Hackensack, NJ-based Executive Home Care has acquired Scottsdale-based Assisted Living Locators, the in-home care provider announced Thursday. Financial terms of the deal were not disclosed.
Private equity firm The Riverside Co., which purchased Executive Home Care in November, backed the deal. The firm invests in growing businesses valued at up to $400 million in the smaller end of the middle market
“We are excited to add Assisted Living Locators to the Executive Home Care platform,” Riverside Managing Partner Loren Schlachet said in a statement. “This combination extends the business into senior living advisory and placement services, which are highly complementary to in-home care services. Assisted Living Locators has a fantastic reputation and is positioned for strong growth, led by an exceptional management team.”
Executive Home Care CEO Tim Hadley said in a press release that the acquisition of Assisted Living Locators “fits seamlessly with our business philosophy and strategy of making in-home care and assisted living options readily available for anyone that may need it. …Both Executive Home Care and Assisted Living Locators are passionate about helping our senior citizens continue to live their lives comfortably, freely and safely.”
Assisted Living Locators said it was the nation’s first senior placement franchise and now has more than 140 franchises in 36 states and Washington, DC. The company’s local advisers work with families at no cost to them to help them find senior living communities, nursing homes and in-home care based on their care needs and finances.
“Our partnership and shared mission with Executive Home Care will set new standards of excellence for in-home care and senior placement that will benefit our seniors, families and our franchisees,” Assisted Living Locators CEO and founder Angela Olea said. “With the expertise of Executive Home Care and Riverside teams, I know that Assisted Living Locators will continue to move to new levels of customer service and quality care.”
