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(March 16, 2017)
DALLAS and BOSTON, March 16, 2017 /PRNewswire/ -- Epic Health Services, previously a portfolio company of Webster Capital, today announced the closing of its sale to Bain Capital Private Equity. Financial terms of the private purchase from Webster Capital were not disclosed.
Founded in 2001 and headquartered in Dallas, Epic Health Services offers the only complete continuum of home health services for children in fragile health after they are released from acute care facilities. The company provides pediatric private duty nursing, therapy, developmental services, and medical solutions, including enteral nutrition, respiratory, medical supplies, and pharmacy. Epic Health Services also provides a spectrum of adult home health care services including skilled nursing, therapy, personal care, behavioral health nursing, enteral nutrition, and medical supplies.
"Working with Webster Capital has helped us grow to where we are today, and we look forward to extending our continuum of care to serve even more patients and families with these vital services," said Chris Roussos, President and CEO of Epic Health Services.
"We are thrilled with the result and it is a testament to all management has done to grow the business," said David Malm, Co-Managing Partner and Head of Healthcare Services at Webster Capital. "It has truly been a pleasure to work with everyone at Epic Health Services to build a best in class organization," added John Garbarino, a Partner at Webster Capital and Epic Health Services Board Chairman.
Epic Health Services was purchased by Webster Capital in August 2010. Since then, Epic Health Services has expanded into 21 states and broadened its service offerings beyond pediatric private duty nursing to include therapy, enteral nutrition, and autism services, among others.
Goldman Sachs & Co. served as the exclusive financial advisor, and Goodwin Procter LLP acted as legal counsel to Epic Health Services and Webster Capital.
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 2016, the Epic Team served and provided life-sustaining care to patients in 21 states, helping them and their families 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 high quality care, extraordinary customer service, and compliance, Epic continues to grow its best-in-class, 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 firm, 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 raised $600 million of capital and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com.
Amanda Gleason for Epic Health Services
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SOURCE Epic Health Services
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