The Care Group of Texas
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The Care Group of Texas - overview
Established
1987
Location
Houston, TX, US
Primary Industry
Travel & Leisure
About
The Care Group of Texas provides specialized pediatric home healthcare services, ensuring children with complex medical needs receive essential support in a comfortable environment. Founded in 1987 and headquartered in Houston, US, The Care Group of Texas specializes in pediatric home healthcare. It has undergone a strategic acquisition in December 2014, when 747 Capital, Bowside Capital, and Elm Creek Partners acquired the company, although financial terms were not disclosed. The company has completed one deal to date.
The Care Group of Texas specializes in providing comprehensive healthcare solutions tailored for children with medical complexities. Their services include respiratory therapy, clinical nutrition, nursing services, and durable medical equipment, supporting children with conditions such as spina bifida and bronchopulmonary dysplasia. The customer base consists of families requiring specialized care and healthcare providers referring patients, with services offered across urban and suburban areas throughout the United States. The Care Group of Texas generates revenue through direct-to-consumer services and partnerships with healthcare providers.
Revenue is derived from service agreements tailored to each child's medical requirements, encompassing respiratory support, dietitian consultations, home nursing, and durable medical equipment like feeding pumps and ventilators. The structure typically involves contracts for ongoing care, ensuring continuous support for patients, although specific pricing plans are not detailed. The Care Group of Texas aims to enhance its offerings by introducing new pediatric healthcare products and expanding its services into additional markets across the US. The management is leveraging the funding received during the December 2014 acquisition to support these growth initiatives.
The company is focused on increasing its presence in underserved regions, enhancing its service delivery to meet rising demand for at-home pediatric care.
Current Investors
747 Capital, Elm Creek Partners, Bowside Capital
Primary Industry
Travel & Leisure
Sub Industries
Fitness & Wellness Facilities
Website
www.caregrp.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
The Care Group of Texas - 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 | Walson | - | ||||||||
| Buyout | Completed | The Care Group of Texas | - |
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