Deal Synopsis:
The Lenox Group advised Family Care, Inc. (“Family Care”) on its sale to CareSouth Health System, Inc (“CareSouth”). Family Care, headquartered in Richmond, Virginia, is a leading home health provider in the mid-Atlantic region offering elderly and disabled patients a full range of skilled and personal care. As one of the largest providers in Virginia with over 500 full-time and PRN staff, Family Care’s professional staff provides home care services including nursing, companion care, live-ins, physical, occupational and speech therapy.
Based in Augusta, Georgia, CareSouth is the largest, privately-held home healthcare company in Georgia. In addition, CareSouth has 40 Medicare certified locations in Florida, Alabama, North Carolina, Tennessee, Texas and Virginia. CareSouth’s agencies provided home health care services to over 20,000 patients at the time of the transaction.