Forbes Mergers & Acquisitions is pleased to announce that FirstChoice Home Healthcare (www.firstchoicecare.com) in Denver, Colorado has been acquired by Encompass Home Health (www.ehhi.com). Forbes Mergers and Acquisitions served as the exclusive financial advisor to FirstChoice.
FirstChoice is a privately owned provider of home healthcare services to the Denver, Boulder and surrounding areas. The Medicare-certified agency has been providing exceptional care since 1993, with skilled nursing, physical therapy, occupational therapy, speech language pathology, social work, certified nursing assistant, and dietitian capabilities. Lon Sears, founder of FirstChoice, said “After owning a business for 17 years, I could not have chosen a better partner to help make a graceful exit than I did with Forbes Mergers & Acquisitions. The team was very knowledgeable, organized and extremely effective in finding a great buyer and closing the deal.”
Encompass Home Health is a leading provider of skilled home health services, with locations across Texas, Oklahoma, New Mexico and Colorado. Encompass has been an active consolidator in the Medicare-certified home health care market, and now has over sixty home care branches and twenty-five well-respected agencies with $200 million in annual revenues. Encompass is backed by Thoma Cressey Bravo (www.tcb.com), a leading private equity investment firm headquartered in Chicago, Illinois.
Bob Forbes, President of Forbes Mergers & Acquisitions, who led the transaction, stated “We are proud to have represented FirstChoice in the sale to Encompass. Michael Burt, Tom Schmidt and I worked as a team, profiled more than 500 companies, interviewed 200 executives, and qualified 6 finalists. Encompass was the clear winner and was able to demonstrate a passion for quality care, integrity, accountability, and commitment to employees that have been long traditions at FirstChoice.” Terms of the transaction were not disclosed.