New York, May 22, 2019 – Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced today that it served as the strategic advisor to home healthcare company People Care in its review of options leading to its recent sale.

“The healthcare landscape is undergoing radical change,” said Carl Marks Advisors Partner Warren Feder, who worked on the deal. “Across the country, and especially in New York, we’re seeing smaller healthcare providers motivated to merge with or sell to nearby competitors to leverage common resources. The result is a national trend toward more services being offered by fewer, larger providers.”

Carl Marks Advisors has served as a financial and strategic advisor to People Care for over a decade, first assisting the company with a program to improve operational efficiency and then providing advice leading to its ultimate sale.

“We see many healthcare facilities facing margin pressures as they grapple with increasingly complicated billing, rapid changes in Medicaid and Medicare, and ongoing wage pressures,” Feder continued. “People Care was forward-thinking in engaging an experienced strategic advisor early in the process, so we were able to pursue a wide variety of options.”

The People Care engagement adds to Carl Marks Advisors’ years of experience in the rapidly changing healthcare sector. In addition to working with home health providers, the firm has provided operational, financial, and investment advisory support to hospitals, skilled nursing facilities, medical equipment providers, and diagnostic centers.