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IMC Bets On Healthcare With Right at Home Stake


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A Right at Home caregiver assisting a client.

RiseMark Brands, the parent company of Right at Home and IKOR, has a fresh infusion of capital now that Investors Management Corp. has invested in the Omaha-based senior care franchisor.

It is the first time Allen Hager, founder and executive chairman of RiseMark, has sought outside investment, and he and President and CEO Brian Petranick will remain in their current roles.

Plenty of parties were interested, said Burt Yarkin, managing director of The McLean Group, the investment banker on the deal. “Let’s just say it was a really competitive process with a great outcome,” Yarkin says, adding about Hager, “he had a lot of choices, and IMC with their experience and resources was a natural selection.”

The category as a whole is seeing heightened investor interest, with something of a gold rush emerging. “Investors are interested in franchised healthcare businesses,” Yarkin says, including those that hadn’t invested there before. IMC owns restaurant franchisor Golden Corral and sports retailer Fleet Feet Sports. This is its first healthcare brand.

“There’s so much waste in the healthcare system, that if these franchises are attacking these issues and providing services, I think we would have a significant amount of investors interested,” Yarkin says.

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
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Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
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