Senior Helpers® Primed for Growth with Acquisition by Altaris Capital Partners, LLC
Purchase Enables Premier In-home Senior Care Provider to Provide Greater Support for Aging Population
BALTIMORE - Oct. 27, 2016 // PRNewswire // - Senior Helpers®, the nation's premier provider of in-home senior care, today announced the company has been purchased by Altaris Capital Partners, LLC, a leading national investment firm focused exclusively on the healthcare industry. The acquisition will help to accelerate growth and expansion, both domestically and globally, for the Timonium, Maryland-based franchisor, which currently operates more than 285 franchise locations across the United States, Canada and Australia. One of the company's primary strategies for growth will be through the acquisition of local, private in-home care companies.
"With the considerable growth of the aging population, the need for in-home senior care is at an all-time high," said Peter Ross, CEO and co-founder of Senior Helpers. "We're excited to join Altaris' robust healthcare portfolio, which we know will help to fuel our growth and help us to continue providing best-in-class personal care and companion services to seniors who wish to live in the comfort of their own homes. With this move, we're primed to bring many more in-home care companies under the Senior Helpers umbrella and expand into new territories worldwide."
Founded in 2001 with a vision to help seniors who wish to remain in their homes – despite age-related illnesses and mobility challenges – Senior Helpers serves elderly individuals and their families around the world. Senior Helpers differentiates itself with its proprietary, specialized programs that have been developed in collaboration with leading medical experts. The company was the first provider in the industry to offer specialized care services for individuals with Alzheimer's, dementia and Parkinson's disease.
For more information about the company, visit http://www.seniorhelpers.com. To learn more about franchising opportunities, visit http://seniorhelpersfranchise.com (domestic) or http://www.seniorhelpersglobal.com (international).
About Altaris Capital Partners, LLC
Altaris Capital Partners, LLC is an investment firm focused exclusively on the healthcare industry. Managing $1.5 billion of equity capital, Altaris invests in businesses that meet clearly defined healthcare needs and leverages its extensive industry knowledge and relationships to accelerate growth and value appreciation. Altaris is based in New York, NY. For more information, visit http://www.altariscap.com.
About Senior Helpers
Senior Helpers is a premier in-home senior care provider in the U.S. with over 285 franchised businesses operating across the globe. Founded in 2001 with a vision to help seniors who wish to remain in their homes despite age-related illnesses and mobility challenges, Senior Helpers has now cared for tens of thousands of seniors with a pledge to provide "care and comfort at a moment's notice." Senior Helpers offers a wide range of personal care and companion services, including trained Alzheimer's, dementia and Parkinson's care, to assist seniors who wish to live independently. Learn more by visiting http://www.seniorhelpers.com.
SOURCE Senior Helpers
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