2023, we will be extending our service to families seeking NDIS support.
We are very proud of the work we have done to date and the wonderful feedback we constantly receive from the families we assist. Equally, we are also very proud of the close working relationships we have fostered with our Partner Providers, in both residential aged care and home care. These relationships continue to go from strength to strength, allowing us to better understand how to support Providers to increase occupancy and/or the number of home care clients.
We are very excited to be partnering with Fortitude for the next stage of our growth. The partnership will pave the way for a new level of sophistication and innovation, whilst accelerating the rollout of a number of initiatives already underway with a view to improving the value we bring to the families we assist and our Provider partners.
Having received significant interest in a competitive process overseen by our transaction advisors Deloitte, we selected Fortitude as a partner because of the clear alignment between us in relation to the future of the aged and home care industries, and their proven track record in scaling businesses in the healthcare, allied health and technology industries.
Partner at Fortitude, Nick Dignam, said that they were thrilled to be partnering with Andrew, Ken and the Have A Voice team.
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"Have a Voice has established itself as the market leading tech-enabled platform in the Aged Care sector, driven by a best-in-class product and service offering supported by a first-class culture.??We look forward to seeing the business continue to rapidly grow through continuing to improve its offering to families and Providers, as well as launching new products," Dignam said.
In the short term, our immediate priority is to build capacity and capability in our Provider Success department. This will see an investment in both people and technology to make Providers interaction with our team and our families not only simpler, but more effective.
Our longer-term view is to accelerate growth and keep innovating with solutions that directly address core business issues our Provider Partners are facing whilst making it easier for families to find a Home or a Home Care service they love.
Operationally, our team will remain the same. Nick Dignam and Sam O’Connor of Fortitude will sit on the Board, with Nick Dignam taking the role of Chairman.
About Fortitude Investment Partners
Fortitude Investment Partners is a private equity firm, specialising in growth capital investments in Australia and New Zealand. Fortitude is committed to building businesses for long-term sustainable growth through genuine partnership, strategic decision making, a network of experts and the provision of capital and resources. Fortitude has over $200 million funds under management and typically invests between $20 and $50 million in fast growing businesses.