Fortune’s recognition of Senior Helpers arrives as Waud Capital Partners executes a broader vision for integrated home care services through Altocare. The holding company, formed in April 2025 to combine Senior Helpers with MedTec Healthcare, represents Reeve Waud’s sophisticated approach to building comprehensive care platforms that serve both private-pay and Medicaid-supported clients across the socioeconomic spectrum (https://www.waudcapital.com/en/media/waud-capital-partners-announces-the-acquisition-of-senior-helpers/).
Altocare’s creation reflects thinking beyond simple consolidation. By maintaining distinct brand identities while sharing operational infrastructure, the platform preserves local market positioning while achieving enterprise-scale efficiencies—a balance refined through Waud Capital’s three decades of healthcare investing experience.
Comprehensive Service Architecture
The Altocare platform combines Senior Helpers’ non-medical home care franchise network with MedTec’s in-home care and adult day services. This service diversification addresses varying client needs and payment capabilities, from private-pay clients seeking companion care to Medicaid beneficiaries requiring comprehensive support services.
Steve Jakubcanin, serving as Altocare’s Executive Chairman, brings the operational expertise needed to integrate distinct service models. His 20-year healthcare background spans home care and post-acute sectors, providing perspective on coordinating across care settings and reimbursement structures.
The platform approach enables service coordination that benefits clients while creating operational efficiencies. A client might begin with Senior Helpers’ companion services, transition to MedTec’s adult day programs, and receive specialized support for chronic conditions—all within the Altocare ecosystem.
Market Positioning
Altocare’s dual focus on private-pay and Medicaid populations provides recession resilience while capturing growth across market segments. Private-pay services offer higher margins and operational flexibility, while Medicaid programs provide steady revenue streams and serve community needs. This balanced approach reduces dependence on any single payor source.
Reeve Waud’s experience building diversified healthcare platforms informs this approach. His founding of Acadia Healthcare in 2005 created a behavioral health system serving various payor types across multiple service settings. That platform’s growth from startup to publicly traded company demonstrates the value of balanced payor mix (https://en.wikipedia.org/wiki/Acadia_Healthcare).
Operational Excellence Through Scale
Creating Altocare enables investments in operational capabilities that neither Senior Helpers nor MedTec could justify independently. Centralized functions including revenue cycle management, compliance monitoring, and technology infrastructure serve both operating companies while preserving their distinct market identities.
Chris Graber, Partner at Waud Capital leading healthcare investments, emphasized this systematic approach: “Our partnership with Senior Helpers is another key example of the Waud Capital strategy of matching experienced executive talent with industry-leading companies in sectors where we have deep conviction” (https://www.waudcapital.com/en/media/waud-capital-partners-announces-the-acquisition-of-senior-helpers/).
The platform’s scale justifies sophisticated technology investments including electronic documentation systems, workforce management platforms, and data analytics capabilities. These tools enhance operational efficiency while improving service quality—benefits reflected in Senior Helpers’ Fortune workplace recognition.
Geographic and Service Expansion
With Senior Helpers operating in 44 states plus international markets and MedTec’s regional presence, Altocare possesses significant geographic reach. This footprint provides multiple avenues for growth: expanding existing services into new markets, introducing new services to established markets, and pursuing acquisitions to fill geographic or service gaps.
The platform targets adding 35 Senior Helpers locations in 2025, building on 30 additions in 2024. With approximately 500 territories available for franchise development, organic growth potential remains substantial. MedTec’s expansion opportunities complement this franchise growth with company-operated service extensions.
Integration with Broader Healthcare Ecosystem
Altocare’s development coincides with Waud Capital Partners’ broader healthcare investment initiatives. The July 2025 partnership with Bill Mixon to pursue medical supply chain investments creates potential synergies, as home care providers require equipment, supplies, and technology to serve clients effectively (https://www.prnewswire.com/news-releases/waud-capital-partners-forms-new-partnership-with-experienced-healthcare-executive-bill-mixon-302508155.html).
These interconnections across Waud Capital’s portfolio—spanning home care, medical supplies, and post-acute services—position the firm to capture value throughout the care continuum. Reeve Waud’s vision extends beyond individual investments toward integrated healthcare ecosystems.
Quality and Culture Preservation
Senior Helpers’ Fortune recognition demonstrates that platform consolidation need not compromise organizational culture. By maintaining distinct brands and leadership teams while sharing infrastructure, Altocare preserves the local relationships and workplace cultures that drive success in home care markets.
Peter Ross’s continuity as Senior Helpers CEO ensures franchise partner confidence, while MedTec maintains its operational leadership. This stability, combined with additional resources from Waud Capital, enables both organizations to enhance rather than compromise their distinctive strengths.
Future Platform Development
Altocare’s structure accommodates additional acquisitions and service line extensions. The platform could expand into related services including hospice care, skilled nursing, or specialized disease management programs. Each addition would leverage existing infrastructure while contributing new capabilities.
Kyle Lattner, Partner at Waud Capital, articulated the growth vision: “We are excited to partner with Steve, Peter, and the Senior Helpers team to continue providing best-in-class client care and exceptional support to our franchisee partners while also capitalizing on significant opportunities to expand the company’s footprint and services” (https://www.prnewswire.com/news-releases/waud-capital-partners-announces-the-acquisition-of-senior-helpers-302095268.html).
The Altocare platform exemplifies sophisticated private equity investment in healthcare—building integrated service networks that benefit multiple stakeholders while generating attractive returns. Under Reeve Waud’s leadership, the platform demonstrates how thoughtful consolidation can enhance care delivery, workplace satisfaction, and business performance simultaneously. Fortune’s recognition of Senior Helpers validates this approach, suggesting that Altocare’s integrated model can maintain excellence while achieving scale.
