New MainStream Capital and MBF Healthcare Partners have announced the merger of Tennessee-based SunCrest Healthcare and Florida-based OMNI Home Care, creating one of the largest post-acute care providers of home health services in the southeastern United States.
Officials say the combined company will have revenues approaching $200 million, operate more than 75 branches across 10 states, employ more than 3,000 healthcare professionals and also provide private duty outpatient rehabilitation and hospice services in select markets.
NMS and MBF will share joint ownership of the company, which will be headquartered in Coral Springs, Fla.
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“We’re creating a stronger company that will continue to provide quality, compassionate services to our patients and their families in their homes,” said John W. (Wally) Dant III, president and chief executive officer of SunCrest Healthcare. “We recognize the valuable relationship with our employees, referral sources and the growing list of communities we serve. These values are deeply rooted in each of our companies, so this merger will be beneficial on so many levels."
“We have been searching for a quality provider and company that could fill the geography gap between OMNI’s successful operations in Florida and Pennsylvania, and the addition of SunCrest has fulfilled that requirement,” said Jorge Rico, managing director of MBF Healthcare Partners.