Richmond, VA – December 14, 2022– Care Advantage, Inc. (“Care Advantage”), one of the largest privately owned home health companies in the Mid-Atlantic, completed the acquisition of Lighthouse Healthcare, Inc. in Reston, Virginia on Sunday.
Lighthouse Healthcare, Inc. becomes the 18th acquisition Care Advantage, has completed since 2018. It also marks the sixth acquisition since joining forces with Searchlight Capital Partners (“Searchlight”) in the summer of 2021.
Alongside Care Advantage’s sister company, Capital City Nurses, the addition of Lighthouse Healthcare not only underpins the company’s presence in this region, but also its strategic approach of adding like-minded, established in-home and skilled healthcare providers to its increasing portfolio. Lighthouse Healthcare was founded by Wendy Sutton and Melissa Owens-Collins, opening its doors a little over 22years ago. The company was born out of the founders’ collective passion to serve seniors by providing client focused, in-home care services that help seniors stay in their homes and out of the hospital system.
Tim Hanold, CEO of Care Advantage, said, “I am always excited to welcome a new company to our ever-growing care family. Lighthouse Healthcare’s passion for providing high-quality care and their company values were almost a “mirror image” of our own. Characteristics like these are always an extremely positive sign for a successful partnership both now and the future. Lighthouse’s geography was also a key driver. Through Lighthouse, we will be able to serve even more residents in our home State, and grow our presence around the beltway, which has always been an aim in our M&A strategy.”
Melissa Owens-Collins, RN, Co-Founder of Lighthouse Healthcare, said “We knew after speaking with Tim Hanold and other members of the Care Advantage leadership that this was the right opportunity at the right time for us. Our shared passion to serve seniors, coupled with the support and resources they can provide, and their vision for Lighthouse made this decision a little easier for us. Fellow co-founder Wendy Sutton, MSLP, added “We know Lighthouse is going to continue to deliver exceptional care and support to the seniors of Reston and the surrounding communities. For over two decades we have worked hard to forge the links and are glad they will be continued.”
Andrew Schwartz, COO of Care Advantage, added “I am thrilled that we continue to grow our family of care brands and extend our footprint by adding companies of the quality of Lighthouse Healthcare, Inc. Over the last 22 years, Melissa, Wendy, and the rest of the team have established a reputation for delivering excellent client care services and providing peace of mind for so many families in the area, we look forward to building on these strong foundations.”
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 over 38 branch locations throughout Virginia, North Carolina, 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.