Senior Helpers has been sold to Waud Capital
Livingstone is pleased to announce the firm’s healthcare team has advised Advocate Health on the sale of Senior Helpers (“the Company”), one of the national leaders in home care and wellness offerings for seniors, to Waud Capital Partners (“Waud Capital”). Advocate Health operates as the third largest nonprofit health system in the nation.
The Maryland-based Senior Helpers operates through more than 380 franchised and corporate-owned locations in 44 states, Canada, and Australia. These locations provide senior home care and wellness services, including meal planning, grocery shopping, medication reminders, transportation, companionship, and assistance with personal hygiene. They also offer special programs for chronic neurological diseases, particularly Alzheimer’s and Parkinson’s diseases. The Company’s industry-leading services enhance seniors’ ability to remain in their homes and avoid or delay the need for care in inpatient facilities.
“We are very excited for our franchisee partners, teammates, caregivers, and clients. The need for high-quality, in-home senior care has never been greater. We see opportunities to enhance our suite of senior services as part of the next phase of the Company’s growth,” said Peter Ross, CEO and Co-Founder of Senior Helpers. “Waud Capital brings deep expertise in supporting and successfully growing healthcare companies, a set of similar core values, and a shared vision for the future. We look forward to partnering together to better position the Company to expand its best-in-class care and wellness services for seniors.”
“Advocate Health is proud to have secured a new partner for Peter and the management team to continue their growth trajectory,” said Vamsi Botla, Senior Vice President of Mergers & Acquisitions at Advocate Health. “Livingstone’s professional guidance and rich experience in the sector contributed to a seamless sale process.”
“There continues to be a robust market for high-quality assets; coupled with a year of limited deal flow and an abundance of dry powder, Senior Helpers generated significant interest, which led to a highly competitive process,” said Jim Moskal, Partner at Livingstone. “This sale underscores the value that Peter and his team have created within the dynamic landscape of senior home care services.”
Mark Carl, Managing Director at Livingstone, added, “This represents our second transaction involving Senior Helpers and our fifth successful transaction in the senior home care franchisor sector. We remain the most active advisor in the industry having previously advised on the sales of SYNERGY HomeCare to NexPhase Capital, Homewatch CareGivers to PNC Riverarch, and Home Helpers to Linsalata Capital Partners.”
Livingstone closed six healthcare transactions in the U.S. during 2023 and 36 healthcare transactions since 2018.
Livingstone acted as the exclusive financial advisor to Advocate Health and Senior Helpers.
