Family Care Acquired

November 1, 2011


WASHINGTON, DC--Capitol Partners, a middle market focused private equity firm, has announced the acquisition, through its CareSouth Health System platform company, of Family Care, Incorporated of Virginia. The acquisition marks the third CareSouth home health agency in Virginia and is a component of the company’s strategic plan of growth through acquisition and development. With the acquisition of Family Care, a large provider of personal care services, CareSouth is also adding a new line of business to its portfolio of health care services.

Acquiring this Richmond, Virginia-based homecare agency is consistent with the strategic growth efforts of CareSouth in Virginia and the southeast. According to T.J. Jubeir, managing partner of the private equity firm,"This acquisition continues to build upon our established homecare foundation, further extends our service offering into perosnal care, and further solidifies our already strong position in the southeast in general and Virginia in particular." The acquisition extends CareSouth's footprint in the Virginia home health market as well as expands its service offerings to include private duty/personal care.

Famil Care is a Medicare certified provider of home health and personal care services with locations in Richmond and Colonial Heights, Virginia. The company will keep its Family Care name and retain its employees.

“Private duty is something new for CareSouth,” said CareSouth President and CEO Rick Griffin. “As we move forward with Family Care, we anticipate expanding this line across the CareSouth service area and into other markets, as well. Family Care has a solid reputation in the health care industry, delivering quality, dependable service to their patients since 1983. Their strength is in their people and we are very excited to have them in our family. Bonnie has led the team well in the more than 23 years she has been with Family Care. We are thrilled that she has agreed to stay to lead the expansion of personal care operations.”

“This is a strengthening move,” said Family Care CEO Bonnie Gordon. “It is a partnership that will ultimately give Family Care the resources and agility of a larger corporation while retaining the attributes that make us unique.”

Family Care, Inc., is one of the largest providers of home health care services in Central Virginia. The company offers a full range of home care services including skilled nursing, physical therapy, occupational therapy, speech language pathology, social worker services, home health aides, live-in services and private duty/personal care aides. It employs more than 500 full-time and PRN staff.

CareSouth is one of the country’s largest providers of home health care services. Headquartered in Augusta, Georgia, the company operates Medicare certified home health agencies with now 40 locations in the states of Alabama, Florida, Georgia, North Carolina, Tennessee, Texas, and Virginia.

For further information, contact Capitol Partners at 202.955.7960.


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