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May 19, 2016

CareFinders Aquires Two New Jersey Health Companies

Care Finders Total Care has completed two acquisitions, bringing the total number of acquisitions it has completed to 10 in the past two years, it announced Monday.

Care Finders purchased Wayne-based Emerald Health Care Services and Morris Plains-based Family First Home Care. With the addition of these two locations, Care Finders now has nine locations in New Jersey.

Robert Petroro, former owner of Family First, will join Care Finders as executive director, private duty division.

“The completion of these transactions provides Care Finders with a great platform for growth in the private duty home care sector and creates a strong initial presence for the company in Morris county,” Kevin Rogers, CEO of Care Finders, said in a prepared statement. “Both acquisitions represent Care Finders’ continued commitment to providing exceptional quality home health care services to clients of all ages and need throughout New Jersey. We are continuing to grow our private duty services with these two well-respected home care providers that have outstanding reputations in their communities. We are excited to have the Emerald and Family First teams join our company. These transactions are consistent with our strategy to expand and diversify our revenue streams through acquisitions, as well as organic growth, and are representative of the opportunities in our pipeline of potential transactions.”

“I am honored to be part of Care Finders’ management team. It is a privilege to be part of an organization that is committed to providing total care services, through a well-trained care team that is focused on improving home care to those who wish to remain in their homes with comfort, confidence and dignity,” Petroro said in a prepared statement. “We are an organization led by a purpose — to make a positive, meaningful impact that matters to everyone that Care Finders touches. I will do my best to serve our patients and employees by helping to enable them to fulfill their passion to make a difference.”

Financial terms of the deals were not disclosed.

See article in NJBIZ

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