Technology investments have become central to private equity’s home healthcare approach, moving beyond simple digitization to fundamental transformation of care delivery models. Waud Capital Partners brings distinctive expertise to this challenge, with founder Reeve Waud having previously allocated $100 million to technology improvements at Acadia Healthcare, demonstrating commitment to innovation that extends beyond typical private equity cost-cutting measures.
The home healthcare sector particularly benefits from technology adoption due to its distributed nature. Unlike facility-based care where staff and patients congregate in central locations, home care involves thousands of caregivers traveling to diverse locations, creating coordination challenges that technology can address. The COVID-19 pandemic accelerated adoption of digital tools, but significant opportunity remains for platforms willing to invest in comprehensive technological transformation.
Building on Proven Technology Investment Models
Reeve Waud’s track record provides a template for technology deployment in healthcare services. At Acadia Healthcare, which Reeve Waud founded in 2005 and took public in 2011, technology investments focused on electronic medical records, patient monitoring systems, staff communication tools, and quality assurance platforms. These investments contributed to Acadia achieving performance levels 3-5 times better than CMS national benchmarks, demonstrating that technology can drive measurable clinical improvements.
The Altocare platform applies similar principles to home healthcare, where technology addresses different but equally critical challenges. Caregiver-client matching represents a fundamental operational issue that sophisticated algorithms can optimize. By analyzing factors including skills, certifications, language preferences, geographic proximity, and personality compatibility, technology improves match quality while reducing coordination costs.
Steve Jakubcanin, Executive Partner at Waud Capital Partners and Executive Chairman of Altocare, brings operational expertise essential for successful technology implementation. His experience scaling healthcare organizations through both organic and inorganic methods includes numerous technology integrations that enhanced rather than disrupted operations. This pragmatic approach prioritizes user adoption and measurable outcomes over technological sophistication for its own sake.
Caregiver-Enabling Technologies
The philosophy guiding Waud Capital’s technology investments emphasizes enabling rather than replacing human caregivers. Mobile applications streamline administrative tasks that consume caregiver time without adding patient value. Digital scheduling eliminates phone tag and reduces no-shows. Electronic documentation replaces paper forms while ensuring compliance. Real-time communication platforms connect caregivers with supervisors when questions arise during visits.
MedTec Healthcare, acquired by Waud Capital Partners in April 2025, exemplifies technology-enabled care delivery. The Illinois-based provider uses technology to coordinate culturally and linguistically appropriate caregiver matching, particularly important for serving diverse urban communities. These capabilities would be impossible to achieve manually at scale but become routine with appropriate technology infrastructure.
Senior Helpers‘ franchise model creates unique technology challenges and opportunities. With 380+ locations operating semi-independently, technology must balance standardization with flexibility. Cloud-based platforms enable consistent service delivery while allowing franchisees to customize for local market needs. This distributed yet connected architecture demonstrates sophisticated understanding of franchise dynamics.
Data Analytics and Predictive Insights
Beyond operational efficiency, technology investments by Reeve Waud’s portfolio companies generate valuable data assets. Patterns in caregiver retention, client satisfaction, and care outcomes inform decisions. Predictive analytics identify at-risk clients before adverse events occur, enabling proactive interventions that improve outcomes while reducing costs.
Kyle Lattner, Partner at Waud Capital Partners, emphasized the importance of technology-enabled growth: “We strongly believe in the value of services that enable seniors to thrive independently and affordably in the comfort of their own homes.” Technology makes this vision economically viable by improving care coordination, reducing administrative overhead, and enabling preventive interventions that avoid costly hospitalizations.
The data generated through technology platforms also supports value-based care contracts increasingly favored by payors. As Medicare Advantage and managed Medicaid programs seek partners capable of managing total care costs, providers with sophisticated analytics capabilities gain competitive advantages. For Reeve Waud, who has managed healthcare payment evolution throughout his investment career, positioning portfolio companies for value-based arrangements demonstrates foresight.
Competitive Differentiation Through Innovation
In an industry where most providers rely on paper records and phone-based coordination, comprehensive technology platforms create substantial competitive moats. Caregivers increasingly expect modern tools comparable to other industries, making technology capabilities crucial for recruitment and retention. Clients and families appreciate real-time communication and transparency that technology enables.
Chris Graber, Partner at Waud Capital leading healthcare investments, positioned technology within broader planning: “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.” That conviction includes believing technology can transform traditional healthcare services sectors.
As Reeve Waud continues building the Altocare platform through additional acquisitions and organic growth, technology infrastructure provides the foundation for integration and scaling. Rather than viewing technology as a cost center, the investment philosophy treats digital capabilities as assets that compound in value over time. This approach, refined through Reeve Waud’s experience with over 500 acquisitions at Waud Capital Partners since 1993, positions Altocare to lead digital transformation in home healthcare while maintaining focus on human-centered care delivery.
