Family Tree In-Home Care to Acquire CareTemps, L.L.C.


Houston, TX -- (SBWIRE) -- 01/04/2018 -- Houston, Texas-based Genova Health, LLC has entered into a definitive agreement whereby CareTemps, L.L.C., a premier provider of home care and care management services, will be joining the Genova Health family of companies. The transaction is expected to close January 28, 2018. Under the terms of the agreement, Genova Health's portfolio company Family Tree In-Home Care will acquire substantially all of the assets of CareTemps, and the combined entity will operate under the Family Tree brand. The entire team at CareTemps, including management, will continue with Family Tree.

"Joining forces with CareTemps aligns with our strategy of becoming the leading solution for clients to age in place wherever they call home," stated Alex Bonetti, CEO of Family Tree and Genova Health. "We couldn't think of a better fit than CareTemps to join our family."

"I am very excited to enter this new chapter in the life of CareTemps," shared Marilyn Drane, President of CareTemps. "Family Tree is a truly innovative and mission-driven company. It didn't take long before we realized we shared the same vision." Drane will remain intimately involved with the company going forward to help carry on this vision.

This agreement further solidifies Family Tree's position as the premier personal care provider in the Greater Houston Area. The acquisition of CareTemps is part of Family Tree's strategy to add prominent leaders with significant industry expertise to the Family Tree team in every market the company serves.

"For over two decades, CareTemps has maintained its reputation as a top-tier and high-touch home care operator. The company has enjoyed strong and well-established relationships with referrals sources and physicians enabling them to offer best-in-class service to clients," stated Daniel Gottschalk, President of Family Tree and Genova Health. "We are looking forward to helping them continue their legacy."

About Family Tree
Founded in 2011 by Alex Bonetti, Family Tree is a growing home care agency with four locations in the Greater Houston Area, including the Texas Medical Center, West Houston, The Woodlands, and Clear Lake. The company provides private duty home care and private duty nursing services, including caregiving and care management services.

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About CareTemps
CareTemps was founded over 20 years ago by Marilyn Drane, a Certified Geriatric Care Manager and an advocate for seniors in the Houston community. CareTemps is a provider of private duty home care and care management services, including liaising during medical visits, insurance and benefits negotiations, medical records management, and full-service care coordination.

For more information, please contact:
Kevin Baxter
Family Tree In-Home Care
Houston, Texas