BelHealth Investment Partners LLC has acquired Richmond, Virginia-based Care Advantage Inc, a renowned provider of home healthcare and related services. No financial terms were revealed.
Established in the year of 1988 and headquartered in the Richmond, Virginia, Care Advantage is the leading provider of home healthcare and related services in the region of Virginia. The Company specializes in “one-on-one” quality nursing care in the home for both “unskilled care” and “skilled care” sufferers. The Company is greatest privately held home healthcare provider of Virginia, serving over 1,000 sufferers. Care Advantage was established in the year of 1988 by Deborah Johnston, a registered nurse, who grew the Company substantially over the last 3 decades and will serve as the Vice Chairwoman of company.
BelHealth’s investment thesis is to develop a regional, diversified home healthcare platform. In case to drive organic progress and increase referral volume, BelHealth will seek to pursue experienced executives and business development experts. Additionally, BelHealth will seek to add services that aren’t presently offered, like hospice services. Home healthcare is a highly-fragmented industry that yields various acquisition opportunities throughout the country. BelHealth will aggressively seek acquisitions in the regions of Virginia and contiguous states in case to expand the unskilled and skilled care geographic footprint of company.
BelHealth is also honored to declare the appointment of William Mayes, an experienced home healthcare industry Executive, as Chief Executive Officer. Mr. Mayes was most recently Executive Vice President of Sales and Operations at Intrepid Healthcare USA, a leading provider of home care, hospice and private duty services with eighty-four locations. Mr. Mayes also initially served as Senior Vice President of Business Development at Amedisys Inc., the country’s greatest provider of home healthcare services. Mr. Mayes led business development across forty-six states, which involved overseeing six Vice Presidents, 27 sales managers and 895 Account Executives.
Harold Blue, Founder and Managing Partner of BelHealth stated, “We’re thrilled to invest in Care Advantage and step into the highly-fragmented home healthcare market. Home healthcare will sustain to be the site of the lowest cost of care while giving the highest convenience and quality of care. We’re happy to welcome William Mayes, a highly-experienced home healthcare operator, to lead Care Advantage as CEO. William is the ideal person to build upon the terrific foundation that Debbie Johnston has developed at Care Advantage. We’re excited to partner with Debbie as she sustains with the Company as Vice Chairwoman.”
Deborah Johnston, Founder and Vice Chairwoman, further added “Provided their exclusive focus in the healthcare industry and broad network of relationships, BelHealth is the ideal partner for Care Advantage. Care Advantage is an entrepreneurial business that will benefit highly from BelHealth’s governance and experience in driving exponential progress and growth. I’m thrilled to start this next chapter and bring on William and the BelHealth team to take Care Advantage to the next level.”
William Mayes, Chief Executive Officer claimed, “I’m really excited to join Care Advantage as CEO. Debbie has developed an exceptional business that is poised to take benefit of the positive tailwinds in the home health industry. BelHealth is a terrific partner that comprehends the nuances of the healthcare industry and in specific, home healthcare. Care Advantage is the perfect platform in which to establish a leading, regional provider of home healthcare services.”
Your email address will not be published. Required fields are marked *
Nice post, Thank you for sharing valuable information. I enjoyed readi ...
Any study that compares opioids to other pain-relief medicines? ...
Hey, very nice site. I came across this on Google, and I am stoked tha ...
Thanks for the information. I attended it and it was nice to learn the ...
Oh my goodness! Awesome article dude! Thank you so much. Thanks!! ...
Aetna Announces The Completion of $1 Billion Bond Public Offering
Aetna Declares A Brighter Experience For Entire Members of Aetna Dental Team
Urgent care chain utilizes patient feedback to empower performance
Patrick Conway is quitting CMS to supervise BCBS North Carolina
Copyright© 2015 Healthcare insurance News All Right Reserved