The formation of Altocare and subsequent acquisition of MedTec Healthcare reveals Reeve Waud’s methodical approach to constructing healthcare platforms. This strategic blueprint, refined through multiple successful healthcare ventures, showcases how Waud Capital Partners transforms promising companies into industry leaders.
Altocare now unites two complementary home healthcare organizations – Senior Helpers and MedTec Healthcare – under a single corporate umbrella. While maintaining their established brands and leadership teams, these companies will benefit from shared resources and expertise. This structure typifies how the founder of WCP balances centralized strategic oversight with operational autonomy.
Steve Jakubcanin, appointed as Altocare’s Executive Chairman, brings extensive healthcare experience to the platform. His background as both a clinician and executive exemplifies the blend of medical and business acumen that Reeve B. Waud favors when selecting leadership for his healthcare ventures.
The press release states that Steve Jakubcanin, appointed as Altocare’s Executive Chairman, brings extensive healthcare experience to the platform. His background as both a clinician and executive exemplifies the blend of medical and business acumen that Reeve B. Waud favors when selecting leadership for his healthcare ventures.
The Altocare blueprint resembles previous Waud Capital healthcare platforms. Acadia Healthcare, which Mr. Waud founded in 2005, followed a similar development path – beginning with a core operation and systematically adding complementary facilities and services. Today, Acadia operates 260 facilities across 40 states and Puerto Rico, serving approximately 75,000 patients daily.
MedTec brings valuable capabilities to the Altocare platform beyond traditional home care. Their adult day centers offer transportation, meals, and social activities for seniors – services that create additional revenue streams while addressing broader client needs. This comprehensive approach mirrors how the Chicago-based investor structured previous healthcare enterprises to deliver multiple service lines.
The geographic footprint of MedTec, primarily serving Illinois communities, provides Altocare with concentrated regional strength. This focus allows for operational efficiencies while establishing a model that can be replicated in other markets. Such controlled geographic expansion typifies WCP’s measured approach to scaling healthcare platforms.
Based on Waud Capital’s track record with healthcare platforms, industry observers anticipate further acquisitions for Altocare. Since founding his firm in 1993, Waud and his team have completed more than 480 investments, including numerous follow-on acquisitions for platform companies.
The balanced payer mix strategy also follows Waud’s established healthcare playbook. By serving both private-pay and Medicaid-supported clients, Altocare reduces regulatory risk while maximizing market opportunity. This diversified approach mirrors Acadia Healthcare’s payer structure, which includes commercial insurance, Medicare, Medicaid, and self-pay sources.
For professionals studying private equity healthcare models, Altocare exemplifies Reeve Waud’s systematic approach to platform building. The acquisition of MedTec represents just the beginning of what, based on historical patterns, could develop into a major home healthcare enterprise over the next 5-7 years as Waud Capital’s proven blueprint unfolds.