WILLCARE, Acquires Patient’s Choice Homecare, LLC

[5/26/2009] WILLCARE, Acquires Patient’s Choice Homecare, LLC

 

BUFFALO, N.Y. – WILLCARE, in conjunction with local private equity fund manager Summer Street Capital, has acquired Patient’s Choice Homecare, LLC.  Patient’s Choice is a CT based leading regional home health care company with more than 250 associates providing skilled nursing, physical occupational and speech therapy, medical social work and home health aide services to nearly 1,000 patients through four branch offices located in Connecticut. 

 

“The acquisition of Patient’s Choice was a unique and exciting opportunity for WILLCARE” Summer Street Capital Partner’s Andrew L. Fors said.  “The Patient’s Choice organization has a strong cultural fit with WILLCARE, sharing patient and associate focused core values while operating in a contiguous geography.”

 

“We look forward to expanding our service offering to include the state of Connecticut, and are pleased to announce a partnership with an organization and management team that shares our vision and commitment to providing quality home health care and improving patient outcomes” ” explained Todd Brason.  “The acquisition of Patient’s Choice will help both organizations continue to grow and offer industry leading patient services while also providing for employment growth within the larger combined organization.”

 

Terms of the transaction were not disclosed, although Buffalo-based Summer Street uses its aggregate $300 million under management to make equity investments that typically range from $5 million to $30 million in companies with annual revenues of $20 million to $100 million. 

 

ABOUT WILLCARE
WILLCARE is an independent, proprietary home health care company providing skilled nursing, rehab therapy, paraprofessional and case management services.  With about 5600 patients, more than 1,1750 employees and 17 offices in the Upstate New York, the Hudson Valley region of New York, Northeast Ohio, and Connecticut, WILLCARE is a large, regional provider of home health services in the Northeast United States.  More information on the company, headquartered in Buffalo, N.Y., is available at www.willcare.com.



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