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J.H. Whitney acquires PSA Healthcare

J.H. Whitney Capital Partners LLC has acquired Pediatric Services Holding Corp, the parent company of PSA Healthcare. No financial terms were disclosed. BMO Capital Markets Corp. served as financial advisor to PSA on the transaction. PSA is a provider of home care services for medically fragile children.


New Canaan, Connecticut (PRWEB) March 23, 2015

J.H. Whitney Capital Partners, LLC a leading middle-market private equity firm, announced today that it has acquired Pediatric Services Holding Corporation, the parent company of Pediatric Services of America, Inc., known as PSA Healthcare. Financial terms of the transaction were not disclosed.

PSA is a leading provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it developed over the Company’s 25 year history, PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of healthcare services, including home-based adult private duty nursing, 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.

“Through the efforts of our talented and dedicated employees, PSA has become a leader in providing quality home care services for medically fragile children and many others who we are privileged to serve,” said Eric Minkove, Chief Executive Officer of PSA. “We look forward to partnering with J.H. Whitney and believe that together we can further our mission to deliver the highest quality care to the families who need our services.”

“We are very excited to partner with PSA,” said Steve Rodgers, Managing Director at J.H. Whitney. “PSA’s committed corporate culture and track record of successfully providing quality, cost-effective home care services have positioned them as a leader in its industry.”

BMO Capital Markets Corp. acted as exclusive financial advisor and Debevoise & Plimpton LLP acted as legal advisor to PSA in connection with this transaction. Kirkland & Ellis LLP and Nixon Peabody LLP acted as legal advisors to J.H. Whitney in connection with this transaction. BMO Capital Markets Corp. acted as lead arranger in connection with the debt financing for the transaction.

About J.H. Whitney: 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

About PSA Healthcare: PSA Healthcare is a national home healthcare company managed predominantly by clinicians. Our services provide care for medically fragile individuals of all ages in the comfort of their homes. PSA Healthcare has more than 5,000 skilled caregivers, providing professional, high quality, private duty nursing to patients in over 65 locations serving 17 states. For more information, visit