Waud Capital Partners has announced the acquisition of MedTec Healthcare, a provider of in-home care and adult day services. This acquisition represents a significant milestone in Waud Capital’s strategy to build a platform in home-based care services through its newly formed holding company, Altocare.
MedTec Healthcare provides culturally and linguistically tailored in-home care services designed to help clients maintain their independence. The company also operates adult day centers offering transportation, meals and engaging activities for seniors.
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.
MedTec will join Senior Helpers under the Altocare umbrella, creating a comprehensive home care platform that focuses on serving private-pay and Medicaid-supported clients. As part of the acquisition, MedTec Healthcare and Senior Helpers will continue to operate under their existing brands and leadership. Steve Jakubcanin, Executive Partner at Waud Capital, will serve as Altocare’s Executive Chairman. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 35th Home Health & Hospice (HH&H) transaction announced in 2025. There were 96 HH&H deals announced during full year (FY) 2024, 100 announced during FY 2023 and 115 announced during FY 2022.
