Alliance Care Assets Acquired
August 8, 2012
FOR IMMEDIATE RELEASE
WASHINGTON, DC--Capitol Partners, a middle market focused private equity firm, has announced the acquisition, through its CareSouth Health System platform company, of the key assets of Alliance Care, a provider of home health care, private duty and physician house call services. With the acquisition of these assets, CareSouth is further expanding its geographic reach in Florida and Texas.
Acquiring the key assets of this Boynton-based company and its extensive coverage area is consistent with the strategic growth efforts of CareSouth in 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 solidifying our already strong position in the southeast in general and Florida in particular."
“Our focus is on quality care and exceptional customer service by well trained professional employees,” said Rick Griffin, CareSouth Chief Executive Officer and President. “In the coming months we will quickly integrate CareSouth’s superior clinical programs and advanced technology into each agency. With these proven tools as our base, we will provide the communities we serve with the quality health care and superior outcomes they need and deserve, all in the comfort of their own homes."
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, hospice, outpatient wellness and rehabilitation, physician housecall services, and private duty nursing services through 55 locations in Alabama, Florida, Georgia, North Carolina, Tennessee, Texas, and Virginia. Its agencies consistently rank in Home Care Elite as being among the top 25 percent of home health care agencies in the nation. In 2011, 96 percent of CareSouth patients were served by Home Care Elite agencies.
For further information, contact Capitol Partners at 202.955.7960