PSA Healthcare, which is backed by J.H. Whitney Capital Partners, has acquired Care Unlimited Inc, a provider of home care services to children in Pennsylvania. No financial terms were disclosed. Edge Healthcare Partners advised PSA on the transaction while The Braff Group advised Care Unlimited.
ATLANTA and PITTSBURGH, Feb. 8, 2016 /PRNewswire/ — PSA Healthcare (“PSA”), a portfolio company of J.H. Whitney Capital Partners and leading provider of pediatric home care for children with medical complexities, announced today that it has acquired Care Unlimited, Inc. and associated entities (collectively “Care Unlimited”), a leading provider of home care services to medically fragile children in Pennsylvania. Financial terms of the transaction, which closed on January 31, 2016, were not disclosed.
Founded in 1984 by Laurye Feller, Care Unlimited provides advanced home health and palliative care services to medically complex patients. Over the past 30 plus years, Care Unlimited has developed a strong reputation in the market for providing comprehensive home health services to patients requiring specialized medical care.
“Care Unlimited is a natural fit with PSA as we continue to expand and add density to our existing services areas,” said Rod Windley, Executive Chairman of PSA. “Both PSA and Care Unlimited share a true patient-centered approach with a consistent focus on providing the highest quality services to medically complex patients and their families in the most comfortable and cost effective setting – the patient’s own home.”
“We are excited to partner with PSA to further Care Unlimited’s mission of providing the highest level of service to our patients and their families,” said Laurye Feller, Founder and CEO of Care Unlimited. “We are impressed with the mark PSA is making in the pediatric home care sector and believe this relationship will create efficiencies, help expand our market presence, and improve the overall quality of our combined healthcare services to this fragile segment of the home care market.”
Edge Healthcare Partners served as PSA’s financial advisor. The Braff Group served as Care Unlimited’s strategic advisor.
Care Unlimited Inc.
Headquartered in Pittsburgh, Pennsylvania, Care Unlimited is one of the largest independent providers of pediatric home care services in the state, offering a range of services to patients with rare and complex medical conditions. Through additional offices in Erie and DuBois, Care Unlimited is licensed to provide services in 28 Western and Central Pennsylvania counties.
PSA is a leading national provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it has developed over the company’s 25 year history, PSA provides care to more than 3,200 patients across 17 states through over 70 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of pediatric healthcare services, including home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care. For more information, visit http://www.psahealthcare.com.
J.H. Whitney Capital Partners
Established in 1946 by the industrialist and philanthropist, John Hay “Jock” Whitney, J.H. Whitney was one of the first U.S. private equity firms and is often credited with pioneering the development of the private equity industry. Today, J.H. Whitney remains privately owned by its investing professionals and focuses on providing private equity capital to small and middle market companies with strong growth prospects in a number of industries including consumer, healthcare, specialty manufacturing and business services. For more information, visit http://www.whitney.com.