DALLAS, Oct. 26, 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 Firstaff Nursing Services. Based in Bala Cynwyd, Pennsylvania, Firstaff provides adult home health care and nursing services throughout Greater Philadelphia, and also offers medical staffing services.
Epic has had a presence in Pennsylvania and has grown organically since 2012. Over the last two years, Epic strengthened its presence in the state with the acquisition of Loving Care Agency, Clarity Service Group and a portion of ResCare—all companies with operations in Pennsylvania. The acquisition will double Epic's current market share in Pennsylvania.
"The addition of Firstaff to our Epic family will strengthen and densify our position in eastern Pennsylvania, making Epic a leading provider of adult home health care services in the state," said Chris Roussos, Epic president and CEO.
Operating from its single location in Bala Cynwyd, Firstaff has a team of 300 nurses and caregivers who provide care to more than 200 patients.
"Our focus over the last 19 years has been to provide outstanding care to our community," said Firstaff founder Gary Epstein. "Now, with the backing of Epic, we feel we can serve even more patients and continue to deliver on that mission."
About Firstaff Nursing Services
Founded in 1997 by Gary Epstein, Firstaff Nursing Services began as a medical staffing agency. The company added home care services in 2005, and it now has a team of 300 nurses and caregivers providing care to more than 200 patients throughout Greater Philadelphia. Based in Bala Cynwyd, Pennsylvania, Firstaff operates out of a single location. Clients include private insurance, long-term care insurance, HMOs, workers comp, Medicare, Medicaid, consumers in waiver programs, hospitals, nursing homes, assisted living facilities and rehabs.
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.
972-770-5083 or 214-843-2975
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/epic-health-services-grows-presence-in-pennsylvania-with-acquisition-of-firstaff-nursing-services-300351701.html
SOURCE Epic Health Services