New England Geriatrics
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New England Geriatrics - overview
Established
1994
Location
West Springfield, MA, US
Primary Industry
Healthcare
About
New England Geriatrics delivers specialized healthcare solutions for long-term care facilities, ensuring residents receive essential medical, dental, and preventive services tailored to their unique needs. Founded in 1994 and headquartered in West Springfield, US, New England Geriatrics focuses on providing comprehensive healthcare services in long-term care settings. The company was acquired by HealthDrive Corporation in February 2019 for USD 16 mn, expanding its operational capabilities. The CEO of the company is Steven Marcus.
New England Geriatrics specializes in delivering on-site medical and dental services at long-term care facilities. Their team includes Nurse Practitioners, Dentists, and Audiologists, committed to enhancing health outcomes for residents. The company also integrates technology solutions to streamline communication and support, ensuring that healthcare providers can prioritize patient care. Their services cater to nursing homes and assisted living facilities, adapting to the specific needs of each community.
New England Geriatrics generates revenue through partnerships with long-term care facilities, employing a subscription-based model for their healthcare services. Service agreements allow for the deployment of medical professionals, enhancing care quality for residents. Revenue streams involve service fees linked to various healthcare services, including preventive care and mental health support, structured to provide consistent income while addressing the varying needs of each facility. Looking ahead, New England Geriatrics aims to expand its product offerings and geographical presence.
The company continues to design innovative healthcare solutions tailored for long-term care settings. With the recent acquisition by HealthDrive Corporation, the focus will be on strategic expansion into new markets. The funding from the acquisition will support these initiatives, ensuring the continuation of quality healthcare services, while the company explores additional regions for growth in the coming years.
Current Investors
HealthDrive Corporation
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living, Mental Health Services
Website
www.negeriatrics.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
New England Geriatrics - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | New England Geriatrics | - |
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