Los Angeles, CA — People's Care Holdings, Inc. ("People's Care") and The SAILS Group ("SAILS") have merged to form Redwood Family Care Network ("RFCN" or the "Company"), a preeminent provider of behavioral health services to individuals with intellectual and developmental disabilities ("IDD").
RFCN offers residential, community, and home-based care for children, adolescents, and adults with down syndrome, cerebral palsy, autism, traumatic brain injury, and other IDDs. The Company provides an array of therapeutic modalities including home- and school-based applied behavioral analysis ("ABA") services to individuals on the autism spectrum. RFCN is developing a turnkey behavioral health solution and seeking to align with additional best-in-class providers across California, Nevada, Washington, and other complementary regions.
Founded in 1998, People's Care has grown from a single group home to over 80 residential facilities and day centers serving more than 1,000 clients. As greater coordination and evidence-based care continue to transform the behavioral health sector, this merger enables RFCN to develop comprehensive programs designed to reduce the cost of care while meaningfully enhancing patient outcomes. A fragmented provider universe and disparate payor sources (e.g., federal and state sponsored programs, school district funding, commercial insurance, private pay) often lead to redundancies and inefficiencies. Since inception, each of People's Care and SAILS has introduced multiple service lines—clinical and non-clinical—with a view towards more effectively coordinating care for its expansive patient population.
"Over the past two decades, People's Care has supported its clients in achieving fulfilling lives," said Michael Kaiser, Founder and Chief Executive Officer at People's Care. "[B. Riley] found us the perfect family to join as we look towards favorably impacting countless lives going forward."
"Our shared vision in combining People's Care's and SAILS' networks and capabilities is to provide more community living options for our consumers, thereby becoming the most well-regarded service provider on the West Coast dedicated to children and adults diagnosed with intellectual and developmental disabilities," said Ihab Shahawi, CEO, The SAILS Group.
Legacy FocalPoint Partners, now B. Riley Securities ("B. Riley"), served as the exclusive financial advisor and Pillsbury Winthrop Shaw Pittman served as legal counsel to People's Care.
About People's Care
People's Care provides a full array of behavioral health services and programs designed to support individuals with intellectual and developmental disabilities in achieving safe, independent, and fulfilling lives. The Company's service offerings—spanning California and Nevada—encompass residential care, community based programs, personal assistance services, community integration training, independent and supported living services, and therapeutic modalities such as applied behavioral analysis ("ABA"). People's Care also offers medical services such as primary care to its patient population. To learn more, visit peoplescare.com.
About The SAILS Group
The SAILS Group, Inc. develops and operates service programs and facilities for behaviorally challenged children and adults across California and Washington. SAILS offers residential care homes, supported living services, crisis-management interventions, behavioral ABA consultation, in-home services, training and education, adult behavioral and day care services, consulting and outsourcing, senior home care, and transportation services. The company was founded in 1996 and is based in Costa Mesa, California. To learn more, visit sailsgroup.org.
B. Riley Securities is a leading investment bank that provides a full suite of investment banking, corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring, and recapitalization. The firm is nationally recognized and highly ranked for its proprietary small-cap equity research. B. Riley Securities is a wholly owned subsidiary of B. Riley Financial. For more information, visit brileysecurities.com.