Care Advantage and Team Nurse Unite through Acquisition
Richmond, VA – December 18, 2019 – Care Advantage, a leading provider of home healthcare services in the Mid-Atlantic and a BelHealth Investment Partners (“BelHealth”) portfolio company, announced the acquisition of Team Nurse Inc. and its affiliated entities (“Team Nurse”).
Headquartered in South Boston, Virginia, Team Nurse was founded in 2000 and currently operates 17 locations throughout Virginia. The Company provides both in-home personal care and skilled home health services and maintains a staff of over 400 caregivers. The business was founded by Steve Mize, a Virginia-based entrepreneur who has a long-standing relationship with Care Advantage stemming from a purchase of two Care Advantage branches in 2000.
Team Nurse’s rural locations dove-tail neatly into Care Advantage’s existing footprint. The result of which means a more comprehensive offering in terms of service and geographic coverage to all Virginian’s. The acquisition brings Care Advantage’s total number of branches to over 40 and are located throughout Virginia, Maryland, Delaware and Washington D.C. The Company services a mix of private-pay and Medicaid patients, as well as offers personal care services such as bathing, dressing, and companionship. In addition, Care Advantage also provides “skilled” services by licensed nurses and therapists through it’s All About Care and Paradise companies.
Tim Hanold, CEO of Care Advantage, said, “I am thrilled to welcome Team Nurse aboard. We have so much in common and our long history together makes this feel more like a family reunion than an acquisition. With our teams combined, we will further our position as one of the largest home health providers in the state of Virginia. We now have a service area of 90% of the state and provide a full continuum of care to our patients. Our enhanced footprint positions us well for additional growth in the Mid-Atlantic.”
Steve Mize, founder of Team Nurse, added, “I have long admired Care Advantage and often thought we shared similar values and DNA. High clinical integrity, quality home care services, and deep local relationships are without question attributes we share. We are excited to become part of the Care Advantage family to continually provide exceptional levels of care.”
Care Advantage is one of the Mid-Atlantic’s leading privately held providers of home healthcare. The Company specializes in “one-on-one” quality nursing care in the home and is a one-stop shop for home healthcare services. Headquartered in Richmond, VA, Care Advantage’s family includes over 5,000 employees, serving over 7,000 patients per year across 40 branch locations. Located primarily in Virginia, as well as Maryland, Delaware and Washington D.C., Care Advantage is able to reach 90% of the state of Virginia, both in population and geography. The Company provides a mix of self-pay and Medicaid nursing and personal care services such as bathing, dressing, and companionship and also provides “skilled” services primarily by licensed nurses and therapists.