Nautic offloads All Metro Health Care to One Equity


care-home5_sqMid-market private equity firm Nautic Partners has sold home care agency All Metro Health Care Services.

The firm sold the company to New York-headquartered One Equity Partners, the private merchant banking arm of JPMorgan Chase.

One equity said that it will help All Metro extend its capabilities into new markets through strategic acquisitions.

The deal comes just 17 months after Nautic partnered with management to acquire All Metro.

A spokesperson for Nautic declined to provide an exit multiple.

Nautic managing director Chris Crosby said, “During our ownership period, the company continued its strong growth trajectory while maintaining its high focus on patient care.

“ The successful acquisition of CareGivers America (CGA) expanded the Company’s footprint into Pennsylvania in a meaningful way and brought strong local management talent.

Founded in 1955, All Metro is a provider of home and community based services in New York, Pennsylvania, New Jersey and Florida.

It also boosts two specialty home care waiver programs in New York, which provide the necessary services required to allow nursing home eligible individuals and individuals with traumatic brain injuries to remain in community settings rather than nursing homes.

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