Help at Home — a private equity-backed provider of home- and community-based care — has acquired Community Care Systems (CCS). Financial terms of the transaction were not disclosed.
Founded in the 1908s, the Illinois-based CCS will become part of the Help at Home network, adding 13 additional locations and nearly 6,000 new clients.
With nearly 170 locations in 13 different states, Chicago-based Help at Home is already a significant player in the home care industry. And its growth strategy will continue to be aggressive in the near term, President Tim O’Rourke told Home Health Care News.
“Right now, we don’t see barriers to growth. We only kind of see those opportunities,” O’Rourke said. “We’re just incredibly excited about the future of this business.”
Last month, Bloomberg News reported that Help at Home was seriously considering going public, and that it had even selected banks to help it prepare for an IPO later this year. The Centerbridge Partners and Vistria Group acquired Help at Home in November.
The in-home care provider has also recently made several key leadership appointments, including naming O’Rourke to his post last week. Help at Home’s new CEO, Chris Hocevar, took the helm in March.
Overall, the company employs about 30,000 caregivers and provides care to 67,000 patients across the U.S. It has a heavy presence in Illinois, Indiana and Pennsylvania, as well as in the Southeastern part of the country.
The company’s executives believe that CCS — a long-time provider of home care in the Illinois market — will complement its existing capabilities in the state well.
“We knew them really well. It was a great match of like-minded organizations,” O’Rourke said. “What we really believe is with community care, we’re actually better together.”
Help at Home is looking at taking the same strategy — building out a dominant footprint — in other states where it already has a large presence.
But that’s not the only kind of growth it’s honed in on. It’s open to all growth, which could mean expanding into new geographic areas as well.
“This supports our strategy of driving local market density and really wanting to be the employer of choice for caregivers, but also really the partner of choice for payers,” O’Rourke said. “Whether it’s in our existing markets, or looking at new geographies, we’re always evaluating growth opportunities.”
Based on the momentum in home-based care and Help at Home’s concerted efforts to grow its brand, it seems likely that more acquisitions will be on the horizon.
“We annually provide over 40 million hours of care to clients,” O’Rourke said. “With our strong organic growth engine, we’re excited about using those millions of hours to create even more meaningful moments and a difference in our clients’ lives. And we believe we can do that in many other geographies across the country.”
CSS was previously led by founders Frank and Bill Vala.
Help at Home was supported by Westcove Partners LLC and Ropes and Gray LLP in the transaction, while CCS was supported by Hinshaw & Culbertson LLP.
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