Edgemont Companions Advises The Adaptive Group in its Sale to Assist at House


NEW YORK–(BUSINESS WIRE) – Edgemont Partners, a leading healthcare investment bank and a leading M&A and fundraising advisor, acted as exclusive financial advisor to The adaptive group in his sale Help at home, a portfolio company of Centerbridge Partners, LP and The Vistria Group. Winston & Strawn LLP served as legal advisor to Adaptive. The terms of the transaction, which closed on December 24, 2020, were not disclosed.

The Edgemont deal team was led by Eugene Goldenberg, Managing Director, with execution assistance from Vice Presidents Brandon Breslow and David Murphy, and analysts Matt Robinson and John O’Malley. Since Mr. Goldenberg joined Edgemont last year to lead its post-acute services, sales and human resources investment banking franchise, the company has completed seven post-acute care transactions.

Headquartered in Jeffersonville, Indiana, Adaptive is a leading provider of home care, health and hospice services with 23 locations to patients in all 92 Indiana counties. Co-founded in 2011 by military veterans Mike Root and Nick Rossano, Adaptive has an impressive and consistent track record in the Indiana home care market. Despite the COVID-19 pandemic, Adaptive grew rapidly in 2020, providing reliable, high quality care to more than 1,900 home care, home health, and hospice customers.

The acquisition of Adaptive further strengthens Help at Home’s position as the leading personal care product company in the United States and the largest home care provider in the state of Indiana. “The successful combination of Adaptive and Help at Home means we can set the bar for quality care and service in the state of Indiana, throughout the Midwest and the United States,” said Adaptive co-founder Mike Root. “By partnering with Help at Home, we are better positioned to accomplish our mission – to positively impact as many lives as possible by providing exceptional, patient-centered home care services. This is a great opportunity to make a real difference as an industry leader in personal care and we look forward to bringing it to our caregivers and customers, ”added Nick Rossano, Co-Founder of Adaptive.

About Adaptive Group

Adaptive, comprised of Adaptive Nursing and Healthcare Services, Adaptive Companion Services, and Adaptive Hospice, is a leading provider of non-medical personal home care services, home health services, and hospice end-of-life care services in Indiana. Adaptive was founded in 2011 by Mike Root and Nick Rossano and has grown to 23 locations across the state. The team of more than 1,800 employees and administrative staff looks after more than 1,900 customers. More information is available at www.adaptivegroup.com.

About help at home

Founded in 1975, Help at Home is a leading US home care provider providing home care to the elderly and people with disabilities. Headquartered in Chicago, Illinois, the company provides services in 13 states: Alabama, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Pennsylvania, South Carolina, and Tennessee. For more than 50,000 customers at 160 locations, Help at Home has offered high-quality support from its team of committed supervisors and administrative staff. More information is available at www.helpathome.com.

About Edgemont Partners

In its 20th year, Edgemont is one of the most active, top performing independent healthcare M&A and financial advisors in the United States. We focus exclusively on providing expert strategic advice and transaction execution to health care and life sciences companies to deliver unwavering commitment to our customers. always driven to prioritize their best interests. Edgemont clients have executed more than 170 transactions valued at over $ 65 billion.

For more information about Edgemont and how we can best serve you, please contact Ben Hughes at +1 (646) 632-3967 or visit our website at www.edgemont.com.

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