Generational Equity Advises Inteli-Care in its Sale to 24 Hour Home Care, a Company under TEAM Public Choices

By Generational Equity

12/02/2022

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Inteli-Care LLC to 24 Hour Home Care, a company under the national home care organization TEAM Public Choices. The transaction closed on November 16, 2022.

Founded in 2003, Inteli-Care (IC), located in Albuquerque, New Mexico, is a licensed and bonded Tier 1 authorized provider of personal care services. Inteli-Care’s caregivers and personal care attendants provide the highest quality of care with a wide range of non-medical services including light housekeeping, meal preparation, mobility assistance, companionship, cognitive assistance, medication reminders, and assistance with bathing and toileting. Each service plan is custom designed to meet the specific client needs. With a superior industry reputation, strong customer relationships, recurring monthly accounts, and a solid management team, IC is well-positioned for continued growth.

Inteli-Care was wholly owned by Onesimo “Mo” Vigil, CEO, and Rachel Vigil, Executive Director. Post-closing, both Mo and Rachel will be partners of the acquirer and continue in their respective roles and positions.

24 Hour Home Care is a trusted in-home care company that provides friendly and reliable home care services to seniors and children with disabilities. 24 Hour Home Care started in 2008 in Los Angeles and has since expanded across California and Arizona. By putting people first, striving for excellence, and investing in purposeful innovation, 24 Hour Home Care redefines what it means to care.

TEAM Public Choices (TPC) is a leading facilitator of caregiver supports for people with disabilities and the elderly, with an emphasis on empowering self-direction and consumer choice. It enables individuals to receive care in settings of their own choosing, leading to lower costs, better health outcomes, and better quality of life.

Don Ho, Managing Director M&A with Generational Equity, was the lead dealmaker that successfully closed the transaction. Don Ho was supported by Executive Managing Director of M&A – Central Region, Michael Goss. Senior Managing Director Rick Buchoz established the initial relationship with Inteli-Care.

“We are incredibly honored to be help our clients do a deal with 24 Hour Home Care and TEAM Public Choices. The synergies are obvious, and we know that Inteli-Care/24 Hour will be the dominant healthcare provider of personal care services in New Mexico in the near future,” said Mr. Ho. “Additionally, this acquisition will allow Inteli-Care to serve its clients better as well as create new opportunities for its staff.”

“Inviting Inteli-Care to join our team was a natural next step for both of our organizations,” said Ryan Iwamoto, President & Co-founder of 24 Hour Home Care. “We’re excited to partner with Inteli-Care in providing in-home care to the most vulnerable populations. This is truly in line with the services we currently provide to seniors and people with disabilities and allows us to impact more lives on a greater scale.”