Hansen Hunter (“HH”) announced today that it has partnered with Water Street Healthcare Partners, a strategic investor dedicated to building market-leading businesses in healthcare, to advance its goals for growth. The new partnership provides HH with strategic resources and capital aimed at enhancing the company’s position as a premier provider of business office and technology services to post-acute care and senior living facilities.
As the number of Americans aged 75+ continues to rise, post-acute care and senior living organizations are facing systemic challenges, including labor shortages and increasing patient/resident acuity. Additionally, the intensifying regulatory environment, rising operational costs and shifting reimbursement model are compounding the amount of work required to operate their facilities. With Water Street’s support, HH plans to expand its specialized business office services, including reimbursement solutions, clinical consulting, compliance, reporting, accounting, auditing and tax management to assist facilities with these growing demands.
“Our clients are essential pillars in our healthcare system, caring for our country’s rapidly growing senior population. We are committed to doing everything in our power to support their unique and growing needs. Together with Water Street, we will invest in amplifying our suite of services and extending our national footprint to provide them with holistic support,” said Jeff Moore, shareholder, HH.
Lou McCollum, shareholder, HH, added, “We are looking forward to working with Water Street and complementary service providers that are interested in joining us to build a comprehensive offering that will help maximize facilities’ efficiency so they can dedicate their full attention to caring for their residents.”
About Water Street Healthcare Partners
Water Street Healthcare Partners is a strategic investor dedicated to building businesses in three critical healthcare sectors: medical products and diagnostics, pharmaceutical and life sciences, and healthcare services. The firm has completed more than 165 investments and acquisitions to build 45+ companies contributing to improved patient care, innovation, and a more efficient healthcare system. Working closely with leadership teams, Water Street contributes its industry experience and network of resources to support businesses’ growth objectives. Based in Chicago, Water Street’s team is a distinctive blend of highly experienced healthcare executives, investment professionals and functional specialists. For more information, visit waterstreet.com.
About Hansen Hunter (HH)
HH is dedicated to supporting post-acute care and senior living organizations with the growing administrative demands required to operate their facilities. Founded in 1979, the company specializes in business office and technology services, including reimbursement solutions, clinical consulting, compliance, reporting, accounting, auditing and tax management. Its team of certified public accountants, clinical professionals and support staff assist more than 1,500 senior care and living facilities across the United States. For more information, visit hhc-cpa.com.