NEWS & PRESS
EPIC HEALTH SERVICES CONTINUES EXPANSION WITH 4TH ACQUISITION IN 2016
Dallas, Texas (May 2, 2016) – Epic Health Services Inc., a portfolio company of Webster Capital and Dallas based provider of pediatric skilled nursing, therapy and enteral services, announced today that it has acquired Baltimore based Care Resources, which offers pediatric therapy and early intervention services for children with special needs, staffing of special education teachers and nurses to schools, and continuing education courses for health care professionals.
In 2016, Epic has already acquired four smaller players, allowing Epic to enter new markets and further solidify its position in existing markets. Epic CEO, Chris Roussos, remarked, "It is exciting to see the expansion into new markets as it provides significant opportunities for growth in the coming years. The business is now in 17 states and many of these are new for us, presenting interesting ways to grow."
Webster Co-Managing Partner, David Malm, said, "Epic has done an outstanding job broadening its footprint while continuing to grow at double digit organic growth rates. We are thrilled with all management has done."
Webster initially invested in Epic in 2010 when the business was solely based in Texas.
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 42,000 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 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.
About Care Resources
Established in 1984, Care Resources is a Baltimore based business, which offers pediatric therapy and early intervention services for children with special needs, staffing of special education teachers and nurses to schools, and continuing education courses for health care professionals.