Executive Home Care, based in Hackensack, New Jersey, has acquired Scottsdale-based Assisted Living Locators, a home care provider announced Thursday. Financial terms of the deal were not disclosed.
Private equity firm The Riverside, which acquired Executive Home Care in November, backed the deal. The company invests in growing companies valued at up to $400 million in a small middle market.
Riverside Managing Partner Loren Schlachet said in a statement: “This combination expands our business into senior living advice and placement services that are highly complementary to our home care services. I can do it.”
Executive Home Care CEO Tim Hadley said in a press release that the acquisition of Assisted Living Locators “will make home care and assisted living options readily available to those who need them. It fits seamlessly into our business philosophy and strategy.…Both Executive Home Care and Assisted Living Locator are passionate about helping seniors live comfortably, freely and safely. ”
It is the first senior placement franchise in the United States, and currently has more than 140 franchises in 36 states and Washington, DC, according to Assisted Living Locators. The company’s local advisors help families find senior living areas, nursing homes and home care based on their care needs and financial situation, free of charge.
Angela Olea, CEO and Founder of Assisted Living Locators, said: “Executive Homes With her care team and the expertise of the Riverside team, I know Assisted Living Locators will continue to move to new levels of customer service and quality care.”