LivHOME Buying Assets of AllianceCare Private Duty Businesses in 5
East Coast States
Major Step in Nationwide Expansion Gives LivHOME Coast-to-Coast
Footprint
Represents Largest LivHOME Acquisition, 7th Since Beginning of 2007
LOS ANGELES (Business Wire EON/PRWEB ) October 21, 2008 --
LivHOME, Inc., the nation's largest provider of professionally led
at-home care for seniors, today announced that it is acquiring the
assets of AllianceCare's private duty businesses in five East Coast
states.
The acquisition includes the assets of AllianceCare private duty offices
in Arlington, VA; Atlanta, GA; Boston, MA; Philadelphia, PA; and Silver
Springs, MD. As LivHOME's largest acquisition to date, it provides the
company with a coast-to-coast footprint and represents an important step
in its nationwide expansion. Financial terms were not disclosed.
AllianceCare’s private duty offices in these 5
states is LivHOME's third acquisition in 2008, and it’s
seventh since the beginning of 2007. The assets of AllianceCare, a
premiere post-acute care provider, include a combination of at-home and
facility-based senior-care operations.
"This is a very important moment for LivHOME. From our California
headquarters, we have successfully expanded across the United States,
moving first across the Midwest, and now solidly onto the East Coast.
The new markets we are entering allow us to introduce our brand of
professionally led at-home care services to areas with significant
senior populations. We now have a strong five state footprint on the
East Coast as a base for further expansion in the region. We look
forward to serving our new clients and offering our services to East
Coast residents who want to enjoy their senior years at home in comfort
and dignity," said Mike Nicholson, LivHOME's chief executive officer.
With a growth strategy driven both organically and through acquisition,
LivHOME is one of the most active consolidators in the senior-care
industry. In June, the company acquired Continual Feast Companion Care
in Minneapolis, MN, and earlier in the year purchased Long Beach,
CA-based AngelCare Services. In 2007, the company acquired Jackson Care
Management (Houston, TX), Chicagoland Caregivers (Chicago, IL), Heritage
Homecare Services (Riverside, CA) and Care at Home (Walnut Creek, CA).
About LivHOME
LivHOME is the nation's largest provider of professionally led at-home
care for seniors. The company is dedicated to finding solutions that
enable older adults to remain in their homes as long as possible. Based
in Los Angeles, LivHOME delivers high quality at-home care throughout
California as well as select markets in Texas, Minnesota, Illinois,
Massachusetts, Pennsylvania along with Virginia, Maryland, Washington
DC, and Georgia pending licensure approval. For more information, visit www.livhome.com.
See the original story at: http://eon.businesswire.com/releases/east_coast/private_duty/prweb1505084.htm
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