Genworth Financial, Inc. Acquires National Elder Care Referral Systems, Inc.
Scott-Macon's Healthcare Group provides merger and acquisition services.August 2010
Scott-Macon’s Healthcare Group acted as exclusive financial advisor to National Elder Care Referral Systems, Inc., also known as CareScout in the acquisition.
Genworth Financial, Inc. (NYSE: GNW), an international financial services organization, has acquired CareScout, a leading provider of long term care support services in the United States.
CareScout is a privately held firm headquartered in Wellesley, Massachusetts, and a Genworth vendor for the past 10 years. The company is dedicated to helping Americans make informed, intelligent eldercare decisions. CareScout has connected thousands of families to appropriate providers through their extensive data on nursing homes, assisted living facilities and home care agencies. In addition to their proprietary facility rating system, CareScout delivers decision-making tools and care coordination services including in-home assessments, plan of care development and ongoing care coordination to ensure consumers receive appropriate care and services as their needs change.
About Scott Macon’s Healthcare Group and M&A Services
Scott-Macon’s Healthcare, Medical & Pharmaceutical Group’s professionals have completed over 170 mergers, acquisitions and financing transactions with an aggregate value in excess of $5 billion. Companies served include domestic and international privately-held businesses, mutual and not-for-profit organizations, publicly-traded companies and private equity firms.
Scott-Macon professionals have extensive experience, both domestic and international, in advising clients on the purchase or sale of companies, subsidiaries or business units in a broad range of industries. The firm and its professionals have successfully executed transactions for large publicly traded companies, private equity firms, and closely-held or family businesses.