Simplura
Simplura is a leading provider of home care services, providing Medicaid populations with home health aides who assist with activities of daily living.
- Sector
- Healthcare
- Location
- Valley Stream, NY
- Status
- Realized
Investment Highlights:
- Transformed Simplura from a New York-focused provider of homecare services to a diversified leader within the Northeast region
- Implemented new IT structure to increase automation and improve operating efficiency
- Completed eight acquisitions under One Equity’s ownership that provided entry into new markets, including Massachusetts, Connecticut, West Virginia and Southeast Pennsylvania
- Gained significant market share in Pennsylvania by both expanding its geographic reach and increasing density within existing branches
- Grew from 31 branches servicing 6,000 patients to 57 branches servicing 14,000 patients across seven different states under One Equity’s ownership
- Nearly doubled revenue during One Equity’s ownership
- Sold to strategic buyer ModivCare (fka The Providence Service Corporation)
Add-On Acquisitions:
- VillageCare
- Multicultural Home Care
- Independence Healthcare
- SarahCare
- Keystone In-Home Care
- Helping Hand
- Panhandle (Personal In-House Services)
- A&B Homecare
See One Equity's Terms of Use here
“Our partnership with OEP enabled Simplura to accelerate growth through acquisitions that created geographic density and expansion into fast-growing markets, while improving alignment with state agencies and Managed Care Organizations. Importantly, throughout this growth we have maintained our reputation as a trusted home care services provider to high-cost, medically fragile patient populations. We are excited about the opportunities ahead for our well-trained caregivers and associates who will join an organization that provides complementary services for millions of aging seniors and disabled adults.”
David Middleton, President and CEO, Simplura
