Care Advantage, a leading provider organization of home health care services in the Mid-Atlantic and a BelHealth Investment Partners (BelHealth) portfolio company, announced the acquisition of Allegiance Home Care (Allegiance). Since its initial investment in January 2017, this is Care Advantage’s tenth add-on acquisition. The financial terms of the acquisition were not disclosed.
Allegiance provides in-home personal care services exclusively to private pay consumers from two branch locations in Sterling and Alexandria, Virginia. The business was founded in 2013 and has established a strong reputation for high quality clinical care. Allegiance will strengthen Care Advantage’s existing presence in Northern Virginia, particularly in the Sterling area, and the current Allegiance leadership team will continue with the company.
Care Advantage is one of the Mid-Atlantic’s leading privately held home health care provider organizations. The Allegiance specializes in “one-on-one” quality nursing care in the home and is a one-stop shop for home health care services. Corporate headquarters are in Richmond, Virginia, and there are 25 branch locations throughout Virginia, Maryland, Delaware, and Washington, District of Columbia.The Allegiance provides a mix of Medicaid and self-pay nursing and personal care services such as bathing, dressing, and companionship and also provides “skilled” services, primarily by licensed nurses and therapists.
BelHealth Investment Partners, based in New York, is a health care private equity firm focused on lower middle market companies. BelHealth has a unique combination of investing, executive management and entrepreneurial experience. BelHealth acquires majority positions in entrepreneur-owned companies that it believes would benefit from its extensive operating and private equity investment expertise. The firm invests across three core health care segments: Services, Products, and Distribution. BelHealth is investing from its current $350 million fund.
Allegiance is a trusted provider organization of home care and Physician house call services in Northern Virginia. Allegiance Home Care employs only the highest quality caregivers. Their backgrounds, certifications, and experience vary. The company goes to great lengths to ensure that they match consumers with the best caregiver to meet every individual’s needs.
This was reported by BelHealth Investment Partners on August 8, 2019.
Contact information: Tim Hanold, Chief Executive Officer, Care Advantage, Inc., 10041 Midlothian Turnpike, Richmond, Virginia 23235; 804-323-9464; Website: www.careadvantageinc.com
Contact information: Inder Tallur, Senior Managing Director, BelHealth Investment Partners, 126 East 56th Street, 23rd Floor, New York, New York 10022; 347-308-7018; Email: email@example.com; Website: www.belhealth.com
Contact information:Allegiance Home Care, 20 Pidgeon Hill Drive, Suite 208, Sterling, Virginia 20165; 703-539-6029; Website: http://allegianceva.com