HouseWorks announced that it has acquired AccordCare’s personal care division in Connecticut, which operates under the brands Companions & Homemakers and Companions Forever. The deal will mark HouseWorks entry into Connecticut, and further expand its footprint in the Northeast.
AccordCare originally acquired Companions Forever in December of 2020, and then acquired Companions & Homemakers in October of 2022. The Companions & Homemakers and Companions Forever businesses are entirely driven by Medicaid home- and community-based services business.
Founded in 1998, HouseWorks provides in-home care services in Maine, Massachusetts, New Hampshire, New York, Pennsylvania, Tennessee and now Connecticut. Along with traditional home care services, HouseWorks helps clients with certain home modification needs. HouseWorks received a strategic equity investment from New York City-based private equity firm InTandem Capital Partners in January 2023.
As part of the deal, the local leadership teams at Companions & Homemakers and Companions Forever will remain in place. Both of those brand names will remain past the integration stage with HouseWorks. Moving forward, HouseWorks plans to implement some more back-office functions and IT support in its new Connecticut locations. It also plans to execute on more deals in 2024. Further terms of the deal were not disclosed.
“We’ve been watching this asset for the past three years,” said HouseWorks CEO Mike Trigilio. “Our main objective within our M&A growth strategy is to build out density and structure in the Northeast.”
According to data captured in the LevinPro HC database, this acquisition represents the 35th Home Health & Hospice deal of 2024. There were 99 HH&H deals announced during 2023, and 114 announced during 2022. This also marks HouseWorks’ eighth deal since 2021, and its fifth since InTandem started backing the company.
