These acquisitions enabled Sevita to serve 19,800 more individuals
Sevita onboarded 11,600 new employees while achieving retention rates far exceeding industry benchmarks
Sevita accelerated revenue and earnings growth—leading to continued re-investment in services
With a mission to help individuals grow, learn, and be as independent as possible, Sevita has provided home and community-based health care for more than 50 years.
Sevita serves approximately 50,000 children and adults with intellectual and developmental disabilities, complex care needs, people recovering from brain injuries, seniors in need of assistance, and other individuals who may require lifetime care. Today, Sevita has approximately 45,000 employees in nearly 40 states.
Sevita has extensive experience in M&A and a commitment to treat each acquisition as a partnership for the benefit of their stakeholders, including individuals served, employees, companies seeking partnership or acquisition, payors, and regulatory agencies. Along with rapid organic growth, Sevita attributes much of its success as the industry leader to this distinct approach to M&A.
In 2020, Sevita accelerated its M&A activities. With the stress of COVID-19—and a highly fragmented provider network—many providers faced staffing and reimbursement challenges. This led to more small providers considering strategic acquisitions, seeking a larger, mission-aligned organization to help continue operations and invest in their growth and success. In response, Sevita pursued 27 acquisitions.
While Sevita was experienced in M&A, conducting dozens of acquisitions in such a short time frame was a new challenge. Success would require managing a complex portfolio of overlapping acquisitions—assessing, integrating, and improving companies across multiple states without disrupting services.
Culture was front of mind. Many small providers in this space are highly mission-oriented and often family-led. They are seeking buyers who have a similar mission focus and will honor their company's purpose and values.
Sevita strives to provide a conscientious, high-touch approach and a positive experience for individuals served and employees. Even as Sevita accelerated its M&A, each acquisition had to come with that high standard of thought and care.
Sevita chose KPMG LLP to support their M&A activity and help reach more individuals.
Sevita and KPMG worked together through the acquisition life cycle—from due diligence (e.g., financial, HR, compliance, clinical coding, tax and operational), to integration, growth, and performance improvement. Identifying opportunities and challenges during pre-close diligence propelled Sevita to more efficiently integrate.
Integration at scale
Performance improvement and investment
Team member engagement
Completing these 27 acquisitions enabled Sevita to serve 19,800 more individuals. Sevita onboarded 11,600 new employees, bringing in new talent and leaders while achieving retention rates far exceeding industry benchmarks. Since 2020, Sevita accelerated revenue and earnings growth—leading to continued de-leveraging, organic growth in new regions, and re-investment. Through these acquisitions, Sevita was able to expand services and support and build on its legacy for high-touch M&A that benefits all stakeholders.
Sevita’s journey is just getting started. Sevita is continuing the rapid pace of M&A activity and investing in new services to realize further growth and benefit more individuals.
Our approach to M&A provides differentiated teams, technology, and solutions. We are uniquely positioned to assist throughout the deal life cycle.