Industry News • July 29, 2019
Arosa+LivHome has agreed to acquire The Cameron Group, an Orlando, Florida-based care management and home care agency.
On top of that, the Bain Capital Double Impact-backed provider announced the acquisition of Senior Care Management Associates (SCMA) and Companion & Home Care, both located in North Carolina.
Financial terms of the three deals were not disclosed.
The new additions will add about 100 to 200 patients to Arosa+LivHome’s census, according to CEO Ari Medoff, while also marking the provider’s fifth acquisition of the year and propelling it into a new state: Florida.
“Expanding to Florida is strategic, as rumor has it that it is a popular place for retirees,” Medoff told Home Health Care News. “In particular, there is a big opportunity to grow our care management practice in Florida as many seniors there do not have children nearby to help guide them as they age.”
Arosa+LivHome was formed in October 2018 after the combination of two regional health care companies: Arosa and LivHome. Currently, Arosa+LivHome operates 18 offices in California, Illinois, Texas and North Carolina — where it also recently acquired Forever Young Home Care to strengthen its presence in Greensboro.
Similarly, the acquisitions of Senior Care Management Associates in Durham and Companion & Home Care in Emerald Isle were strategic.
“SCMA brings care management to North Carolina, which was the only geography where we did not already have care management,” Medoff said. “Companion & Home Care is a high-quality home care provider that extends our reach in North Carolina to an affluent and growing coastal region.”
Arosa+LivHome will continue to look for growth opportunities in the months to come, Medoff previously told HHCN.
“We have several other opportunities that we are pursuing, and [we] continue to grow both organically and through acquisition in both home care and care management,” he said.
This article originally appeared in an article in Home Health Care News.