Help at Home has a new CEO.
The home- and community-based services provider announced Monday that current board member Chris Hocevar has been appointed chief executive officer, effective immediately. Hocevar replaces Paul Mastrapa, who previously served as a consultant and as the leader of Option Care before taking over as Help at Home’s CEO in September 2018.
“I want to personally thank Paul for his committed leadership over these past few years,” Hocevar said in a statement. “Since joining Help at Home in 2018, he has built the company into the leading home health platform, growing our footprint from 133 locations to over 167 today.”
Hocevar declined an interview request from Home Health Care News.
Founded in 1975, the PE-backed Help at Home provides home- and community-based services across 12 states, with a particularly heavy concentration in the Midwest, plus the states of Alabama, Georgia, Mississippi, Pennsylvania and South Carolina. The Chicago-based company serves about 67,000 clients across its network.
The provider has a team of roughly 30,000 caregivers.
“I am honored to lead Help at Home and to work alongside this incredible team of caregivers and employees that have such a meaningful role in the lives of our individuals we serve,” Hocevar said. “It has been great being a part of this exceptional growth platform as a board member, and I am even more excited to take on the role as CEO to help bring high-quality chronic care management at home to more families.”
Hocevar takes the helm of Help at Home during a time of transition.
In November, Centerbridge Partners and The Vistria Group acquired Help at Home from Wellspring Capital Management, which remains a minority investor in the company.
Financial terms of that transaction were never disclosed, though early reports placed a deal between Help at Home, Vistria and Centerbridge at around $1.4 billion.
Additionally, in January, Help at Home executed a deal for The Adaptive Group, a home health, hospice and home care services provider that operates across the state of Indiana. Adaptive has 23 locations across the Hoosier State.
Hocevar’s health care experience includes 16 years at Cigna (NYSE: CI), where he served in several different executive leadership roles. Before Cigna, he worked in Deloitte Consulting’s global insurance practice.
The incoming CEO also actively serves as a senior health care advisor at Centerbridge, according to his LinkedIn profile.
Mastrapa will remain on the Help at Home board of directors.
In that role, the former CEO will “work with Hocevar to ensure a smooth leadership transition” and “actively support the company’s key strategic initiatives,” according to Monday’s announcement.
Over the past year, Mastrapa has been largely focused on supporting Help at Home’s caregivers during the COVID-19 pandemic.
Those efforts included the May launch of the Help at Home Cares Fund, a program created to make financial relief available for Help at Home caregivers and administrative team members. Help at Home said it was initially kickstarting the fund with a contribution of up to $1 million.
“Leading Help at Home has been a tremendous privilege,” Mastrapa said in a statement. “I am particularly proud of our mission-driven team and 30,000 caregivers, who in the past year have remained fiercely dedicated to providing critical services and in-home care to vulnerable populations.”