Our affiliate, MFA Capital Advisors, is pleased to announce that it advised Intercity Home Care (“Intercity”) in its strategic sale to Amedisys, a leading home healthcare, hospice and personal care company. Terms of the transaction were not disclosed.
Intercity, a family owned and operated company, provides quality home care to the elderly and disabled in the comfort and security of the place they call home. Its mission is to provide compassionate care and supportive services to people who need assistance by meeting their personal needs and helping them maximize their quality of life. With four locations, the company provides care to patients throughout the Greater Boston, North Shore and Merrimack Valley communities.
Ralph Reinherz, President of Intercity Home Care, commented, “Our family business has been in existence for 50 years. MFA was able to guide us through this emotional experience with expertise and knowledge from an objective perspective. The MFA team worked very closely with our internal team to understand the business and emotional aspects of selling something so personal. Most important was MFA’s ability to connect with us on our goals in passing on the legacy we created and obtaining real value for what we had accomplished.”
“We are very happy to say that we were able to satisfy the objectives of Intercity’s stakeholders which can be challenging when advising multi-generational family businesses. While working with Intercity’s shareholders and its management team, I found them to be extremely well organized and committed to the process which made the transaction much easier all around”, added Laura Moruzzi, Managing Director of the MFA team. “The passion these two companies have for bringing care to the home is commendable and we are pleased that through this acquisition those requiring care in the community will now have an even greater opportunity for quality home healthcare.”