A group of investors led by Zurich-based multi-family office Verium AG has acquired a substantial minority interest in senior care services provider Home Instead Holding AG of Switzerland. The Verium investors are providing new growth capital to the Swiss market leader in private non-medical senior care services. The funds are intended to be used for further expansions in Switzerland, such as establishing additional regional branches and selective acquisitions, in particular. The purpose of the capital increase is to solidify and continue to expand the leading position of Home Instead in Switzerland. Alexander Krebs, representing Verium, will join the Board of Directors of Home Instead Holding.
Home Instead Holding AG is the Swiss franchisee of U.S.-based Home Instead Inc. which provides private non-medical senior care services around the world. The Swiss franchise was established in 2007 by entrepreneur Paul Fritz and has grown very successfully since then. At the current time, as many as 19 franchise branches are committed to the wellbeing of senior citizens in Switzerland.
Home Instead is responding to the increasing need of elderly people to receive in-home care. The caregivers are providing vital professional day-to-day assistance and contribute to significantly enhance the quality of life of seniors. Home Instead’s services also support families in the care of their elderly relatives.
Dr. Alexander Krebs, Chairman and Partner at Verium, explains: "Home Instead and its staff are providing an extremely important and valuable service to society. They ensure that elderly people are well cared for and able to remain in their beloved home as long as possible. We at Verium believe in the services, professionalism, customer focus and corporate culture of Home Instead. They are a good match with our own values".
Paul Fritz, majority shareholder and CEO of Home Instead Holding AG comments: "We consider ourselves fortunate to have the support of Verium, an experienced partner in the continued development of medium-sized companies, to help us grow and protect the interests of Home Instead over the long term. Moreover, both Verium and Home Instead are committed to a business-based philosophy. The injection of growth capital enables us to explore additional regions to make it possible for seniors in large parts of Switzerland to enjoy our caregiving and daily in-home support services".
Dr. Matthias Huber, Chairman and Partner
Tel. +41 44 269 60 90 / Email email@example.com
Paul Fritz, CEO Tel. +41 61 855 60 50