AHC (www.associatedhomecare.com) headquartered in North Andover, Massachusetts, is the leading provider of Medicaid-funded private-duty home health aide services in Massachusetts. AHC has developed a proprietary technology backbone (scheduling and information system) that provides for the efficient management of the daily interaction of its 1,500 caregivers, 5,000 clients and its 40+ payer contract vehicles. Founded in 1991, AHC is known for its high level of client care and has grown organically and through 6 acquisitions. The Company currently operates 12 regional offices and has annualized revenue of approximately $40 million.
Amedisys, Inc. (www.amedisys.com) is a “health care at home” company delivering personalized home health and hospice care to more than 360,000 patients each year. Amedisys is focused on delivering the care that is best for its patients, whether that is home-based recovery and rehabilitation after an operation or injury, care focused on empowering them to manage a chronic disease, palliative care for those with a terminal illness, or hospice care at the end of life.
Associated Home Care, Inc. (“AHC” or “the Company”) announced that it has been acquired by Amedisys, Inc. (NASDAQ:AMED). This acquisition connects the leading home health aide business in Massachusetts with a national home health leader in Medicare-certified skilled nursing and hospice. This transaction is the successful culmination of an initiative led by Bigelow LLC on behalf of AHC to proactively seek out the best new owner for the Company.
“We are very excited to join Amedisys. Amedisys offers us the depth of support and resources from one of the nation’s largest home healthcare and hospice providers. We now have the clinical expertise, corporate infrastructure and stability to expand the range of services we provide in the communities we serve and beyond.” Michael Trigilio, CEO Associated Home Care
AHC Chief Executive Officer Michael Trigilio, along with his experienced management team, will continue to lead AHC, and Trigilio will also oversee Amedisys’ new Personal Care Division designed to expand the Company’s private-duty capabilities throughout the country.
“This is our first acquisition of a private-duty company and an important step in realizing our long-term strategy. We believe that private-duty services are highly synergistic with our core skilled home health and hospice businesses, and that by acquiring these capabilities in one of our most successful regions we will realize these benefits quickly. Based on their strong track record of organic growth and integrating tuck-in acquisitions, we believe Associated Home Care is the right team to lead our efforts to grow this capability in our other core markets.” Paul Kusserow, President and Chief Executive Officer Amedisys, Inc.
North Andover, Massachusetts
has been acquired by
Baton Rouge, Louisiana
The undersigned initiated this transaction
and acted as M+A advisor to
Associated Home Care, Inc.