Just over a year ago, Advocate Aurora Enterprises – the investment arm of the Wisconsin- and Illinois-based health system – announced its first acquisition: Maryland-based in-home senior care provider Senior Helpers.
After accounting for acquired cash, AAE paid $183.7 million for Senior Helpers, according to company filings. The deal marked the then-newly launched Advocate Aurora Health subsidiary’s entry into the corner of the consumer wellness market focused on helping people age independently.
Last month, AAE added to its portfolio when it closed on the acquisition of a second senior-wellness-oriented company, MobileHelp. The addition of the Florida-based provider of personal emergency response systems and remote patient monitoring builds out AAE’s suite of services that help people age safely in their homes.