Paul Mastrapa replaces Jennifer Sheets as CEO of Interim HealthCare, the company announced Friday.
Sheets has served as Interim’s President and CEO since January 2019. She has also served as President and CEO of Caring Brands International, the parent company of Interim, UK-based Bluebird Care and Australia-based Just Better Care.
Mastrapa will also assume the role of President and CEO of Caring Brands International.
“I am honored to take on this new leadership role at Interim HealthCare, an organization that has an excellent reputation for clinical excellence and a long history of serving communities with personal care and compassion,” Mastrapa said in a statement. “With the high patient demands the healthcare industry is currently facing, I am confident that the expertise of our employees and the entrepreneurial energy of our franchisees will continue to lead the way in home healthcare.”
Based in Sunrise, Fla., Interim is a home care franchise that provides home care, hospice care, palliative care, pediatric care, personal care and staffing services to approximately 200,000 people each year. The company has more than 330 locations across the United States
As of Friday, there had been no indication from the company that Sheets would step down.
Sheets began her career as a nurse in Tennessee’s trauma and transplant intensive care unit. She then held leadership positions at Kindred Healthcare, Cornerstone Healthcare Group and Bayada Home Health Care before taking over the leadership of Interim.
In addition to her work at Interim, Sheets is also the board chair of the Research Institute for Home Care (RIHC) and a member of the board of directors of the National Association of Home Care & Hospice (NAHC).
“Interim HealthCare thanks outgoing CEO Jennifer Sheets for her service to the company and wishes her well in her future endeavors,” Interim wrote in its press release.
From 2018 to 2021, Paul Mastrapa was CEO of Help at Home – one of the largest personal care suppliers in the country.
Since then he has worked as a consultant for several companies including PFM Healthcare Consulting and senior care company Lifespark.
“As far as the ownership structure is concerned, I have held senior positions in public institutions. I’ve worked in departments of large private companies,” Mastrapa told Home Health Care News last year. “By now I’ve done quite a bit of private equity and really enjoyed the private equity experience. There is nothing quite like bringing together many smart people with a focus on investing and capital to really create an exciting opportunity. I have now focused more on working with private equity backed companies.”
To that end, private equity firm Wellspring Capital Management acquired Caring Brands International in 2021. Wellspring also currently supports Help at Home.
Prior to Help at Home, Mastrapa was also the CEO of Option Care Health (NYSE:OPCH). Option Care’s current President and CEO, John C. Rademacher, served as COO on Mastrapa’s leadership team and eventually succeeded him.
Option Care Health, a home and alternative site IV IV company, recently attempted to acquire Amedisys Inc. (Nasdaq: AMED) but was outbid by UnitedHealth Group’s (NYSE: UNH) Optum.
During his conversation with HHCN last September, Mastrapa expressed the need for more home care businesses to become value-based providers.
“Until you actually take all the risk, it’s really difficult,” he said. “Some of my most frustrating incidents or experiences have been when [Option Care] was working with very large health insurers and showing near nine-figure savings on some of these very expensive drugs, and their first port of call would be, ‘Well, if I give you the full volume what kind of a rate cut are you going to give me?’ When you’re in that mindset, it’s hard to get by.”