Wayne, Penn., Dec. 1, 2021 — McBee advised TEAM Services Group (TEAM), a portfolio company of Alpine Investors, on the acquisition of 24 Hour Home Care, a California-based provider of non-medical home care to seniors and individuals with intellectual and developmental disabilities (I/DD).
TEAM provides household employment and home care solutions to individuals and families across the country. The group operates through two divisions, TEAM Risk Management Strategies, serving fiduciaries with full-service household employment solutions; and TEAM Public Choices, assisting individuals and programs to support self-directed home care. 24 Hour Home Care will continue to operate under its own name within the TEAM Public Choices division, with the same mission to provide high quality service to its clients.
“This acquisition highlights TEAM’s active commitment to expanding their positive impact across the country by way of partnerships in the home care space,” said McBee President Mike Dordick. “This transaction marks the company’s 65th home care focused investment in the past six years as they continue to meet the increasing needs of the evolving healthcare industry.”
TEAM engaged McBee for the buy-side clinical and billing compliance diligence to perform an analysis on the documentation, coding and billing compliance for the prospective acquisition. During this transaction process, McBee conducted internal process reviews of billing policies and procedures to provide regulatory and clinical operation insight of 24 Hour Home Care.
“Through this partnership, we can further support 24 Hour Home Care’s goal of becoming the largest non-medical home care company focusing on private pay, I/DD services and Medicaid personal care,” said Raj Das, senior associate, Alpine Investors. “The support and insight that McBee provided throughout the transaction process was extremely thorough and informative, and ensured we could have a high degree of confidence that we were partnering with a best-in-class company in 24 Hour Home Care.”
About TEAM Public Choices
TEAM Public Choices is a leading facilitator of support for the elderly and people with disabilities, with an emphasis on empowering self-direction and consumer choice. TPC understands that programs that allow individuals to receive care in settings of their own choosing result in lower costs, better health outcomes, and an improved quality of life. TPC currently operates in 24 states. For more information, visit http://www.teampublicchoices.com.
About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a CEO program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund. For more information, visit http://www.alpineinvestors.com.
McBee is a recognized leader in providing financial, clinical and operational strategic advisory services that have addressed the unique needs of more than 3,800 providers across the healthcare industry. Since 1973, McBee has designed services to address challenges and ensure the success of healthcare organizations across the continuum of care by delivering meaningful insights, tailored strategies and sustainable results. With an average of over 20 years’ experience, McBee’s consulting professionals have extensive expertise and in-depth knowledge of healthcare regulations and policies. Health systems, physician groups, home health, hospice, long-term care, skilled nursing and other healthcare organizations across the nation look to McBee to provide comprehensive services and expert resolution of the various challenges they encounter. McBee’s unwavering dedication backed by their industry knowledge has made them one of the largest, well-regarded healthcare consulting firms in the country. McBee is located in Wayne, Pennsylvania. Visit us at McBeeAssociates.com. Follow us on Twitter and LinkedIn.
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