InvestSouth acquires Interim Healthcare of Greenville, Inc.
January 9, 2018
InvestSouth , LLC of Greenville, SC, announced the acquisition of Interim HealthCare of Greenville, Inc. The effective date of the transaction was January 1, 2018. Interim HealthCare and Hospice has long been recognized as a trusted provider for individualized home care. Currently, the business provides a variety of services in home health, hospice and personal care across six upstate South Carolina counties.
Started by Ray Schroeder in 1979, Interim HealthCare and Hospice has been based in Greenville, SC, ever since. The company’s name now will evolve to become Interim Healthcare of the Upstate, reflecting the company’s geographic growth since its founding, while its local leadership will remain the same. Charyl Schroeder will continue to lead the company as CEO and member of the Board of Directors, and Ray Schroeder will serve as a consultant. According to Mike McBride, one of InvestSouth’s investors, “You could not hope to find higher quality people with whom to work on a transaction like this as we found in Ray and Charyl. We look forward to bringing additional resources and experience to help continue the legacy they created.”
“We believe that Interim HealthCare and Hospice has built their leadership position in the healthcare market by innovating, providing exceptional service and care, and maintaining strong relationships within the community they serve,” said InvestSouth Manager Chris Lupo. “We feel strongly in the value proposition of home health as the lowest-cost setting for providing many healthcare services and fulfilling people’s desires to be treated at home whenever possible. Having had a parent requiring personal care services and then Interim Hospice for the past year, I fully appreciate the need for these services and the difference it makes in peoples’ lives.”
About InvestSouth
InvestSouth, LLC, was formed in 2016. The group is comprised of four local families, some of which have significant experience in leading large healthcare companies based here in upstate South Carolina. InvestSouth is also involved in real estate investments, private equity, investment funds and now operating businesses.
The company will continue to be headquartered at 16 Hyland Road in Greenville, SC. For more information, please visit www.investsouthllc.com or www.interimcares.com.
