Jan 23, 2019
Simplura Health Group Acquires Personal In-Home Services
Partnership Expands Growing Home Health Agency Network Into West Virginia
NEW YORK – January 23, 2019 – One Equity Partners (“OEP”), a leading middle market private equity firm, today announced that its portfolio company, Simplura Health Group (“Simplura”), a provider of high-quality residential care services for elderly and disabled populations, has completed the acquisition of Personal In-Home Services (“Personal In-Home” or “the Company”). With this acquisition, Simplura enters the West Virginia market and now operates in six states. Financial terms of the private transaction were not disclosed.
Founded in 1991, the Company provides a wide range of personal assistance to the elderly in West Virginia. Headquartered in Wheeling, West Virginia, Personal In-Home’s operating subsidiaries, Panhandle Support Services and Select Home Support, provide help with managing activities of daily living, such as bathing, dressing, eating, grooming and mobility.
“This transaction leverages our strengths to serve the elderly where the demand for high quality residential care is exceptionally strong,” said David Middleton, President and CEO of Simplura. “West Virginia’s senior population is expected to age at a faster rate than the rest of the U.S. and to grow substantially over the next two decades.”
“Simplura and Personal In-Home are both known for their exceptional caregiver professionals who enable their clients to experience a better quality of life,” said Greg Belinfanti, Senior Managing Director, OEP. “This acquisition is another successful strategic transaction that CEO David Middleton and his team have completed, now expanding Simplura’s geographic presence outside of New York, New Jersey, Florida, Pennsylvania and Massachusetts.”
Personal In-Home’s subsidiaries will continue to operate under their existing brands, out of the Company’s Wheeling headquarters, and its seven branch offices located throughout West Virginia will remain open and become part of Simplura’s operations.
“Simplura has an excellent reputation, and we look forward to partnering with a team who shares our focus on improving our clients’ well-being and quality of life,” said Mato Kret, President of Personal In-Home. “We are pleased to be joining the Simplura family, and look forward to benefitting from additional resources that ensure exceptional quality of care for our clients.”
Personal In-Home is the seventh acquisition Simplura has made under OEP’s ownership. Most recently, Simplura acquired Helping Hand in August 2018, following its purchase of the assets of Village Care in February 2016; Multicultural Home Care, including its Freedom Home Care brand, in December 2016; Independence Healthcare Corp. in August 2017; SarahCare of Jenkintown in February 2018; and Keystone In-Home Care in May 2018.
About One Equity Partners
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.
About Simplura Health Group
Simplura Health Group’s origins date back to 1955 when the founding organization – All Metro Health Care – began providing services in Long Island, NY. Since then, All Metro has expanded across the state of New York and acquired operations in Pennsylvania, Massachusetts, Florida and New Jersey to become one of the largest and most respected home care companies in the country. In 2018, these operations were brought together under the brand Simplura, in recognition that we are all Better Together as we continue to grow and expand our family of companies through future acquisitions. Simplura is one of the leading providers of home care services including assistance with activities of daily living and complex home nursing services. For more information, please visit www.simplura.com.
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