Care Advantage acquires Silver Lining Healthcare
Care Advantage Inc., one of the largest privately owned home health companies in the Mid-Atlantic, completed the acquisition of Silver Lining Healthcare in Dover Dec. 29.
Following the company’s most recent purchase of Elder Care at HomeVB in Virginia Beach, Va., Silver Lining Healthcare becomes the 15th acquisition Care Advantage Inc. has completed since 2018. It also marks the third acquisition since joining forces with Searchlight Capital Partners earlier this year.
Alongside sister companies Capital City Nurses and Coastal Home Care, purchased in 2019, the addition of Silver Lining Healthcare underpins the company’s presence in Delaware as well as its strategic approach of adding premium in-home care providers to its portfolio. Silver Lining Healthcare offers a comprehensive selection of personal care services which are customized to the individual needs of each client.
“Delaware has been one of the states we have been looking to develop for some time, and Silver Lining represented the perfect fit on several fronts. To acquire a premium-level provider with an extensive base of personal care services and with a stellar reputation in the local community checks all the boxes for us,” said Tim Hanold, CEO of Care Advantage.
