CareFinders expands footprint
Home health agency CareFinders recently announced that it has completed its acquisition of DanielCare Caring Choice, a Stamford, Connecticut-based provider of personal home care services.
The financial terms of the deal were not disclosed.
Founded in 1995, Hackensack, New Jersey-based CareFinders provides home health care services to more than 8,500 patients throughout New Jersey and Connecticut. It has 22 offices in total.
DanielCare Caring Choice provides private-duty in-home care, companion and homemaker services on an hourly or live-in basis, serving Fairfield County, Connecticut.
The acquisition expands the company’s footprint in Connecticut and fits into its larger growth and expansion strategy.
Additionally, Daniel Kraus, the founder of DanielCare, will become the executive director of CareFinders CT.
“DanielCare has shown enviable growth and maintains an impeccable reputation for highly personal, hands-on, ‘high touch’ care,” Jim Robinson, CEO of CareFinders, said in a press release. “With the expanded footprint in Connecticut, this acquisition takes us one step closer to our goal of becoming the [No. 1 home care services] company in the Northeast.”
SkyKnight Capital invests in AeroCare
San Francisco-based private equity firm SkyKnight Capital has reportedly made an investment into AeroCare Holdings Inc.
This marks the sixth investment from SkyKnight Capital.
AeroCare is an Orlando, Florida-based company that has more than 260 locations across the U.S. As a company, AeroCare provides oxygen, respiratory, sleep and other chronic therapy services to over 500,000 patients in the home.
“Since founding the company, we have always strived to build a scalable, highly efficient, and technology-enabled platform that can drive better service to both patients and physicians,” Steve Griggs, CEO of AeroCare, said in a press release. “SkyKnight’s partnership and support will enable AeroCare to continue executing against this vision and will help us unlock continued organic growth and acquisition capacity for years to come.”
As part of the transaction, AeroCare’s management and existing shareholders will remain invested.
Windward Life Care launches home health arm
Windward Life Care has launched Windward Home Health, a state-licensed home health agency.
The company will operate as a wholly-owned subsidiary of Windward Life Care.
Windward Life Care is a San Diego-based independent care management company that serves over 2,000 older and disabled adults.
The services of the newly launched Windward Home Health will include RN case management, medication management, private-duty LVN care, chronic disease management, post-operative care, ostomy and colostomy care, G-tube feeding and injections.
“By adding licensed home health care and skilled nursing to the many services we provide, we can more fully meet the needs of our clients who prefer to live in their own homes, protecting their health and safety while optimizing their quality of life,” Susan Valoff, vice president of Windward Life Care and Windward Home Health’s administrator, said in a press release.
The move marks Windward Life Care’s second major expansion in the past two years. In 2017, the company acquired Lifeline Care at Home, a San Diego-based senior home care organization.