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LivHOME Buying Assets Of AllianceCare Private
Duty Businesses in 5 East Coast States
Major Step in Nationwide Expansion Gives
LivHOME Coast-to-Coast Footprint
Represents Largest LivHOME Acquisition,
7th Since Beginning of 2007
October 21, 2008
LOS ANGELES, October 21, 2008 – LivHOME, Inc., the nation's largest
provider of professionally led at-home care for seniors, today
announced that it is acquiring the assets of AllianceCare's private
duty businesses in five East Coast states.
The acquisition includes the assets of AllianceCare private duty
offices in Arlington, VA; Atlanta, GA; Boston, MA; Philadelphia,
PA; and Silver Spring, MD. As LivHOME's largest acquisition to
date, it provides the company with a coast-to-coast footprint and
represents an important step in its nationwide expansion. Financial
terms were not disclosed.
AllianceCare's private duty offices in these five states is LivHOME's
third acquisition in 2008, and it's seventh since the beginning
of 2007. The assets of AllianceCare, a premier post-acute care
provider, include a combination of at-home and facility-based senior-care
operations.
"This is a very important moment for LivHOME. From our California
headquarters, we have successfully expanded across the United States,
moving first across the Midwest, and now solidly onto the East
Coast. The new markets we are entering allow us to introduce our
brand of professionally led at-home care services to areas with
significant senior populations. We now have a strong five state
footprint on the East Coast as a base for further expansion in
the region. We look forward to serving our new clients and offering
our services to East Coast residents who want to enjoy their senior
years at home in comfort and dignity," said Mike Nicholson, LivHOME's
chief executive officer.
With a growth strategy driven both organically and through acquisition,
LivHOME is one of the most active consolidators in the senior-care
industry. In June, the company acquired Continual Feast Companion
Care in Minneapolis, MN, and earlier in the year purchased Long
Beach, CA-based AngelCare Services. In 2007, the company acquired
Jackson Care Management (Houston, TX), Chicagoland Caregivers (Chicago,
IL), Heritage Homecare Services (Riverside, CA) and Care at Home
(Walnut Creek, CA).
About LivHOME
LivHOME is the nation's largest provider of professionally led
at-home care for seniors. The company is dedicated to finding
solutions that enable older adults to remain in their homes as
long as possible. Based in Los Angeles, LivHOME delivers high
quality at-home care throughout California as well as select
markets in Texas, Minnesota, Illinois, Massachusetts, Pennsylvania
along with Virginia, Maryland, and Georgia pending licensure
approval. For more information, visit www.livhome.com.

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