Amedisys announced that its subsidiary, Associated Home Care, has signed a definitive agreement to acquire Home Staff, LLC, a personal care provider, headquartered in Worcester, Massachusetts.
Under the terms of the agreement, Associated Home Care will acquire substantially all of the assets of Home Staff from Fallon Health and VNA Care Network. The transaction is expected to close on February 1, 2017.
Home Staff, founded in 1977, offers professional nurses, chore workers, companions, transportation, Personal Care Assistants, Certified Nursing Assistants and homemakers to clients to encourage independent living 24 hours a day and seven days a week. With 502 employees, Home Staff has home personal care offices in Worcester, Needham and West Springfield and covers the Greater Metro Boston, Greater Worcester Region and the Western Massachusetts Region. It delivers care to 3,500 clients per year and generates approximately $10.5 million in annualized revenues.
Associated Home Care, a leading personal care agency in Greater Boston, was acquired by Amedisys in March of this year. In August, Amedisys acquired Professional Profiles, a private- duty home healthcare agency based in Danvers, Massachusetts. Home Staff will be the third acquisition by Amedisys or its subsidiaries in Massachusetts since Amedisys renewed its acquisition strategy in 2015.
This acquisition signals the continued focus by Amedisys to build platform in the private duty business. It will likely expand the platform in other market across its significant footprint via acquisition. Amedisys is certainly taking a cautious and prudent approach than other providers have in the past when attempting to enter the private duty industry.
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