Nautic Partners has partnered with management to acquire All Metro Health Care Services, a provider of home and community based health services.
All Metro is a licensed home care agency providing primarily non-skilled personal care aide services, including light housekeeping, homemaking, bathing and grooming to seniors and high needs individuals. In addition to its non-skilled personal care aide services, All Metro is also a provider under two specialty home care waiver programs in New York. These waiver programs provide the necessary services required to allow nursing home eligible individuals and individuals with traumatic brain injuries to remain in the community. All Metro provides its services from ten branches in New York, two branches in New Jersey and two branches in Florida. All Metro was founded in 1955 and is headquartered on Long Island in Lynbrook, NY (www.all-metro.com).
“We believe that All Metro is well positioned to serve as a value-added provider in its core states due to its high quality reputation, its broad geographical footprint and its leading presence in the New York specialty waiver programs, which require a higher level of care. All Metro is ideally positioned for further growth given the expected increase in demand for home care services driven by demographic trends,” said Chris Crosby, Managing Director of Nautic.
Nautic Partners is a middle-market private equity firm with over $2.5 billion of equity capital under management. Nautic targets majority equity investments of $25 million to $75 million. Sectors of interest include business services, manufacturing, and healthcare. The firm was founded in 1986 and is headquartered in Providence, RI (www.nautic.com).
“All Metro provides a valuable service that enables seniors and individuals with special needs to remain in the home, which is where they want to be. We believe well-run home care providers like All Metro serve an important role in the health care industry and are well positioned to serve as the fulcrum service to help drive efficiency in the broader health care delivery system,” said Chris Vinciguerra, Senior Associate of Nautic. “The more frequent contact between All Metro’s aides and its patients creates an opportunity to better monitor patient health trends on a real-time basis, ultimately reducing avoidable hospital admissions. We look forward to working with All Metro and its key payers to design programs that will bring this vision to fruition.”
Healthcare Finance Group (www.hfgusa.com) led the financing for the transaction.
2014 PEPD • Private Equity’s Leading News Magazine • 9-12-14