Fort Worth-based Caregiver Inc. intends to purchase competitor’s Texas operations
A Fort Worth-based long-term care services company announced on Wednesday that it intends to purchase a segment of a competitor’s operations.
Caregiver Inc. will buy the Texas assets of Mosaic, which is based in Nebraska. The companies offer services to people with intellectual and developmental disabilities.
The transition will be complete by Feb. 15, Caregiver said. The company did not disclose the terms of the acquisition.
Caregiver operates in Texas under the brands Daybreak, Southern Concepts, St. Giles Living Centers and Unified Care Group.
“Caregiver’s expertise and investments in technology are solving inefficiencies often experienced by smaller companies. As a result, costs go down, the quality of care goes up, and we’re able to expand services to more individuals and their families,” Mark Lashley, Caregiver’s president and chief executive officer, wrote in a statement.
Caregiver operates 800 properties in Texas, Tennessee, Indiana and Ohio and employs 3,900 people. It said its 2019 revenues were about $200 million.
