partners with SageHome to acquire New Bath Today Inc, establishing a North American aging-in-place service
Summary
It combines professional design and installation teams, with occupational therapists expertise, to create a stylish, functional and safe living space that allows seniors to remain independent in their homes. NBT has 90 employees, plus a team of vetted and accredited sub-contractors.Mike and Ryan Redman, NBTs founding CEO and President respectively, will continue to lead the business, collaborating with the SageHome team to expand geographically, as well as into adjacent products and services, while continuing to prioritize a high-level of customer care and satisfaction.Mike Redman, NBTs CEO said: We are delighted to be collaborating with SageHome and are excited by the partnership. We commit considerable time to support each of our management teams to achieve their commercial ambitions so I am looking forward to working with Brian and his team.The transaction was led by Dr Amit Thaper, who said, The SageHome thesis addresses a large and rapidly growing market, that has a significant unmet need. Cairngorm Capitals unique mix of sectoral expertise and investment skill enables it to be actively involved in the strategy and operational focus of portfolio companies, partnering with management teams to grow revenue, enhance margins, improve cash flow or consolidate industry leadership positions.SageHome Inc. Headquartered in Atlanta, Georgia, SageHome bridges the significant gap between healthcare and proactive home modification. SageHomes mission is to provide a full service, national solution to the market, which will enable the aging US population to live independently in their homes and help to reduce hospital readmissions.