Buyer: Bain Capital Private Equity
Seller: Epic Health Services
Sector: Home Health, Medical Supply
Epic Health Services has agreed to be acquired by Bain Capital Private Equity. Epic Health Services offers a full continuum of home health services, including private duty nursing, enteral nutrition, medical supplies and behavioral health services for medically fragile children.
“Because of advances in technology and health care delivery, home health care has become a preferred alternative to remaining in a health care facility for children facing difficult health obstacles and their families,” said Chris Roussos, president and CEO of Epic Health Services. “Epic Health Services enables these children to receive high-quality care in the comfort of their own homes while supporting their families and helping create an environment of normalcy in the home.
Epic Health Services has been building a national presence through acquisitions, including the October 2015 buy of Houston-based Medco and the September 2015 buy of Option 1 Healthcare Solutions. The provider, which was founded in 2001, now serves 21 states. Roussos and the current management team will continue to lead Epic Health Services, which was previously owned by Webster Capital. Terms of the deal, expected to close in the first quarter of 2017, were not disclosed.