Altocare, home care holding company of Waud Capital Partners, acquires MedTec Healthcare

Waud Capital Partners, a growth-oriented middle-market private equity firm, announced the acquisition of MedTec Healthcare, a provider of in-home care and adult day services. This acquisition represents a significant milestone in Waud Capital’s strategy to build a market-leading platform in home-based care services through its newly formed holding company, Altocare.

MedTec will join Senior Helpers under the Altocare umbrella, creating a comprehensive home care platform that focuses on serving private-pay and Medicaid-supported clients. As part of the acquisition, MedTec Healthcare and Senior Helpers will continue to operate under their existing brands and leadership.

Health Technology Insights: Thomas Priselac, Jim Blazar Join K Health AI Consortium

Steve Jakubcanin, an Executive Partner at Waud Capital with over 20 years of healthcare operating experience in home care and other post-acute sectors, will serve as Altocare’s Executive Chairman. As a former clinician and experienced executive, he brings a deep understanding of multi-site operations and patient care, and he has successfully scaled organizations through both organic and inorganic strategies.

“This acquisition represents a significant step in our vision to create a leading home care platform that delivers best-in-class care,” said Steve Jakubcanin. “MedTec Healthcare’s dedication to quality and its strong market presence align perfectly with our mission. We look forward to working together to enhance home care services and improve outcomes for the clients and families we serve.”

Health Technology Insights: Alithya, OSU Medical Center Go Live with Oracle Scheduling

Shihwan Chung, CEO of MedTec Healthcare, expressed enthusiasm about the transition, stating, “This marks an exciting new chapter for MedTec Healthcare. Joining forces with Altocare and Waud Capital Partners presents a tremendous opportunity to expand our impact and elevate the quality of care we deliver to our clients and their families. With shared values and a commitment to innovation, we look forward to building a stronger future together and continuing to serve our communities with excellence and compassion.”

Health Technology Insights: Biostate AI and Accelerated Cure Project Partner to Develop AI Models for Multiple Sclerosis

To participate in our interviews, please write to our HealthTech Media Room at sudipto@intentamplify.com

Source – PR Newswire

Tags: Altocare, healthcare, home care holding company, MedTec Healthcare, Waud Capital Partners

HealthTech Media Room

HealthTech Media Room is a leading B2B media publication platform providing in-depth coverage of the rapidly evolving healthcare technology and academic research sectors. Specializing in key focus areas such as MedTech, Pharma, Digital Health, Health IT, and Biotech, HealthTech Media Room delivers the latest news, trends, and insights across the entire HealthTech landscape. From breakthrough medical devices and innovative pharmaceuticals to cutting-edge digital health solutions, the platform highlights key players, strategic partnerships, and transformative technologies shaping the future of healthcare. Serving as a trusted resource for industry professionals, thought leaders, and healthcare organizations, HealthTech Media Room is dedicated to driving conversations and knowledge sharing in the global HealthTech community.