Mission Healthcare Secures Investment from HCAP Partners to Expand Music Therapy-Based Hospice Care

VCBeat (WeChat Official Account: vcbeat) has learned that HCAP Partners recently announced an investment in Mission Healthcare. The specific funding round and investment amount have not been disclosed. Mission Healthcare will use this investment to expand its business scale and scope.

Mission Healthcare is a Medicare-certified home health and hospice care provider, founded in 2009 by a group of clinicians and headquartered in San Diego, California. The company is dedicated to delivering high-quality care in home settings to meet patients’ clinical and emotional needs. Currently, Mission Healthcare employs over 600 staff across 10 locations in Southern California, primarily serving the entire Southern California region.

Mission Healthcare’s two primary business lines are home health care and hospice services.

Home health care primarily targets patients recovering at home after injury, surgery, or a disease diagnosis. The licensed clinical team at Mission Home Health collaborates with patients and their attending physicians to develop care plans tailored to each individual’s specific needs. Professional nursing staff implement these care plans in the home setting, monitor patient conditions, and maintain communication with physicians to ensure timely adjustments to treatment regimens. Additionally, home health care services include chronic disease management, medication management, and nutritional counseling.

Mission Hospice, part of Mission Healthcare, is one of the hospice providers accredited by the Community Health Accreditation Partner (CHAP). CHAP accreditation signifies that Mission Hospice meets the highest nationally recognized standards for hospice care. The company’s hospice services adopt a collaborative model, in which a team comprising physicians, nurses, social workers, home health aides, chaplains, therapists, and volunteers works together to care for hospice patients, with each member contributing expertise from their respective professional fields.

Meanwhile, Mission Healthcare also helps hospice patients and their families address psychological, emotional, and spiritual concerns. Music therapy is a unique therapeutic modality offered by Mission Hospice, in which therapists use instrumental and vocal activities to help patients and their families alleviate pain and anxiety, manage stress, and facilitate communication and emotional expression.

As a Medicare-certified agency, Mission Healthcare accepts Medicare, Medi-Cal, and private insurance.

Mission Healthcare, named one of “San Diego’s Top Workplaces 2018” by the San Diego Union-Tribune, adheres to the philosophy that “our employees are our greatest resource,” believing that delivering compassionate care to patients requires treating employees with the same principle. This philosophy aligns perfectly with HCAP Partners’ objective of “creating and sustaining high-quality jobs” within its portfolio companies.

“HCAP Partners has been a key partner supporting the growth of Mission Healthcare. We look forward to collaborating with their team as we enter our next phase of development,” said Paul Ver Hoeve II, CEO of Mission Healthcare. “As we continue to drive growth and focus on the quality of patient care, their value as a strategic resource will prove highly impactful.”

Nicolas Lope, Head of HCAP Partners, and Senior Associate Bhairvee Shavdia led the investment. Nicolas Lope commented, “Mission Healthcare is well-positioned for growth and holds significant advantages in expanding its home health and hospice care services. Under the leadership of new CEO Paul Ver Hoeve II, the company is poised to scale up its operations.”

It is understood that, through this investment, Mr. Lopez will join the board of directors of Mission Healthcare.

HCAP Partners, founded in 2000, is a California-based private equity firm that provides growth capital to lower middle-market companies in California and the western United States, and has been recognized as a leader in the emerging debt and equity fund space.

HCAP Partners’ investment team is led by partners Tim Bubnack and Frank Mora, along with principals Nicolas Lopez and Hope Mago. Since its inception, HCAP Partners has invested in more than 60 companies, primarily in the healthcare, software, services, and manufacturing sectors, with investment amounts ranging from $2 million to $10 million.

HCAP Partners helps portfolio companies optimize performance and enhance enterprise value, and has been named an “Impact Assets 50” fund for six consecutive years.

(Compiled by Wang Yi)