Home Health Care News September 15, 2021
Often in the home-based care field, transactions are driven by companies seeking to expand their service lines to become one-stop shops for referral partners.
Sometimes, however, dealmaking is ignited by a desire to double down on existing expertise.
An example of the latter M&A tactic happened Wednesday, with 24 Hour Home Care buying the non-medical caregiving division of GrandCare Health Services. Financial terms of the acquisition, effective Sept. 1, were not disclosed.
“We thought it was a great opportunity,” Ryan Iwamoto, the president and co-founder of 24 Hour Home Care, told Home Health Care News. “They are a very reputable company. We’ve had a great relationship with them. It just made a ton of sense.”
GrandCare Health Services provides in-home...
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