M&A Deal Summary

Care Advantage Acquires Stay at Home Personal Care

On May 9, 2017, Care Advantage acquired consumer services company Stay at Home Personal Care from Commonwealth Senior Living

Acquisition Highlights
  • This is Care Advantage’s 1st transaction in the Consumer Services sector.
  • This is Care Advantage’s 1st transaction in the United States.
  • This is Care Advantage’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-05-09
Target Stay at Home Personal Care
Sector Consumer Services
Buyer(s) Care Advantage
Sellers(s) Commonwealth Senior Living
Deal Type Divestiture

Target

Stay at Home Personal Care

Charlottesville, Virginia, United States
Stay at Home currently operates three locations in Norfolk, Hampton and Christiansburg that provide inhome non-skilled personal care services. The acquisition strengthens Care Advantage’s presence in the Tidewater area in Southeastern Virginia and adds six new counties of coverage. Additionally, there are twelve counties where Care Advantage and Stay at Home have overlapping coverage.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Care Advantage

Richmond, Virginia, United States
Category Company
Founded 1988
Sector Healthcare Services
DESCRIPTION

Care Advantage is a provider of home healthcare and related services in Virginia. The Company specializes in “one-on-one” quality nursing care in the home for both “unskilled care” and “skilled care” patients. Care Advantage was founded in 1988 and is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 8
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 5
Country (United States) 1 of 8
Year (2017) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Care Solutions of Tidewater

Hampton, Virginia, United States

Care Solutions of Tidewater LLC is a provider of non-skilled personal care services in the home primarily for private pay patients. Care Solutions of Tidewater is based in Hampton, Virginia.

Buy -

Seller(S) 1

SELLER

Commonwealth Senior Living

Charlottesville, Virginia, United States
Category Company
Founded 2002
Sector Consumer Services
DESCRIPTION

Commonwealth Senior Living is a provider of quality care to elderly population in a non-institutional, home-like atmosphere. Company provide these services with the dignity, respect and compassion residents expect and deserve.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

Product

Company

Legal