One Equity Partners’ (OEP) portfolio company Simplura Health Group (Simplura), a provider of care services for elderly and disabled populations, has completed the acquisition of Helping Hand Home Health & Hospice Agency (Helping Hand).
Financial terms of the private transaction have not been disclosed.
Headquartered in Philadelphia, Helping Hand is an independent provider of non-medical home care services for seniors in the Philadelphia metropolitan area. The Company provides a wide range of services including personal care attendant services, home health services, hospice services and skilled nursing, among others.
“Helping Hand has an excellent reputation for delivering quality care to its clients across Philadelphia, Bucks, Montgomery, Delaware and Chester Counties,” says David Middleton, President and CEO of Simplura. “We are pleased to welcome Helping Hand to the Simplura family, and we look forward to continue building upon our service offerings together.”
Helping Hand will become part of CareGivers America, the brand name of Simplura’s Pennsylvania operations.
“This acquisition reflects the strong partnership between OEP and Simplura that has enabled us to identify attractive non-medical home care businesses to generate strategic growth in key geographic regions,” says Greg Belinfanti, Senior Managing Director at OEP. “We believe the resources of a larger, well capitalised operator such as Simplura will position Helping Hand for continued success in Philadelphia and surrounding counties.”
“We have always felt that leadership in the greater Philadelphia market would be a cornerstone of our strategy to build one of the largest and most well-respected home care agencies in Pennsylvania,” says Brad Coppens, Managing Director at OEP. “Together with CareGivers America, SarahCare of Jenkintown and Keystone, we have achieved that objective and we look forward to engaging with key stakeholders in the state as a united front to deliver value, quality care and superior outcomes to our managed care customers and their beneficiaries.”
“Simplura has a strong commitment to providing compassionate, quality care that aligns well with Helping Hand’s commitment to deliver consistent and excellent in-home care to our clients and their families,” says Artem Ustayev, CEO of Helping Hand. “We’re thrilled to join Simplura and continue giving every individual client the attention, care and respect they deserve.”
Helping Hand is the sixth acquisition Simplura has made during OEP’s ownership of the business. Simplura acquired the home care 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.
