Waud Capital Partners announced the acquisition of MedTec Healthcare, a provider of in-home care and adult day services. This deal represents a significant milestone in Waud Capital’s strategy to build a market-leading platform in home-based care services through its newly formed holding company Altocare.
MedTec will join Senior Helpers under the Altocare umbrella, creating a comprehensive home care platform that focuses on serving private-pay and Medicaid-supported clients. In connection with the acquisition, MedTec Healthcare and Senior Helpers will continue to operate under their existing brands and leadership.
Steve Jakubcanin (an Executive Partner at Waud Capital with over 20 years of healthcare operating experience in home care and other post-acute sectors) will serve as Altocare’s Executive Chairman. As a former clinician and experienced executive, he brings a deep understanding of multi-site operations and patient care and has successfully scaled organizations through both organic and inorganic strategies.
KEY QUOTES:
“This acquisition represents a significant step in our vision to create a leading home care platform that delivers best-in-class care. MedTec Healthcare’s dedication to quality and its strong market presence align perfectly with our mission. We look forward to working together to enhance home care services and improve outcomes for the clients and families we serve.”
Steve Jakubcanin
“This marks an exciting new chapter for MedTec Healthcare. Joining forces with Altocare and Waud Capital Partners presents a tremendous opportunity to expand our impact and elevate the quality of care we deliver to our clients and their families. With shared values and a commitment to innovation, we look forward to building a stronger future together and continuing to serve our communities with excellence and compassion.”
Shihwan Chung, CEO of MedTec Healthcare
