Care Advantage, headquartered in Richmond, has acquired Herndon-based National Home Healthcare.
It’s the 16th acquisition for Care Advantage since 2018 and the fourth skilled care company. Terms were not disclosed.
National Home Healthcare provides Medicare-certified, in-home skilled services.
“We have been looking to grow our skilled care presence in the Northern Virginia area for quite some time but wanted to find the right fit. National Home Healthcare carries very similar company values, and our company missions align nicely, which makes this a great addition to our team,” said Care Advantage CEO Tim Hanold in a statement.
Care Advantage has operations in Virginia, Maryland, Delaware and Washington, D.C.
The M&A market for healthcare companies continues to strengthen in 2022 with strategic corporate buyers and private equity investors. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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