Webster Capital Acquires Medco

Webster Capital Acquires Medco

medco nf1Epic Health Services, a portfolio company of Webster Capital, has acquired Medco, a provider of health services to patients throughout Texas and Louisiana.

Medco provides enteral therapy services (the providing of nutrition to a patient via a feeding tube), respiratory equipment and incontinence products, as well specialty pharmacy, diabetic, urological, ostomy and wound care supplies and products.  Medco will combine with Option 1 Healthcare Solutions, an enteral nutrition provider based in Chandler, AZ which was acquired by Epic in September 2015.  Medco is headquartered in Houston (www.medcomedicalsupply.com).

In the past year, Epic has acquired six companies, including Nurses to Go, Loving Care Agency, Clarity Service Group, Option 1 Healthcare Solutions, Unifour Nursing and Medco. As a result of these acquisitions, Epic Health Services is now a provider of pediatric skilled nursing, therapy, and autism services, as well as a spectrum of adult home health care services. The company serves 34,000 patients in 17 states and is positioned as the largest comprehensive pediatric provider in the country. Epic was founded in 2001 and is headquartered in Dallas (www.epichealthservices.com).

“As Epic grows, we’ll continue to join forces with companies as dedicated to exceptional patient care as we are,” said Epic President and CEO Chris Roussos. “Medco’s and Epic’s priorities are aligned, with the patient’s well-being and care as our top priorities. Bringing Medco into the Epic family opens up incredible opportunities to advance patient care and further develop our pediatric care continuum.”

Webster Capital invests in branded consumer, business- to-business, and healthcare services companies with revenues of $20 million to $100 million and EBITDAs from $3 million to $15 million. Transaction values typically range from $30 million to $100 million.  At present, Webster has $600 million under management and is currently investing its $400 million third fund which it raised in 2014. The firm was founded in 2003 and is based west of Boston in Waltham, MA (www.webstercapital.com).

© 2015 PEPD • Private Equity’s Leading News Magazine • 10-21-15

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