Sell side advisory services during the acquisition was provided by Stoneridge Partners, Partner Brian Bruenderman.
NEWS RELEASE
CareFinders Total Care Completes Acquisition of Sovereign Home Health of Connecticut | New Jersey’s Leading Home Care Company Expanding to Connecticut
HASBROUCK HEIGHTS, N.J., Aug. 15, 2017 /PRNewswire/ — CareFinders Total Care LLC (“CareFinders”), a leading home healthcare company based in New Jersey, announced that it has completed the acquisition of Sovereign Home Health of Connecticut, LLC (“Sovereign”). Based in Norwalk, Connecticut, Sovereign provides personal care and companion services to its clients in their homes and other facilities. CareFinders, based in Hasbrouck Heights, New Jersey, also provides non-skilled home care services to more than 8000 patients throughout New Jersey with 16 offices in the state.
“The completion of this transaction provides CareFinders with a great platform for growth in the state of Connecticutand creates a strong initial presence for the Company outside of New Jersey,” said Kevin Rogers, Chief Executive Officer of CareFinders. “Sovereign has grown rapidly in the counties it services and we are excited to expand its services throughout the whole state of Connecticut,” said Sanford Hausner, Co Chairman of CareFinders. “We are entering this important market with a well-respected home care provider that has created an impressive record of success.”
“This transaction is consistent with our growth strategy to expand and diversify our business through acquisitions, as well as organic growth, and is representative of the opportunities we see in other states in the Northeast and around the country,” said Linda Mintz, Co Chairman of CareFinders. “We believe the acquisition of Sovereign is the right next step in our growth trajectory to expand throughout the Northeast.”
“It is with great pleasure that we welcome Sovereign’s home health patients and employees into our CareFinders’ family,” said Rogers. “We take our commitment to caregiving very seriously, and look forward to making an even greater impact on the lives of patients that we serve as we move forward in our partnership with Sovereign in the state of Connecticut.”
“The Sovereign team is excited and proud to become part of this great organization,” said Syd Kain, Founder and President of Sovereign. “It is clear that the goals and values of CareFinders are consistent with those of our team, and that the already high quality of care provided to our clients will continue to increase as we transition into the CareFinders family.”
“Our mission as a Total Care company is to provide increasingly expanded state-wide coverage, superior technology, the highest standards of clinical expertise, and best-in-class trained and trusted caregivers throughout the state of Connecticut,” said Hausner.
CareFinders has been in growth mode since the current owners Linda Mintz and Sanford Hausner purchased the company in 2014. The company has completed 14 acquisitions in three and one-half years.
About CareFinders Total Care LLC
CareFinders Total Care LLC is one of the leading in-home care agencies in New Jersey providing home healthcare services to over 8,000 patients throughout the state from 16 offices. CareFinders was founded in 1995 and is licensed and accredited by the Commission on Accreditation on Home Care (CAHC). It employs over 7,500 Certified Home Health Aides and over 80 Registered Nurses and LPNs. For more information, visit www.carefinders.org or contact Linda Mintz, Co-Chairman at 201‐695‐8050.
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SOURCE CareFinders Total Care
http://www.carefinders.org
Brian Bruenderman
Partner Brian Bruenderman received his Bachelor of Arts degree and Juris Doctor from the University of Louisville. While in college, he purchased several small businesses and credits his later success to that experience. His business background and legal education give him the skills and perspective to successfully negotiate transactions all the way through closing. Specifically, his almost two decades of involvement with strategic buyers gives him a unique insight into how they approach valuation, diligence and negotiation. This combination of education and experience makes him a valuable addition to any transaction.
