HouseWorks Continues M&A Path, Expands Additional into Pennsylvania

HouseWorks Continues M&A Path, Expands Additional into Pennsylvania

HouseWorks has acquired Pittsburgh-based private care firm Bridge Metropolis Residence Care. The transaction additional expands HouseWorks Pennsylvania’s footprint.

One of many causes Bridge Metropolis Residence Care was a lovely acquisition goal for HouseWorks was due to the prevailing relationship.

“Bridge Metropolis was owned by the identical particular person who beforehand owned Druk Residence Care, with whom HouseWorks efficiently partnered in late 2023,” HouseWorks CEO Mike Trigilio instructed Residence Well being Care Information in an electronic mail. “This current relationship with the earlier proprietor created a novel synergy, making it a pure development for HouseWorks to convey Bridge Metropolis into our rising household of corporations.”

HouseWorks, backed by InTandem Capital, is a house care firm primarily based in Higher Boston that additionally affords meal supply and laundry providers. The corporate supplies providers in Massachusetts, Connecticut, Maine, New Hampshire, New York, Pennsylvania and Tennessee.

HouseWorks was additionally interested in Bridge Metropolis Residence Care's development figures over the previous two years.

“Their dedication to a development mindset and delivering high quality care to sufferers aligns completely with HouseWorks’ strategic imaginative and prescient,” mentioned Trigilio. “By partnering with Bridge Metropolis, HouseWorks seizes the chance to additional broaden into the Pittsburgh market, additional solidifying our presence throughout the state.”

It’s HouseWorks' third transaction in Pennsylvania.

In 2018, HouseWorks acquired Caring Mates Residence Care in Philadelphia. Final yr, the corporate acquired Care & Assist, additionally primarily based in Philadelphia.

Trigilio famous that Pennsylvania is a vital marketplace for HouseWorks.

“Pennsylvania continues to be a key focus marketplace for HouseWorks and the staff, given the engaging HCBS atmosphere inside the state,” he mentioned. “PA is without doubt one of the largest enrolling states for HCBS members, whereas additionally being a high ten state by way of whole spend. The chance to broaden additional west into key markets like Pittsburgh will even develop our meal supply service and shall be a key precedence for the staff as we shut out 2024 and look forward to 2025.”

Mergers and acquisitions will proceed to play an vital function in HouseWorks' development technique going ahead.

“Whereas natural development stays a high precedence for the staff, we’re additionally dedicated to growing a sturdy M&A pipeline that aligns with our strategic imaginative and prescient,” Trigilio mentioned. “Our focus will stay on continued growth within the Northeast and Mid-Atlantic markets, the place we worth density and the power to supply high-quality care to our affected person base. Figuring out and partnering with robust regional operators will stay a spotlight as HouseWorks continues to broaden its footprint.”

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