Preferred Home Care of NY & Edison Home Health Care have been acquired by Help at Home

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Preferred Home Care of New York
Edison Home Health Care
Help at Home
Centerbridge
Vistria
Wellspring Capital Management
Our Role Sell-Side Advisor

Summary

Matthew Margulies | Joseph Quinn

Preferred Home Care of New York and Edison Home Health Care have been acquired by Help at Home, a leading national provider of in-home person-centered care. The transaction closed in April 2022.

Cain Brothers was retained by Preferred and Edison as their exclusive financial advisor to assist the Companies through the sale process. The Companies, which share common ownership, were sold to Help at Home through a single process and transaction. Cain Brothers’ deep knowledge of the home care industry, including the universe of potential buyers, was critical in identifying the right partner to support the next phase of the Companies’ growth. Akin Gump acted as legal counsel to both Preferred and Edison on the transaction.

Edison and Preferred are leading providers of a variety of home and community-based services, primarily focused on in-home personal care, serving multiple counties throughout the New York and Pennsylvania markets. Through an employee base of 12,000, the Companies offer traditional home care through licensed home care service agencies, as well as a Consumer-Directed Personal Assistance Program service offering in the New York market, to approximately 10,500 clients.

Help at Home is a leading national provider of in-home care services, delivering high-quality, relationship-based personal care and other services to help seniors and the disabled remain in their homes, the preferred setting of care. During the fourth quarter of 2021, Help at Home with more than 170 branch locations across 11 states, provided in-home, community-based services to an average of 52,000 clients monthly with the help of more than 30,000 highly trained caregivers. Help at Home is a portfolio company of Centerbridge Partners, The Vistria Group and Wellspring Capital Management.

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