DALLAS – AccentCare Inc., a national leader in post-acute healthcare, is proud to announce it has acquired Southeastern Health Care at Home from Geneva Glen Capital. The two organizations will be moving forward together to solidify their role as the preferred post-acute provider for home health in Pennsylvania and Virginia.
In addition to its successful skilled home health business, Southeastern also provides palliative care, hospice, and mobile primary care service.
By adding the largest privately-owned provider of home health services in Pennsylvania to the AccentCare family, the transaction marks AccentCare’s move into the Greater Philadelphia home health market. AccentCare now has a significant presence in nine of the nation’s ten largest metropolitan areas.
“Both organizations have a long legacy of closely aligning with renown health systems and physician groups that seek coordinated, collaborative post-acute partners.” said Steve Rodgers, CEO, AccentCare, Inc. “We expect to bring our combined expertise and evidence-driven learnings to improve the home-based care continuum for families and providers across the Mid-Atlantic.”
AccentCare is recognized nationally for its innovation through quality metrics, cutting-edge care platforms and programs, integration of data, point-of-care technologies, and advanced telehealth and telemonitoring services to achieve the best possible outcomes for patients. Southeastern Health Care at Home’s 12 locations throughout southeast Pennsylvania and Virginia serves over 3,100 patients and will be a part of the AccentCare family serving over 200,000 patients in 31 states.
“With their reputation for quality and award-winning and talented employees, Southeastern Health Care at Home aligns perfectly with our values and mission to provide quality home health and hospice care to residents of Pennsylvania and Virginia. We are thrilled to have them join the AccentCare family,” said Rodgers. “With this acquisition, AccentCare is excited about the opportunities extended to us in not only the Philadelphia market, which is one of the largest home health markets in the country, but also the state of Virginia, where we have not had a presence until now.”
“From our earliest discussions with AccentCare leaders, it was clear we have a shared vision for providing exceptional care to our communities,” said Werner Freymann, who has served as Southeastern’s CEO. “We’re excited to advance home care as a member of the AccentCare family and what this means to the patients and families we serve.”
“As these two innovative organizations join forces and collaborate on future opportunities, we are committed to delivering the highest quality care to patients,” said Anita Messal, Chief Integration Officer, AccentCare, Inc. “This seamless transition allows care providers access to over 50 years of AccentCare experience.”
About AccentCare, Inc.
AccentCare, Inc. is a nationwide leader in post-acute healthcare, with innovative partnerships and care models covering the full continuum from personal, non-medical care to skilled nursing, rehabilitation, palliative care, hospice, and care management. Headquartered in Dallas, Texas, AccentCare has over 30,000 compassionate professionals in more than 250 locations, collectively serving over 200,000 individuals across 31 states. The company operates under regional brand names, including AccentCare, Alliance for Health, Gareda, Guardian, HRS, Seasons Hospice & Palliative Care, Sta-Home, Southeastern Health Care at Home, and Texas Home Health.
AccentCare has over 60 strategic partnerships with insurance companies, physician groups, and major health systems, including joint venture companies branded as AccentCare Asante Home Health, AccentCare Fairview, AccentCare UCLA Health, AccentCare UC San Diego Health at Home, and Texas Home Health Group, an affiliation with Baylor Scott & White Health.
Among its distinctions, AccentCare has a 4.5-star quality rating for legacy home health agencies, many of which have earned the HomeCare Elite distinction. All hospice and home health locations are CHAP- or Joint Commission-accredited, with designations from the We Honor Veterans program. The company’s approach to care, including proprietary RightPath® disease-specific programs, leads the industry in avoidance of unplanned re-hospitalizations, faster starts of care, and quality performance. Learn more at accentcare.com
About Southeastern Health Care at Home
Founded in 1987 by two registered nurses, Southeastern Home Health Services has grown from a single location in suburban Philadelphia to 12 locations across Pennsylvania and Virginia with services encompassing traditional home health, hospice, heart failure disease management, palliative care, wound care, lymphedema, geriatric care, gero-psychiatric, oncology, mobile primary care, and telehealth programs.
While SE’s service area, expertise, and use of technology have all expanded, its commitment to patients and employees has never changed. Today, Southeastern provides the most specialized clinical, medical, and therapeutic home health services in the region.
Everything SE does is focused on delivering the best care possible to its patients—its patients and their families deserve the best. SE’s programs consistently deliver the fastest transitions to home and the lowest readmission rates in the region. Learn more at sehomehealth.com
ABOUT GENEVA GLEN CAPITAL, LLC
Geneva Glen Capital is a Chicago-based private equity firm that invests in lower middle-market companies in the healthcare, consumer, business services, and manufacturing industries and targets companies headquartered in the U.S. or Canada with EBITDA between $3 million and $20 million. The firm works closely with its accomplished industry operating partners and incumbent management teams to establish and execute on a clearly defined value creation and growth plan.
The M&A market for healthcare companies continues to strengthen in 2021 and ahead of the projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
