Houlihan Lokey Advises LLR Partners

Houlihan Lokey is pleased to announce that LLR Partners (LLR) has made a strategic investment in AxisCare, a portfolio company of Frontier Growth (Frontier).

LLR is a lower-middle-market private equity firm focused on investing in software and tech-enabled companies within the knowledge economy. Founded in 1999 and headquartered in Philadelphia, LLR has raised over $7.5 billion across seven funds and has partnered with more than 130 companies. LLR believes in creating value through partnership by providing flexible capital, strategic guidance, and sector insight to help companies grow every day.

AxisCare is the leading all-in-one operating system for single and multi-location home care agencies, serving more than 4,000 providers across all 50 states and seven countries. Built for private pay, skilled care, IDD, Medicaid, and VA programs, AxisCare unifies scheduling, care delivery, compliance, billing, and revenue cycle management into a connected System of Action across every stage of care. Through automation, operational intelligence, and a suite of AI-powered capabilities, AxisCare helps agencies streamline operations, strengthen financial performance, accelerate growth, and stay focused on what matters most: delivering exceptional care in the home.

AxisCare has built a highly relevant solution for a large and growing home care market. LLR is partnering with the Frontier and AxisCare teams as the company continues to establish itself as a leader in the home care software market. “Today, we proudly support more than 4,000 agencies, supporting more than 50 million home visits and managing $8 billion in home care annually – and we’re just getting started. With LLR’s partnership alongside Frontier, we’re accelerating our vision to become the System of Action for home care – moving beyond record-keeping to an AI-powered platform that actively drives scheduling, compliance, and care decisions for our agencies every day,” said Todd Allen, CEO of AxisCare.

Frontier is a growth equity firm focused on partnering with domain experts who are transforming their industries with vertical SaaS solutions. Headquartered in Charlotte, North Carolina, Frontier brings a tailored approach and focused resources to help companies achieve market-leading scale and performance. As people-first investors, Frontier is passionate about supporting vertical SaaS companies through their growth journey to become vertical market leaders.

Houlihan Lokey served as the exclusive buyside advisor to LLR. This transaction illustrates the firm’s Healthcare Technology practice’s leadership position and represents the 19th transaction the team has advised on in the past 24 months, comprising more than $9.5 billion in aggregate enterprise value.

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