Epic Health Services Establishes New Service Line and Expands into Three New States with Acquisition of Pediatria Healthcare for Kids
DALLAS, Oct. 13, 2016 /PRNewswire/ -- Epic Health Services Inc., a portfolio company of Webster Capital and Dallas-based provider of pediatric skilled private duty nursing, therapy, developmental, enteral and respiratory services, announced today that it has acquired Pediatria Healthcare for Kids. Based in Norcross, Georgia—about 20 miles northeast of Atlanta—Pediatria provides pediatric home health care services and introduces a new service line to the Epic continuum of care: pediatric day health centers, which provide skilled nursing needs, as well as speech, occupational and physical therapy services, in a center-based environment.
"Pediatria has a respected reputation, particularly for its pediatric day health centers," said Chris Roussos, Epic president and CEO. "These centers will add a wonderful new element to our pediatric care continuum, giving us another environment in which to provide care to the most medically fragile of children. We look forward to seeing how we can grow this service line across our current service territory and bring it to the patients and families who need it."
The acquisition will expand Epic's footprint into three new states—Georgia, South Carolina and Florida—while growing the company's current presence in Pennsylvania, North Carolina, Massachusetts, Texas and Louisiana. Pediatria currently serves over 700 patients throughout its 29 locations. By joining forces with Pediatria, Epic will now be providing care to more than 47,000 patients annually in 21 states.
"By bringing our two companies together, the growth plans we had in place at Pediatria will be realized much sooner with the backing of Epic's resources," said Joe Sansone, chairman and CEO of Pediatria. "The missions, values and culture of both our companies align and will serve as a catalyst for exceptional growth."
"Epic's long-term plan is to be the ultimate pediatric continuum of care for the many medically fragile children living in the U.S.," Roussos said. "Both Epic and Pediatria are committed to best-in-class clinical care, and we'll continue on our mission to enhance and sustain the comfort and well-being of our patients that we're privileged to serve."
About Pediatria Healthcare for Kids
Launched by clinicians in 2006, Pediatria Healthcare for Kids provides innovative and superior health care services for medically complex children across a comprehensive continuum of care. Pediatria operates 29 locations across eight states, offering pediatric private duty nursing and pediatric day health center services founded and managed by clinicians that are focused on providing the best health care for kids. The company's team of over 1,400 skilled pediatric health care professionals delivers clinical services that promote the ultimate level of wellness for medically fragile children, while educating and strengthening the entire family.
About Epic Health Services
Epic Health Services was founded in 2001 and has since become the leading national provider of pediatric skilled nursing, therapy, developmental services, and home medical solutions, including enteral nutrition, respiratory, pharmacy, and medical supplies. Epic also provides a spectrum of adult home health care services including skilled nursing, therapy, personal care, behavioral health nursing, enteral nutrition, and medical supplies. In 2015, the Epic Team, which is 17,000 strong today, served over 46,000 patients—helping patients to thrive, not merely survive. Success in health care requires the delivery of exceptional care that meets the needs of patients, families, payers, regulatory agencies, and society. By maintaining a focus on quality care, extraordinary customer service, and compliance, Epic continues to grow its pediatric continuum of care to serve even more patients across the United States. For further information, please visit www.epichealthservices.com.
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com
Media Contact: Amanda Gleason
Marketwave for Epic Health Services Inc.
Email: [email protected]
972-770-5083 or 214-843-2975
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SOURCE Epic Health Services
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