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Care Advantage, Inc. Acquisition of My Home Companion

Richmond, VA – November 16, 2021 – Care Advantage, Inc. (“Care Advantage”), one of the largest privately owned home health companies in the Mid-Atlantic, announced the acquisition of My Home Companion in Springfield, Virginia today.

The addition of My Home Companion strengthens Care Advantage’s personal care footprint in Northern Virginia and underpins their ongoing commitment to growing its services in this area through its legacy brand, Capital City Nurses. This purchase is the thirteenth acquisition Care Advantage, Inc. has completed since 2018, and the first completed since joining forces with Searchlight Capital Partners (“Searchlight”).

Tim Hanold, CEO of Care Advantage, said, I am thrilled to welcome the clients, caregivers, and team of My Home Companion aboard. It was obvious from day one that the businesses complement one another from cultural, geographic, and service offering standpoints. The purchase of My Home Companion signals the acceleration of our M&A strategy across all divisions of our company. We are actively seeking to grow our current footprint, with the support of Searchlight, and serve even more clients across the Commonwealth and beyond. I couldn’t be more thrilled about the future.”

Bob Carlin, Managing Director of My Home Companion said, “We are humbled to join the Care Advantage team.  The model they’ve built is a perfect match for both our caregivers and our clients. It also positions us to build on our mission of providing best-in-class, in-home care services. Once we realized that Care Advantage shared our philosophy of making it our culture’s responsibility to care for our elderly, we joined them!”

Posted On
November 16, 2021
Jonathan Etherington