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TRANSACTIONS

Joliet, Illinois-based Newsome Home Health Care has been acquired by Lorient Capital-backed PurposeCare. Mertz Taggart provided exclusive M&A advisory services in connection with this transaction, representing the Newsome team. Established in 2010, with four owners, the four-star agency grew into one of the largest independent Medicare home health providers in Illinois, providing care for over 800 patients, daily. “We explored several options before turning to the Mertz Taggart Team. They catered to our company's needs and were equally as passionate about finding us the right buyer as we were,” said Greg Newsome, co-owner, “The quality of potential buyers that Mertz Taggart brought to the table gave us several options and ultimately a group we knew we would work well with.” Co-owner Bart Singletary added, “The Mertz Taggart team was invaluable. We couldn’t be happier. We would have never gotten the deal we got without their efforts and process.” “We are thrilled to add the Newsome team to the PurposeCare platform,” said PurposeCare CEO, Rich Keller, “Their clear commitment to quality validated by expertise as a Certified Medicare Home Health Agency will provide PurposeCare with a strong foundation as we continue to build throughout Illinois and the Midwest.” The agency will continue to operate under the Newsome name and serve as PurposeCare’s Medicare Home Health platform. For more details, contact: Cory Mertz Managing Partner (770) 888-1171 cory@mertztaggart.com