originally published at Health - Purple Foxy Ladies
Original founder re-acquires the company which was sold in 2018.
Original founder re-acquires the company which was sold in 2018.
JENKINTOWN, Pa., March 31, 2023 (Newswire.com) - Ustayev Management, Inc. ("UMI"), a privately owned firm, today announced that it has completed the acquisition of SarahCare of Jenkintown ("SarahCare of Jenkintown" or "the Company"), a home and community-based services and adult day care company. Financial terms of the private transaction were not disclosed.
Located in Jenkintown, Pennsylvania, SarahCare, founded in 2008, provides home and community-based services, including Adult Day Care center and Home Care services. SarahCare offers companions, nutrition and medication assistance, shopping, nursing, transportation, therapeutic activities and other services.
Arsen Ustayev was the original founder of the Company, but sold it to a Private Equity firm in 2018. Today, Arsen is happy to announce that the company has been purchased back. Arsen Ustayev will resume his role as the company President and Chief Executive Officer.
"I am pleased to announce that today I am acquiring my old company back and am returning to the operations helm. I strongly believe in the mission of SarahCare and I know with the help of our wonderful team, we can continue the post-pandemic growth of the company.
SarahCare of Jenkintown is located at 261 Old York Rd. Suite A51. Jenkintown, PA 19046. Web address: www.sarahpa.com. Phone number: 215-999-1200.
SarahCare Philosophy
SarahCare keeps families together at home by providing health-related services for those in need of assistance. Founded in 1985, SarahCare is one of the nation's leading providers of home and community-based services. Throughout the years, the company has earned its reputation as a recognized leader in providing qualified professionals to deliver family centered care that helps keep people remain at home and away from institutional facilities.
About Ustayev Management, Inc.
Ustayev Management, Inc. is a privately owned venture capital firm that invests in healthcare, real estate and various other companies in different states. The main focus of the company is quality operations and fast organic growth. Over the past 5 years, the company has had multiple successful acquisitions and mergers as the company continues to grow and expand its operations.
Contact Information:Arsen Ustayev
CEO
(215) 999-1200
Original Source: Ustayev Management, Inc. Completes Acquisition of SarahCare of Jenkintown
