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The acquisition of MedTec Healthcare by Waud Capital Partners represents a calculated move to strengthen their position in the growing senior care market. Through their newly formed Altocare platform, this purchase signals how Reeve Waud continues to shape his firm’s healthcare portfolio with complementary service offerings.
Demographics tell a compelling story behind this acquisition. According to the U.S. Census Bureau, Americans aged 65 and older will grow from 58 million today to over 82 million by 2050. This population shift fuels demand for exactly the type of services MedTec provides – culturally sensitive home care and adult day centers designed for seniors who wish to maintain their independence.
The press release indicates that MedTec Healthcare will join Senior Helpers under the Altocare umbrella. The strategic fit between these organizations demonstrates how the founder of WCP approaches platform building. While both organizations deliver home-based care, they serve somewhat different client populations and payment sources. This diversification creates a more resilient business model less vulnerable to changes in any single market segment.
The strategic fit between MedTec and Senior Helpers, Altocare’s existing portfolio company, demonstrates how the founder of WCP approaches platform building. While both organizations deliver home-based care, they serve somewhat different client populations and payment sources. This diversification creates a more resilient business model less vulnerable to changes in any single market segment.
According to the press release, 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. His extensive background positions him well to guide the combined organization’s growth strategy.
Mr. Waud’s track record with healthcare platforms offers clues about Altocare’s future trajectory. His most notable success, Acadia Healthcare, grew from startup to publicly traded company under his guidance. Similar patterns have emerged with other Waud Capital healthcare investments, including Ivy Rehab and GI Alliance.
This latest acquisition also showcases Reeve B. Waud’s preference for working with experienced healthcare executives. Steve Jakubcanin brings over 20 years of healthcare operating experience in home care and post-acute sectors to Altocare. As a former clinician himself, Jakubcanin represents the blend of financial and operational expertise that has characterized successful WCP healthcare investments.
Looking ahead, MedTec’s integration into Altocare positions the Chicago-based private equity firm to capitalize on several emerging trends in senior care: the preference for aging in place, the demand for culturally competent services, and the growing role of adult day programs as complements to home-based care.
For industry observers familiar with Reeve Waud’s investment patterns, the MedTec acquisition likely signals the beginning rather than the end of Altocare’s growth story. If past Waud Capital platforms offer any indication, further acquisitions will follow as the firm seeks to build Altocare into a market leader within home healthcare services.
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