Epic Health Services Inc, a portfolio company of Webster Capital, has closed its previously announced acquisition of the parent company and pediatric unit of Loving Care Agency. No financial terms were disclosed. Based in Hasbrouck Heights, New Jersey, LCA is a provider of pediatric and adult home health care services.
DALLAS, Feb. 18, 2015 /PRNewswire/ — Epic Health Services Inc., a portfolio company of Webster Capital and Dallas-based provider of pediatric skilled nursing and therapy, announced today the completion of its acquisition of the parent company and pediatric division of Loving Care Agency, Inc. (LCA), a provider of pediatric and adult home health care services based in Hasbrouck Heights, New Jersey.
The close of this transaction creates a leading pediatric health care company serving patients in 10 states, including Texas, Pennsylvania, Massachusetts, New Jersey, Missouri, Indiana, Delaware, Arizona, Illinois and Colorado.
“The opportunities created by the close of this acquisition allow us to do a better job serving our communities than we could do apart,” said Epic President and CEO Chris Roussos.
Currently, LCA’s pediatric division serves more than 1,500 patients in seven states, and Epic provides care to more than 6,000 patients throughout its service area.
“We’re excited about LCA’s integration into Epic because the resources and services they bring to the table allow us to better serve our patients and their families,” said LCA President and CEO Glen Cavallo.
Coincident with the close, the current LCA adult division will be spun off into a new operating entity separate from Epic Health Services.
About Loving Care Agency
Loving Care Agency, headquartered in Hasbrouck Heights, New Jersey, is one of the largest providers of pediatric homecare in the country, as well as the largest provider of home health aide services throughout New Jersey. Both of Loving Care’s service lines enable patients to remain in the comfort of their own homes and represent a more cost-effective alternative to facility-based care. Loving Care’s pediatric division provides skilled nursing services to medically fragile and complex children in their homes and schools. The home health aide division assists patients, most of whom are either elderly or disabled, with activities of daily living, such as bathing, dressing, walking and meal preparation. For further information, please visit www.lovingcareagency.com.
About Epic Health Services
Epic Health Services was founded in 2001 and has since become a leading national provider of pediatric skilled nursing and therapy services, as well as adult home health services. Services provided include skilled nursing, therapy, personal care and behavioral health nursing. Success in health care requires the delivery of exceptional care that meets the needs of patients, families, payers and society. By maintaining a focus on quality care and extraordinary customer service, Epic continues to grow and serve ever more patients. For further information, please visit www.epichealthservices.com.
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies. Webster provides more than just equity financing. The firm also brings operational expertise and a broad contact network to the companies with which it works. For additional information on Webster Capital, please visit www.webstercapital.com.