Westcove Advises Help at Home in Acquisition of Community Care Systems, Inc.
LOS ANGELES, CA – July 28, 2021 – Westcove Partners LLC (“Westcove”), an emerging and highly specialized investment bank, announced that it acted as the exclusive financial advisor to Help at Home (“HAH”) in the acquisition of Community Care Systems (“CCS” or “the Company”). HAH, a leading U.S home care provider headquartered in Chicago, Illinois, operates locations across 13 states nationwide serving over 67,000 individuals. The terms of the transaction, which closed on July 8, 2021, were not disclosed. Westcove’s deal team included Justin Hand, Managing Director, Abe M’Bodj, Vice President, and Shan Chawla, Associate.
Community Care Systems, an experienced in-home provider since 1980, has been providing quality and cost-effective in-home services since inception. The Company employed over 2,700 field employees that served over 5,900 clients across 13 offices in Illinois prior to the close of the transaction. CCS’s home services provide support to those who request assistance or have a desire to remain in the familiarity of their own home. These services provide a viable alternative to living in a nursing home or long-term care facility. The Company’s home care aides have received specialized training in the provision of In-Home services.
Help at Home was established in 1975 and is a leading U.S. home care provider. HAH delivers premier home care services to over 67,000 individuals via 30,000 highly trained compassionate caregivers. With 169 offices located across 13 states, HAH is the largest provider of Medicaid home care services in every major state in which it operates, including Illinois, Pennsylvania, Indiana, Mississippi, Alabama and Missouri. HAH’s mission is to keep their clients living independently in their communities as long as possible. HAH is backed by private equity sponsors, Centerbridge Partners and The Vistria Group.
Tim O’Rourke, President of Home Care for HAH, stated the following, “We appreciated Westcove’s support on our acquisition of Community Care Systems. Their efforts to drive a well-managed process that created value for both sides enabled a successful outcome.”
Frank Vala, Founder of CCS, stated the following, “Community Care Systems is excited to have been acquired by HAH. With nearly 100 years of combined experience, the combined entity will continually strive to offer the best care for senior citizens, across the Midwest and beyond. We are grateful for all the help provided by our own advisors and Help at Home’s advisors, including Westcove Partners, during this transaction.”
Justin Hand, commented, “Westcove was thrilled to advise Help at Home, a leading platform in the home care industry on the acquisition of Community Care Systems. Help at Home’s thesis in the space, as well as strong vision, for the future of the industry served as a cornerstone of the transaction throughout the deal process. We strongly believe that the combined entity will continue to provide premiere services to in home care seekers throughout the current geography and beyond.”
About Community Care Systems
CCS’s services provide a viable alternative to living in a nursing home or long-term care facility. The Company provides in-home care services, adult day care services, and individualized care services. Through its emphasis on top-quality and specialized training, the Company prides itself on delivering a service that allows its customers to retain a sense of independency and promote the good health of its patrons.
About Help at Home
For more than 45 years Help at Home, a leading provider of high-quality relationship-based home care to seniors and persons with disabilities, has provided person-centered care that helps people remain in their homes. Headquartered in Chicago, Illinois, the company provides in-home, community-based care in 13 states in 169 locations with the help of 30,000 highly trained, compassionate caregivers who have relationships with 67,000 clients.
About Westcove Partners
Westcove Partners is a leading healthcare-focused investment bank that specializes in advising its clients through mergers & acquisitions, debt and equity financings, as well as other complex corporate finance transactions. The team focuses on founder operated businesses and seeks to curate its advisory services according to the intricacies that come with these types of businesses.