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Massachusetts Home Care Provider Best Of Care, Inc. Acquires Moving Mentor Inc.

Jan 19, 2023almost 3 years ago

Acquiring Company

Best of Care

Acquired Company

Moving Mentor

HospitalityHealth Care

Description

Supporting the move of an older family member from their beloved long-term home can be one of the most anxiety-ridden events a family will experience, especially when a variety of services must follow the person. To support their growing and interconnected needs, Best of Care, Inc., one of Massachusetts’ most reputable, legacy home care and care management providers, has acquired Moving Mentor, Inc., a first-of-its-kind move management, organizing and consulting company serving the northeast, New York City and vicinity.

Company Information

Company

Best of Care

About

Best of Care is a private, family owned and operated, non-medical home care agency that also offers care management through its care management division TUCKed In Eldercare, and move management and organizing services through its move management division Moving Mentor. Best of Care was established in 1981 by Founder and co-owner, Stephen Smith, in Quincy, Mass. Stephen’s son, Kevin Smith, joined Best of Care in 2007. Best of Care employs more than 400 home care aides, administrative staff, care managers, nurses, and move managers who work with older adults and individuals with disabilities across Massachusetts. In addition to Best of Care’s eleven state-funded home care contracts with Massachusetts’ Aging Services Access Points (ASAP) network, Best of Care also works with private pay clients, the Veterans Administration, Program of All-Inclusive Care for the Elderly (PACE), long term care insurance carriers, and independent living communities. Visit BestofCareInc.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed