Charter Oak Equity, LP, a private equity firm headquartered in Westport CT, is pleased to announce the launch of CareGivers of America Holdings (“CGA”), a newly formed home health platform. CGA’s initial subsidiaries include four separate nurse registries providing home health aide referral services and two home health agencies offering skilled nursing and therapies. CGA’s companies currently serve over 750 patients and clients in South Florida.
Headquartered in Boca Raton, FL, CGA’s constituent companies have been catering to the short- and long-term home health needs of families and individuals in their communities for over 30 years. CGA’s companies can work with Medicare and Long-Term Care Insurance, as well as direct private pay and other third-party payors to maximize and optimize care for any budget.
CGA will be led by Lisa Kaufman, founder of Boca Home Care, one of CGA’s constituent companies. Ms. Kaufman is the President of the Florida Chapter of the Private Care Association, a leading industry lobbying group, and the president-elect of the national board of the PCA.
Kaufman expressed her excitement regarding the partnership with Charter Oak, stating, “The demographics of South Florida have created an unmatched demand for senior home care. Our constituents’ experiences with COVID-19 have underscored individuals’ preference for aging with dignity and independence in their own homes. With the support of Charter Oak, we are able to expand our offerings and better match highly experienced caregivers with the unique needs and preferences of our clients.”
CGA’s other brands include CareGivers of America, RN Homecare Services and Florida First Senior Home Care. More information about each company can be found on their respective websites.
Mark Ullman, Charter Oak Managing Partner, remarked, “Studies have repeatedly shown that home care better meets the needs and preferences of an aging population at an overall lower cost to the healthcare system. Whether a patient needs short-term, acute care following hospitalization or assistance with daily tasks that will help them maintain their independence in the longer term and particularly as those needs evolve over time, CGA aims to provide a complete solution to any client entering its orbit of care. By sharing best practices across subsidiary companies, CGA can offer an even better client experience than any of its individual constituent companies could do alone. We look forward to finding additional nurse registries and home health agencies in the South Florida market to add to our family of brands.”
As we approach the New Year, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
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