Richmond, VA – August 16, 2022 – Care Advantage, Inc.(“Care Advantage”), one of the largest privately owned home health companies in the Mid-Atlantic, completed the acquisition of Youngs Healthcare earlier today.
Following swiftly behind the company’s most recent purchase of National Home Healthcare in Herndon, Virginia Youngs Healthcare becomes the seventeenth acquisition Care Advantage, Inc. has completed since 2018. It also marks the fifth acquisition since joining forces with Searchlight Capital Partners (“Searchlight”) in 2021.
The addition of Youngs Healthcare underpins the company’s presence and rapid expansion in Northern Virginia, but also its strategic approach of adding additional service offerings to the Care Advantage, Inc. portfolio, such as adult daycare services. Youngs also highlights the company’s diverse cultural background catering to Korean, Chinese and Vietnamese populations in the Northern Virginia footprint. With over 400 caregivers committed to the happiness and wellbeing of their patients and clients, Youngs will continue to grow and add to their extensive service offering.
Tim Hanold, CEO of Care Advantage, said, “I am thrilled to unite Youngs and Care Advantage, Inc. This has been a partnership I have been excited about forming for quite some time and for so a variety of reasons. From our very first conversations, it was evident how passionate the Youngs team was about providing care for others, the enthusiasm for what they do each day was palpable. Add to that their reputation in the community they serve is second to none and they are known for delivering high-quality care for their clients. I look forward to welcoming the Youngs clients and caregivers into our care family.”
Young Shin Lee, Founder of Youngs Home Health and Senior Center, said “I am so happy to share that Youngs care team will be joining Care Advantage group of companies. I know, both personally and professionally, this is an extremely positive change for Youngs, I can’t wait to see my company grow and evolve with Care Advantage’s support and expertise. After working directly with the Care Advantage team for that last few weeks I know our patients and our caregivers are in the very best of hands, and our legacy of delivering excellence in home care will continue.”
Andrew Schwartz, COO of Care Advantage, added “Youngs Home Healthcare and Senior Center and Care Advantage, Inc. are a great fit together. We are really excited about expanding our service offerings into Adult Day Care and adding that scope of care to the client care continuum. I am thrilled that Care Advantage continues to grow and extend its company footprint by adding wonderful new family branches like Youngs Home Care to our roster.”
About Care Advantage
Care Advantage is one of the Mid-Atlantic’s leading privately held home healthcare providers. The Company specializes in “one-on-one” quality nursing care in the home and is a one-stop shop for home healthcare services. Corporate headquarters are in Richmond, VA and there are 36 branch locations throughout Virginia, Maryland, Delaware, and Washington D.C. The Company provides a mix of Medicaid and self-pay nursing and personal care services such as bathing, dressing, and companionship and provides “skilled” services primarily by licensed nurses and therapists.