By Stephen Tweed
CHICAGO, March 21, 2024 /PRNewswire/ — Waud Capital Partners (“Waud Capital”), a growth-oriented middle-market private equity firm, announced today the acquisition of Senior Helpers, one of the national leaders in home care and wellness offerings for seniors. Waud Capital is acquiring Senior Helpers from Advocate Health, the third-largest nonprofit health system in the nation.
About Senior Helpers
The Maryland-based Senior Helpers operates through more than 380 franchised and corporate-owned locations in 44 states, Canada, and Australia. These locations provide seniors home care and wellness services, including meal planning, grocery shopping, medication reminders, transportation, companionship, and assistance with personal hygiene. They also offer special programs for chronic neurological diseases, particularly Alzheimer’s and Parkinson’s diseases. The company’s industry-leading services enhance seniors’ ability to remain in their homes and avoid or delay the need for care in inpatient facilities.
“We are very excited for our franchisee partners, teammates, caregivers, and clients. The need for high-quality, in-home senior care has never been greater. We see opportunities to enhance our suite of senior services as part of the next phase of the company’s growth,” Senior Helpers CEO and Co-Founder Peter Ross said. “Waud Capital brings deep expertise in supporting and successfully growing healthcare companies, a set of similar core values, and a shared vision for the future. We look forward to partnering together to better position the company to expand its best-in-class care and wellness services for seniors.”
The Seventh Largest Home Care Franchise Company
According to ongoing tracking of the franchise sector of Home Care by Leading Home Care … a Tweed Jeffries company, Senior Helpers is the 7th largest franchisor in Home Care with 256 franchise Locations (April 2023). There are 56 companies providing franchises in Home Care, with a total of 7,668 units.
A separate listing in the Franchise Times “Top 400 Franchises” list shows Senior Helpers at number 7 in revenue in 2023 with $387.243,000 in total revenue from 327 franchisees for an average of $1,184,229 per location.
