Care Advantage Enters Two New States, Jet Health Moves into Hospice

Care Advantage expands into news states with acquisitions

Care Advantage Inc. has broadened its footprint in Washington, D.C., and expanded into Maryland and Delaware for the first time following two new acquisitions.

The private equity-backed personal care provider acquired Capital City Nurses and its sister company, Coastal Home Care, earlier this month.

Financial terms of the deal were not disclosed.

Richmond, Virginia-based Care Advantage has 24 locations throughout Virginia, Maryland, Delaware and D.C. The 51-year-old company was sold to the New York-based PE firm BelHealth Investment Partners in 2017.

The provider is led by CEO Tim Hanold, who says the acquisitions align with the company’s larger growth plans and culture.

“[Capital City Nurses and Coastal Home Care] fit into our thesis of being one of the largest home care providers in the Mid-Atlantic region,” Hanold told Home Health Care News. “Virginia is a place where we have had a legacy of success, so we built our geographic presence throughout the state, but this was a great opportunity for us to move north.”

Capital City Nurses is a Chevy Chase, Maryland-based personal care provider that operates six offices throughout Maryland, Virginia, Delaware and D.C. It maintains a staff of over 500 caregivers.

This deal marks Care Advantage’s largest acquisition ever.

“[This deal] creates a really large megaphone for our business development,” Hanold said. “It provides a larger network for the plugin for our marketing channels.

Jet Health moves into the hospice space

Jet Health Inc. has acquired Boise, Idaho-based First Choice Home Health and Hospice. The purchase marks Jet Health’s first move into the hospice arena and the Idaho market.

Financial terms of the deal were not disclosed.

Jet Health is an Irvine, California-based home health provider that offers skilled nursing care, therapy and personal care, in addition to other services.

The provider has locations in Fort Worth and Richardson, Texas; Albuquerque, New Mexico; Denver and Grand Junction, Colorado; and Boise, Idaho.

“This transaction with First Choice is strategic and significant for Jet Health in that it signals our entry into the hospice market and extends our home health offering into Idaho, one of the fastest-growing marketplaces in the U.S. today,” Jim Glynn, founder and CEO of Jet Health, said in a press release announcing the news.

First Choice co-founders Catherine Jerrems, Pat Toshcoff and Kara Craig will continue with the company, while co-founder Celeste Spencer will retire when the deal is completed.