Waud Capital pursues home care platform 

CHICAGO – Waud Capital, whose investments in DME include PromptCare, has formed an executive partnership with Steve Jakubcanin to pursue a platform investment in the broader home care and post-acute services market. 

Waud expects to invest more than $100 million of equity capital to support the initiative. 

"We are thrilled to announce our partnership with Steve," said Kyle Lattner, principal of Waud Capital. "He has created value throughout his career and brings deep experience operating and scaling organizations across a variety of post-acute care settings and service offerings. Both the volume and scope of healthcare services being provided in a patient's place of residence are growing rapidly. In partnership with Steve, we believe there is an opportunity to build a market leading organization focused on delivering high quality care, in the most convenient setting for patients, while also lowering the total cost of care for payors."   

Most recently, Jakubcanin served as CEO of Cornerstone Healthcare Group, guiding the company through its recent sale to ScionHealth. Cornerstone is one of the leading operators of long-term acute care, senior living and behavioral healthcare facilities. Under his leadership, the company experienced transformative growth, expanding their service offerings from long-term acute care into skilled nursing, assisted living, behavioral healthcare, and rehabilitation services. Prior to Cornerstone, he held senior leadership roles at AccentCare and Kindred Healthcare, two nationally recognized providers of home care and post-acute care services. 

Waud’s prior investments include not only PromptCare (home infusion and durable medical equipment) but also Concierge Home Care (home health and primary care), Ivy Rehab Network (outpatient physical therapy), CarePoint Partners (home infusion), Acadia Healthcare (behavioral health), Regency Hospital Company (long-term acute care) and DS Medical (home medical supplies).