Healthcare services company ModivCare Inc. (Nasdaq: MODV) is buying patient care provider CareFinders Total Care LLC for $340 million.
CareFinders offers personal patient care in the Northeast with a presence in New Jersey, Pennsylvania and Connecticut. The target delivers about 10 million hours of care annually to over 7,500 patients through its more than 6,200 caregivers.
“Creating healthier communities means providing connections to more reliable care and being the partner of choice for caregivers, and for the payors and states we serve,” says ModivCare CEO Daniel Greenleaf.
Jefferies LLC and Gibson, Dunn & Crutcher LLP are advising ModivCare. Moelis & Co., J.P. Morgan Securities LLC and Paul, Weiss, Rifkind, Wharton & Garrison LLP are advising CareFinders.