The firm received $71m in cash and could gain up to $4m more based on the home health, hospice and community services provider’s 2013 earnings.
Financial terms were not disclosed. Flexpoint says it usually invests between $20m and $300m for majority equity stakes.
IntegraCare operates 47 locations across Texas and currently has EBITDA of about $9m.
Flexpoint’s sale is subject to several regulatory approvals and other conditions to closing, and is expected to close by the end of the third quarter.
The firm was founded with a healthcare and financial services focus in 2005, and has grown to hold $1bn of assets under management.
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