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Help At Home
Help At Home originated as a multi-state home care agency co-founded by CEO Joel Theisen and President Paul VerHage, growing to serve over 60,000 seniors...
Help At Home
Help At Home originated as a multi-state home care agency co-founded by CEO Joel Theisen and President Paul VerHage, growing to serve over 60,000 seniors across 11 states with a heavy concentration in Medicaid waiver programs. In 2020, the founders sold a majority stake to Centerbridge Partners in a transaction that valued the enterprise at roughly $1.4 billion (per Bloomberg, 2020), converting two decades of operational healthcare experience into liquid capital managed through the family office. The office deploys capital primarily across private equity, real estate, and healthcare services—asset classes directly adjacent to the founders' operating expertise. While the office does not publicly disclose a mandated allocation, its investment posture reflects a preference for direct deals and co-investments in middle-market healthcare companies, senior housing facilities, and Medicaid-reimbursed service providers. The geographic focus remains domestic, with an emphasis on the Midwest and Southeast corridors where the original operating company had its densest patient census. Team size and total deployment are not publicly disclosed. No adjacent philanthropic foundation or club membership is visible in the firm's public footprint. In March 2024, Help At Home's former operating entity secured a $115 million term loan to refinance existing debt (per Pitchbook Credit News, March 2024), a transaction that, while at the operating-company level, signals continued financial activity within the broader asset ecosystem the family office likely monitors. The structural differentiator is operational intimacy: the principals built the business, negotiated state-level Medicaid rate floors, and managed the caregiver workforce—a frontline perspective that separates their capital allocation logic from that of a generic allocator. Their office is, in effect, a concentrated re-investment vehicle for a liquidity event from a single industry, making it a pure-play healthcare services family office rather than a diversified multi-asset platform.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Sector focus
Frequently asked questions
What is the wealth origin behind Help At Home's family office?
The wealth originated from the 2020 sale of a majority stake in Help At Home, a large Medicaid home care provider, to Centerbridge Partners. The transaction valued the company at approximately $1.4 billion (per Bloomberg, 2020). Co-founders Joel Theisen and Paul VerHage led the business for two decades before the sale, and the family office was established to manage their resulting liquidity.
Who runs investment decisions at the Help At Home family office?
The office is closely held, and specific CIO or investment committee structures are not publicly documented. Based on the firm's track record and public record, founders Joel Theisen and Paul VerHage are the primary principals directing capital allocation, leveraging their direct operational experience in healthcare services.
Does the Help At Home family office still operate the home care business?
No. Help At Home's home care operating company was sold in 2020 and now operates under the majority ownership of Centerbridge Partners. The family office is a separate entity that manages the investment capital of the founders following that liquidity event.
What investment sectors does the family office focus on?
The investment focus is heavily concentrated in healthcare services, including senior living facilities and home care infrastructure, as well as related private equity and real estate opportunities. This reflects the founders' deep operational background in Medicaid-reimbursed care delivery across the US Midwest and Southeast.
Is the Help At Home family office open to co-investments?
The firm does not publicly solicit outside capital and operates as a single family office. Public record on the firm's posture toward co-investments alongside external GPs is limited, but its principals' network within the healthcare private equity community, including the 2020 Centerbridge deal, suggests a pattern of partnering with established sponsors on specific healthcare transactions.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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