PSA Healthcare, a portfolio company of J.H. Whitney Capital Partners and a provider of pediatric home care for children with medical complexities, has acquired Care Unlimited, also a provider of pediatric home care. J.H. Whitney acquired PSA Healthcare in March 2015.
According to J.H. Whitney, Care Unlimited is one of the largest providers of pediatric home care services in Pennsylvania. The company is licensed to provide services in 28 western and central Pennsylvania counties. , Care Unlimited was founded in 1984 by Laurye Feller and is headquartered in Pittsburgh with additional offices north of Pittsburgh in Erie, and northeast of Pittsburgh in DuBois (www.careunlimitedinc.com).
PSA Healthcare is a provider of home care services for medically fragile children. PSA provides care to more than 3,200 patients across 17 states through over 70 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers and intellectual and developmental home care. PSA is headquartered in Atlanta (www.psahealthcare.com).
“Care Unlimited is a natural fit with PSA as we continue to expand and add density to our existing services areas,” said Rod Windley, Executive Chairman of PSA.
J.H. Whitney invests from $20 million to $125 million of equity in small and middle market companies that have revenues from $50 million to $500 million and are active in the consumer, healthcare, specialty manufacturing, and business services sectors. The firm was founded in 1946 by industrialist and philanthropist, John Hay “Jock” Whitney, and today is investing out of its seventh private equity fund. J.H. Whitney, based in New Canaan, CT, is considered by some to be the one of the first US private equity firms (www.whitney.com).
Atlanta-based Edge Healthcare Partners (www.edgehealthcarepartners.com) served as PSA’s financial advisor and Pittsburgh-based The Braff Group (www.thebraffgroup.com) served as Care Unlimited’s strategic advisor.
© 2016 Private Equity Professional • 2-8-16
