Caregiver Inc., a Fort Worth-based long-term care provider for people with intellectual and developmental disabilities has agreed to acquire the Texas operations of Mosaic services, an Omaha, Nebraska-based services company for a similar population.
Caregiver is Texas’ second largest provider of long-term care for those with intellectual and developmental disabilities, and operates 800 properties in Texas, Tennessee, Indiana, and Ohio. The company has seen rapid growth since its inception in 2015, and Mosaic will mark its 14th acquisition along the way to $200 million in revenue in 2019.
Mosaic operates in ten other states and will transition its Texas services and operations along with the 600 individuals it serves to Caregiver by February. Linda Timmons, Chief Executive Officer of Mosaic, said that funding cuts for disability services have resulted in Mosaic taking a look at the sustainability of its services and locations.
“We believe that the unique challenges Mosaic faces to operate effectively in Texas can more easily be met by an organization like Caregiver, which has a larger and more widespread presence in the state,” Timmons said via release. “Additionally, we are letting people know they always have a choice of providers but that we recommend Caregiver and their affiliates upon their philosophy of service and available resources to support people.”
“Caregiver’s expertise and investments in technology are solving inefficiencies often experienced by smaller companies. As a result, costs go down, the quality of care goes up, and we’re able to expand services to more individuals and their families,” said Mark Lashley, president and chief executive officer of Caregiver via release. “Our partnership with Mosaic means conscientious and hard-working team members will have the opportunity to provide personalized services with compassion and respect to even more Texans with disabilities.”
Caregiver operates under the brands Daybreak, Southern Concepts, St. Giles Living Centers, and Unified Care Group in Texas.
