Lifematters Acquires Care Options, Creates Bigger Player in D.C. Market
Private pay home health provider Lifematters has acquired Care Options, a care management, home health care and support services provider, the companies announced Thursday. Financial terms of the transaction were not disclosed.
Washington, D.C.-based Lifematters expects the deal to improve and expand aging-in-place service options in Maryland, Washington, D.C. and Northern Virginia, according to a news release. Combined, the companies have 38 years of experience in care management and in-home care.
“Along with the nation, the greater D.C. Metro region’s population of seniors is rapidly growing, and therefore creating a critical need for more encompassing aging in place services,” Lifematters CEO Scott Thompson said in a prepared statement. “The acquisition of Care Options further enhances our ability to provide better and more comprehensive support for our senior clients and their families.”
As part of the transaction, which closed Feb. 21, Thompson assumed the role of CEO of Care Options. The Braff Group, led by Managing Director Mark Kulik, originated the transaction and served as Care Options’ exclusive mergers and acquisitions advisor. The founder of Care Options, Ann O’Neil, will remain involved through the transition period.
Lifematters had not responded to Home Health Care News’ request for further details as of press time.
“I couldn’t feel better about passing the baton of Care Options services to Scott Thompson and the entire Lifematters team,” O’Neil said. “They are a quality organization who share my passion for delivering best-in-class services to every person we serve.”
Lifematters was founded in 2005 and is considered the largest employer-based private pay home care company in the D.C. Metro area. It maintains a network of more than 1,300 caregivers, nurses and other professional staff. Care Options was founded in 1988 with the mission of providing independent living support services for aging and disabled adults in Northern Virginia. The company has specialized in providing individualized personal care solutions, support and resources.
Written by Kourtney Liepelt