Professional Health Care Network Receives Majority Investment from The Vistria Group
Choate represented Professional Health Care Network (PHCN), a portfolio company of Serent Capital, in its majority investment from The Vistria Group. PHCN is a leading provider of home health care management solutions and care coordination that partners with health plans and providers to increase the access and value of home-based clinical care throughout the western U.S. Working in collaboration with major health plans and providers, PHCN has demonstrated a proven track record of providing greater access to home health care in the recovery stages, effectively reducing emergent and long-term institutionalization and improving the satisfaction and health outcomes of PHCN's over 950,000 supported lives. This investment will help PHCN expand access to home health services, accelerate the shift toward value-based care, and create a premier network of home health providers.