Nautic Partners, LLC announced today that it has completed the sale of All Metro Health Care Services, Inc. (All Metro) to private equity firm One Equity Partners (OEP). The terms of the transaction were not disclosed.
Headquartered in Valley Stream, NY, All Metro is a leading provider of home and community based services in New York, Pennsylvania, New Jersey and Florida. All Metro is a licensed home care agency providing primarily non-skilled personal care aide services, including light housekeeping, homemaking, bathing and grooming to seniors and high needs individuals. All Metro provides its services from 10 branches in New York, 17 branches in Pennsylvania, two branches in New Jersey and two branches in Florida. In addition to its non-skilled personal care aide services, All Metro is also a leading provider under two specialty home care waiver programs in New York. These waiver programs provide the necessary services required to allow nursing home eligible individuals and individuals with traumatic brain injuries to remain in community settings rather than nursing homes.
“We have greatly enjoyed our partnership with the outstanding management team at All Metro,” said Chris Crosby, Managing Director of Nautic. “During our ownership period, the Company continued its strong growth trajectory while maintaining its high focus on patient care. The successful acquisition of CareGivers America (CGA) expanded the Company’s footprint into Pennsylvania in a meaningful way and brought strong local management talent. We continue to believe that the home care market is well positioned to grow as a result of demographic trends and the fact that the home represents the lowest cost care setting and preferred location for seniors. Due to its scale and diversified business model, All Metro is also well positioned to continue to identify and integrate acquisitions to improve scale in its existing footprint, expand into new geographies and add new service capabilities.”