Tuesday, February 09, 2016
PSA Healthcare, a portfolio company of J.H. Whitney Capital Partners and leading provider of pediatric home care for children with medical complexities, announced today that it has acquired Care Unlimited, Inc. and associated entities (collectively "Care Unlimited"), a leading provider of home care services to medically fragile children in Pennsylvania. Financial terms of the transaction, which closed on January 31, 2016, were not disclosed.
Founded in 1984 by Laurye Feller, Care Unlimited provides advanced home health and palliative care services to medically complex patients. Over the past 30 plus years, Care Unlimited has developed a strong reputation in the market for providing comprehensive home health services to patients requiring specialized medical care.
"Care Unlimited is a natural fit with PSA as we continue to expand and add density to our existing services areas," said Rod Windley, Executive Chairman of PSA. "Both PSA and Care Unlimited share a true patient-centered approach with a consistent focus on providing the highest quality services to medically complex patients and their families in the most comfortable and cost effective setting – the patient's own home."
"We are excited to partner with PSA to further Care Unlimited's mission of providing the highest level of service to our patients and their families," said Laurye Feller, Founder and CEO of Care Unlimited. "We are impressed with the mark PSA is making in the pediatric home care sector and believe this relationship will create efficiencies, help expand our market presence, and improve the overall quality of our combined healthcare services to this fragile segment of the home care market."
Edge Healthcare Partners served as PSA's financial advisor. The Braff Group served as Care Unlimited's strategic advisor.
finance.yahoo.com
