CareSouth Acquires Family Care

CareSouth Health System, a privately-held healthcare company has acquired home health provider Family Care. Investment bank The Lenox Group advised on the transaction.

PRESS RELEASE

The Lenox Group advised Family Care, Inc. (“Family Care”) on its sale to CareSouth Health System, Inc (“CareSouth”). Family Care, headquartered in Richmond, VA, is a leading home health provider in the mid-Atlantic region offering elderly and disabled patients a full range of skilled and personal care. As one of the largest providers in Virginia with over 500 full-time and PRN staff, Family Care’s professional staff provides home care services including nursing, companion care, live-ins, physical, occupational and speech therapy.
CareSouth is the largest, privately-held home healthcare company in Georgia and is based in Augusta, GA. In addition to Georgia, CareSouth has 40 Medicare certified locations in Florida, Alabama, North Carolina, Tennessee, Texas and Virginia. CareSouth’s agencies provided home health care services to almost 20,000 patients in 2010.
The Lenox Group is an investment bank based in Atlanta that focuses on middle market transactions primarily for private, family-owned businesses. Our services include raising capital (debt and equity), M&A advisory and traditional corporate finance advisory, i.e. valuations and fairness opinions. Lenox is proud to have completed engagements representing over $1.5 Billion in transaction value.