Waud Capital Partners announced on March 21 the acquisition of Senior Helpers, one of the national leaders in home care and wellness offerings for seniors. Waud Capital is acquiring Senior Helpers from Illinois-based Advocate Health, the third-largest nonprofit health system in the nation.
Timonium, Maryland-based Senior Helpers operates through more than 380 franchised and corporate-owned locations that span 44 states, Canada and Australia. These locations provide seniors home care and wellness services, including meal planning, grocery shopping, medication reminders, transportation, companionship and assistance with personal hygiene. It also offers special programs for chronic neurological diseases, particularly Alzheimer’s and Parkinson’s.
Waud Capital Partners is a private equity firm that partners with management teams to acquire or create platforms in the lower middle market. It seeks to invest $50 million to $100 million, including follow-on investments.
Cain Brothers served as financial advisor to Waud Capital. Livingstone acted as financial advisor to Advocate Health and Senior Helpers. Terms of the transaction were not disclosed.
This marks Waud Capital’s seventh investment in the home care and post-acute space, alongside current investments in Concierge Home Care, PromptCare and Ivy Rehab, and prior investments in CarePoint Partners, Regency Hospital Company and DS Medical.
According to data captured in the LevinPro HC database, this transaction represents the 17th Home Health & Hospice (HH&H) transaction of 2024. There were 97 HH&H transactions announced during 2023, and 113 during 2022.
