NASHVILLE – Nashville-based Cura Partners LLC announced today the acquisition of the assets of Aid & Assist At Home, Inc., a premier provider of non-medical home care and support services to seniors and the disabled. The effective date of the transaction was July 1, 2010.
“Aid & Assist At Home has built a reputation as one of the premier providers of non-medical care and support services for the elderly among families and institutions in Tennessee and Virginia,” said Stuart Brunson, the chairman and CEO of Cura Partners LLC. “We intend to continue that commitment to high-quality, affordable care and grow the business in its current service area and beyond.”
Aid & Assist At Home is headquartered in Bristol, Tenn., with additional Tennessee offices in Chattanooga, Jackson, Johnson City, Knoxville and Nashville. The company has 46 full-time employees and more than 1,000 part-time caregivers.
Brunson, a former deputy governor of Tennessee, is joined in this venture by David Coppeans, a former vice president at the investment banking firm Avondale Partners. Coppeans will serve as the new company’s chief financial officer. Diane Price, who has served as president of Aid & Assist At Home, Inc., since she co-founded the company in 2005, will maintain the role of president with the new venture.
Financing for the deal was provided by Avenue Bank, under the direction of Senior Vice President Carol Titus. Legal services for the transaction were provided by Charles Robert Bone and Trace Blankenship of the law firm Bone McAllester Norton. The purchase price and other details of the transaction remain confidential.