Explore your opportunities with ResCare
Have you ever thought about retiring? Doing something else? Enjoying the freedom to focus on your clients and staff, without worrying about billing, insurance costs, cash flow, or any of the dozens of other administrative aspects of your agency?
Are you so totally consumed with managing and growing your business – working in the business – that you don’t have time to work on your business or your exit strategy? ResCare may be able to help. Acquisitions and management contracts have increasingly emerged as common responses to the growing challenge of running a human services business independently.
Acquisition What Does it Mean?
How would it Work?
ResCare’s Reputation
Contact us
One Owner’s Story
Acquisition What Does it Mean?
In an acquisition, ResCare purchases the assets or stock of the agency from its owners and assumes control of operations. However, there are numerous options. For instance:
If you want to be involved in operating and growing the business with ResCare?
ResCare will consider employment that leverages your knowledge and experience.
If you want to retain key employees?
ResCare will consider accommodating your workforce.
If you want to work part time?
ResCare will consider a consulting agreement.
If you want to get out of the business?
ResCare will consider securing new management or promoting from within the agency.
An alternative to acquisition is a management contract with ResCare. This may be especially appealing to a non-profit agency whose board wants to retain more control over the agency’s mission and direction.
How would this work?
It is essential to know that any discussions with ResCare are handled with the utmost discretion. The acquisition process includes the following steps:
- identifying each party’s needs
- signing a confidentiality agreement
- sharing preliminary or summary information
- establishing the “value” of the company and its assets
- structuring the terms and price
- signing a letter of intent summarizing the transaction
- performing due diligence and inspections of the company and its operations
- signing the final agreement between the parties
- closing the transaction and payment of the purchase price
- transition of operations to ResCare ownership
ResCare is prepared to respond in a timely manner and expedite this process, but it may also be controlled or stopped by the seller at any time during the discussions.
Our Reputation
Delivering effective support and services with sensitivity to the individuals supported, their families, and other stakeholders is paramount to success in service deliver to people with special needs. ResCare’s reputation for quality can be confirmed by numerous professionals in the field. Please ask for the names of those involved with ResCare in acquisitions or management contracts.
Contact Us
We appreciate your interest in ResCare and welcome your inquiries. For a confidential discussion or additional information about how you can begin to explore an acquisition arrangement or management contract with us, please contact:
Brian Bruenderman
Director of Development
ResCare
9901 Linn Station Road
Louisville, KY 40223
Phone: 502.394.2402
Email: BBruenderman@ResCare.com
One owner’s story
Selling my business was a difficult decision; I had many concerns and questions, including:
“Is it the right time to sell?”
“Who will best be able to carry on the goodwill, trust, and legacy I’ve built?”
“How do I get top dollar for my business?”
“What will happen to my staff?”
From the start, the development folks at ResCare have always been approachable, considerate, and professional. They helped me understand what my options were and how the process works. They made impressive effort to satisfy my concerns and I was confident they would be able to effectively manage my business with the same dedication and passion that I had. I’ve been happy with the acquisition and the transition after the sale. I’m also impressed with the people that work for ResCare. They made every effort to keep my staff and even offered them opportunities that I couldn’t give them. I have no doubts that the people ResCare recruits are the very best in the business!
Shane Hull
Former Owner,
Home Care-Giver Services
