Webster Adds to Epic Platform with Buy of Loving
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Webster Adds to Epic Platform with Buy of Loving

loving care nf1Epic Health Services, a portfolio company of Webster Capital, has acquired the parent company and pediatric division of Loving Care Agency (LCA), a provider of pediatric and adult home health care services. Simultaneous with the close of this transaction, the adult division of Loving Care Agency was spun off into a new operating entity separate from Epic Health Services.

LCA is a provider of pediatric homecare and home health aide services throughout New Jersey. The pediatric division provides nursing services to medically fragile and complex children in their homes and schools and serves more than 1,500 patients in seven states.  The home health aide division assists patients, most of whom are either elderly or disabled, with activities of daily living, such as bathing, dressing, walking and meal preparation. LCA is headquartered north of New York City in Hasbrouck Heights, NJ (www.lovingcareagency.com).

Epic Health Services is a provider of pediatric home health and therapy services as well as adult home health services.  Epic provides care to more than 6,000 patients throughout its service area.  Services provided include skilled nursing, therapy, personal care and behavioral health nursing.   With the purchase of LCA, Epic now serves its patients in 10 states, including Texas, Pennsylvania, Massachusetts, New Jersey, Missouri, Indiana, Delaware, Arizona, Illinois and Colorado.  Epic was founded in 2001 and is based in Dallas (www.epichealthservices.com).

Webster Capital invests in branded consumer, business- to-business, and healthcare services companies with EBITDAs from $2 million to $15 million and transaction values from $20 million to $100 million. The firm was founded in 2003 and is based in Waltham, MA (www.webstercapital.com). 

© 2015 PEPD • Private Equity’s Leading News Magazine • 2-19-15

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