logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Careone Acquires Its First Massachusetts Assisted Living Community

Jun 16, 2023•over 2 years ago

Acquiring Company

Care One Services

Acquired Company

Living Community

MemphisNon ProfitHealth Care

Description

CareOne, a leading, family-owned senior care provider with more than 60 locations in the U.S., has completed the acquisition of Whitney Place at Sharon, formerly owned by SALMON Health and Retirement. The renamed building, CareOne at Sharon, marks a milestone as CareOne’s first assisted living and memory care community in Massachusetts.

Company Information

Company

Care One Services

Location

5668 S REX RD, STE 200

Memphis, Tennessee, United States

About

CareOne is a leading, family-owned senior care provider with more than 60 locations in New Jersey, Massachusetts, Pennsylvania, Michigan, and Connecticut. From independent and assisted living to sub-acute and long-term acute care, CareOne supports residents, patients and their families through every stage of their care journey. The team prides itself in nurturing a people-centered environment and administering a personalized approach to care. This, combined with CareOne's commitment to innovation, allows CareOne to deliver best-in-class clinical service in a place that feels like home. CareOne is where care and community come together to create a better way of aging.

Related People

Sign in to view contact details

Sign in to view contact details

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