Webster Capital-backed Epic Health Services Inc has acquired Southfield, Michigan-based Pediatric Special Care, a provider of pediatric-focused nursing and home medical equipment. No financial terms were disclosed.
DALLAS, Aug. 1, 2016 /PRNewswire/ — Epic Health Services Inc., a portfolio company of Webster Capital and Dallas-based provider of pediatric skilled nursing, therapy, developmental, enteral and respiratory services, announced today that it has expanded into Michigan with the acquisition of Pediatric Special Care Inc. Based in Southfield, Michigan, Pediatric Special Care is the only pediatric-focused nursing and home medical equipment company in Michigan.
“As we move forward, this acquisition will give us the chance to grow private duty nursing and home medical equipment services to patients across Michigan, and we look forward to that opportunity,” said Chris Roussos, Epic president and CEO. “Our goal will continue to be providing the highest quality of care, and we’re excited to build upon the strong patient base and exceptional reputation that Pediatric Special Care has already created.”
Pediatric Special Care serves approximately 140 patients throughout the Detroit metropolitan area, including Oakland, Wayne and Macomb counties, bringing Epic’s total patient count to nearly 47,000. The acquisition increases Epic’s service territory to 18 states and adds 58 employees to Epic’s 17,000 team members.
The founders of Pediatric Special Care—husband and wife team Karen and Harry McKinney—plan to retire from the business.
“It was important to us to make sure our team and patients were in good hands, and we found the ideal match in Epic,” said Karen McKinney.
Going forward, the private duty nursing portion of Pediatric Special Care’s business—which makes up approximately 60 percent of the company’s services—will be rebranded to Epic Health Services. The remaining home medical equipment segment, which includes in-home ventilation, oxygen, enteral nutrition supplies and apnea monitors, will be rebranded to Epic Medical Solutions, a division of Epic Health Services.
“Epic will continue to deliver on our mission to provide the best and most comprehensive continuum of care to pediatric patients, and we’re thrilled that Pediatric Special Care is a part of that,” Roussos said.
About Pediatric Special Care
Founded in 1988, Pediatric Special Care is the only pediatric nursing and home medical equipment company in Michigan and one of the few in the entire United States. Pediatric Special Care provides private duty nursing services and a full range of high-tech medical equipment, including apnea monitors, to patients throughout the Detroit metropolitan area. Additionally, the company also has a complete inventory of supplies and hard-to-find baby formula. For more information, please visit pediatricspecialcare.com.
About Epic Health Services
Epic Health Services was founded in 2001 and has since become the leading national provider of pediatric skilled nursing, therapy, developmental services, and home medical solutions, including enteral nutrition, respiratory, pharmacy, and medical supplies. Epic also provides a spectrum of adult home health care services including skilled nursing, therapy, personal care, behavioral health nursing, enteral nutrition, and medical supplies. In 2015, the Epic Team, which is 17,000 strong today, served over 46,000 patients—helping patients to thrive, not merely survive. Success in health care requires the delivery of exceptional care that meets the needs of patients, families, payers, regulatory agencies, and society. By maintaining a focus on quality care, extraordinary customer service, and compliance, Epic continues to grow its pediatric continuum of care to serve even more patients across the United States.
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 with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com.